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<p>[QUOTE=&quot;desertgem, post: 1556657, member: 15199&quot;]There is no &quot;smart money&quot;, there are smart/lucky/knowing investors that make the smart bet. And it is all a bet. There is no sure thing in financial dealings. Even those who accumulate PM are making a bet. But in the end it might prove false also. Yes you can argue it has lasted millinums, but that is past history and need, it is not predictive of the future. One may sneer at fiat money, but I believe one should use it to further one&#039;s financial situation. If you want to buy Pm or a new house, that is your choice, but if you buy PM and never sell it, you are playing with paper wealth also. Your gains/losses are only on paper until they are realized.. The &quot;dumb&quot; money , IMO, are those who buy PM, stocks, land, patent rights, bonds, etc. and then let them be ignored, thinking they will go up in time, no worries, ....They have to be maintained like your livestock, pets, relationships, health, or the result may be very bad, and many accumulators do not do this, they believe the PM mantra so strongly.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

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