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<p>[QUOTE=&quot;Cringely, post: 925464, member: 22271&quot;]For someone near or at retirement, the volatility associated with PMs may not be the wisest idea. Especially if those funds may be needed within a short (<i>i.e</i>., half a decade) period. At age 70, there is the spectre of significant medical expenses, having the comfort of knowing that you will always be able to pay for your grandchildren&#039;s education, etc.</p><p><br /></p><p>If your long term approach spans 3 or 4 decades, yes, PMs can be a part of a portfolio. For someone past retirement, IMO, it is an unwise place to put a large proportion of your assets. Just imagine it is 1980, not 2010 and you&#039;ve just bought 1,000 ounces of silver at $40/oz. Do you sell at $50 or hold on because you know it&#039;s going higher? Now, imagine it&#039;s one year later (1981) and silver is at $8/oz and you still have 1,000 ozs. Do you think your mother would be thrilled with that scenario if it is repeated in a couple of years?</p><p><br /></p><p>Another point to remember, is that your mother grew up with the country just coming out of the depression. That may have shaped her attitude towards investing. </p><p>Of course, if your mother is a multi-millionare, that&#039;s another thing altogether.[/QUOTE]</p><p><br /></p>

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