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<p>[QUOTE=&quot;medoraman, post: 1633944, member: 26302&quot;]My question sir would be who has all of their money in FRNs? I have some in my house, some in farmland, some in PM, some in collectible coins, (consider that &quot;wasted&quot; money though), some in stocks, some in bonds, and some in money market. If your scenario played out, I only see bonds and money market affected really, as everything else should long term adjust with inflation. Some say stocks wouldn&#039;t, but I think they would eventually since its ownership of physical things, (at least my stocks are), and their debt would become cheaper.</p><p><br /></p><p>So, as protection against inflation I agree PM is fine and prudent, my only point is MANY things are also prudent for that scenario.</p><p><br /></p><p>Look back in history, the owners of the land, bulidings, and other &quot;things&quot; were not nearly as affected by currency fluctuations as others.</p><p><br /></p><p>To me, the key is to become an OWNER and not a RENTER. If you are always in debt and scraping by you are at severe risk to almost anything. Only by climbing up the resource ladder by not having debt, buying and paying off a house, saving up to buy a car versus financing, improving your pay, etc can you REALLY get ahead of the game. You have to be an owner of assets. Yes, PM can play a part of that, but I would be nervous about buying PM while you are in debt for car payments, credit card, student loans, etc. Stop being a borrower and start OWNING things, that is my &quot;shortcut&quot; to prosperity. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Edit: Btw, by &quot;things&quot; I mean long term assets. I am not saying to go out and buy a LED tv, a PS3, and think you are doing the &quot;financially right thing&quot;.[/QUOTE]</p><p><br /></p>

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