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<p>[QUOTE="medoraman, post: 1256874, member: 26302"]I don't want to cause a debate, just pointing out one thing to you Inflexion. You are saying that if we continue the course, you expect 30+% increases in PM. However, if we change course, you still expect PM to rise. Those are the only two options? </p><p><br /></p><p>I am just saying be careful because if your logic concludes that whatever happens your investment has to go up, that is, to me, a sure sign there is a flaw. There is almost no good, service, or anything I could ever convince myself has to go up over inflation no matter what happens. I am sure Cloud and I could paint you some scenarios where PM would go down. I am just saying it seems your post completely dismisses that possibility, and to me that should be a red flag. I will point out many times in history where investors colelctively convinced themselves that up is the only direction something can POSSIBLY go. It will not be pretty.</p><p><br /></p><p>I know people like to say history is different now, I am too old, whatever, but I like to draw on recent experience to think things through. Lots of PM prognosticators have had the exact same circular logic in the last 30 years, that PM has to go up regardless of what happens economically. Its like a broken clock is right twice a day, they are right now, but what about the last 30 years?</p><p><br /></p><p>I am simply asking, for me, for you to think about your statement and see if you really believe that, under anything that can reasonably happen, if PM HAS to go up in all circumstances. I like you Inflexion, so I am asking you this not out of malice but out of genuine concern.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1256874, member: 26302"]I don't want to cause a debate, just pointing out one thing to you Inflexion. You are saying that if we continue the course, you expect 30+% increases in PM. However, if we change course, you still expect PM to rise. Those are the only two options? I am just saying be careful because if your logic concludes that whatever happens your investment has to go up, that is, to me, a sure sign there is a flaw. There is almost no good, service, or anything I could ever convince myself has to go up over inflation no matter what happens. I am sure Cloud and I could paint you some scenarios where PM would go down. I am just saying it seems your post completely dismisses that possibility, and to me that should be a red flag. I will point out many times in history where investors colelctively convinced themselves that up is the only direction something can POSSIBLY go. It will not be pretty. I know people like to say history is different now, I am too old, whatever, but I like to draw on recent experience to think things through. Lots of PM prognosticators have had the exact same circular logic in the last 30 years, that PM has to go up regardless of what happens economically. Its like a broken clock is right twice a day, they are right now, but what about the last 30 years? I am simply asking, for me, for you to think about your statement and see if you really believe that, under anything that can reasonably happen, if PM HAS to go up in all circumstances. I like you Inflexion, so I am asking you this not out of malice but out of genuine concern. Chris[/QUOTE]
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