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<p>[QUOTE=&quot;InfleXion, post: 1261890, member: 29012&quot;]Precious metals aren&#039;t just about investing, they are about having a store of wealth that cannot be fraudulently expanded like everything else. I&#039;m not saying you can&#039;t lose money on PM&#039;s, just that you can&#039;t trust anything else not to be cooked. For me it&#039;s not about profit, or else I would be selling at today&#039;s prices.&nbsp; </p><p><br /></p><p>Precious metals were in a bubble in 1980 due to the Hunt brothers, but this time around they are the anti-bubble. Unlike that situation which had excessive buying, today&#039;s situation has excessive selling. There are way more shorts than longs in the paper trade which is artificially suppressing the price, and the price is as high as it is because of rampant money creation by central banks around the world. Stocks were a bubble in 2000, real estate was in a bubble in 2006, the currency bubble started in 1913 but went into the stratosphere in 2008, and bonds are probably the biggest bubble of them all due to quantitative easing by many nations (still doesn&#039;t come close to the derivatives bubble though). The law of ratios and the law of supply and demand both demand that things eventually go back to equilibrium. Currently neither of them are in effect or else we would be looking at $8,000+ gold based simply on monetary expansion, and there is no real demand for bonds other than by central banks. This fantasy is not sustainable, and only PM&#039;s are both transportable, fungible, everlasting, and cannot be created out of thin air so they are the de facto winners in this house of cards.[/QUOTE]</p><p><br /></p>

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