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<p>[QUOTE=&quot;NorthKorea, post: 1586979, member: 29643&quot;]FWIW, the reason most money managers steer clients away from precious metals (since 2009 or so) is because it IS in a bubble. The bubble was identified back in 2005 as being about 70% done (pitched as &quot;7th inning of a baseball game&quot;). As for the comment about fees, that&#039;s not true. Money managers (real ones) will get a percentage of all gains in a portfolio, regardless of what specific investments are contained in the portfolio. If you&#039;re talking about a financial advisor or broker, that would be a bit closer to your claim. However, they&#039;d still have access to ETFs/MFs/etc that focus entirely on PMs.</p><p><br /></p><p>The real reason that money managers try to steer clients away from physical possession is liability. If a money manager tells you to buy bullion on your own, and it gets stolen/tanks/etc, they might *still* be liable for the loss. Why? If they&#039;re not licensed for PM analysis, they would be on the hook for presenting an investment product without a license. If they are licensed for PM analysis, they would be on the hook for presenting the investment idea AND selling away.</p><p><br /></p><p>In any event, I didn&#039;t read the article, so I can&#039;t comment on the author&#039;s intent, but I will defend others in the finance field for protecting their clients (ergo: doing their jobs).</p><p><br /></p><p>To say PMs are not in a bubble would require at least one (if not all) of the following:</p><p>1) Ability to lie through your teeth.</p><p>2) Inability to understand historical context of pricing.</p><p>3) Misunderstanding of the industries that CURRENTLY use PMs, as well as those which are likely to use it in the future. (This one seems to apply to silver bugs more than anyone.)[/QUOTE]</p><p><br /></p>

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