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Hmmmmm Precious metal pondering
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<p>[QUOTE="medoraman, post: 1238310, member: 26302"]QFT. </p><p><br /></p><p>I like PM, and was one of those weirdos advocating them to others when they were flat for a decade or longer. To many, though, it seems like if they hug a gold coin they can magically protect themselves from bad things. Gold cannot stop barbarians from appearing over the hill any more than it can stop Washington from spending our grandchildren's salaries today or stop terrorist from blowing innocents up.</p><p><br /></p><p>PM is a great tool against mild to severe inflation, but will not help during stagflation, deflation, or your government being broke so your schools go to heck. Many ancient Romans had large stockpiles of gold, but that didn't help when their empire collapsed and they were plunged into the dark ages and most knowledge was lost.</p><p><br /></p><p>Interesting thought, I think them too. I hope more PM bugs, though they are correct to want to include PM in their portfolio, realize how it will not help them with the large macro issues in their lives.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1238310, member: 26302"]QFT. I like PM, and was one of those weirdos advocating them to others when they were flat for a decade or longer. To many, though, it seems like if they hug a gold coin they can magically protect themselves from bad things. Gold cannot stop barbarians from appearing over the hill any more than it can stop Washington from spending our grandchildren's salaries today or stop terrorist from blowing innocents up. PM is a great tool against mild to severe inflation, but will not help during stagflation, deflation, or your government being broke so your schools go to heck. Many ancient Romans had large stockpiles of gold, but that didn't help when their empire collapsed and they were plunged into the dark ages and most knowledge was lost. Interesting thought, I think them too. I hope more PM bugs, though they are correct to want to include PM in their portfolio, realize how it will not help them with the large macro issues in their lives.[/QUOTE]
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