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<p>[QUOTE="littlehugger, post: 2129175, member: 58633"]Doug has it right.</p><p> PM's preserve the value of your investment. Commodities rise when stocks fall. With commodities, you have something, not a piece of paper and a promise.</p><p> Silver has been around as something of value for thousands of years, across all cultures. Enron stock, anyone? Or maybe you can buy one of those $100 trillion dollar bills from Zimbabwe off of Ebay for $20? Fiat money is so valuable!</p><p> It does not take an end of the world scenario for PM's to go up. Yes, they are down in the short term, but down from fantastic highs. Back when our money was made from gold and silver, a $20 gold piece was 90% gold and the gold was only worth $18. Now its $1200 an ounce. Actual circulating coins have numismatic value above that. Silver dollars had 90 cents worth of silver in them. How much for a VF common date Morgan off of Ebay now?</p><p> There are many investments out there, PM's one of them.[/QUOTE]</p><p><br /></p>
[QUOTE="littlehugger, post: 2129175, member: 58633"]Doug has it right. PM's preserve the value of your investment. Commodities rise when stocks fall. With commodities, you have something, not a piece of paper and a promise. Silver has been around as something of value for thousands of years, across all cultures. Enron stock, anyone? Or maybe you can buy one of those $100 trillion dollar bills from Zimbabwe off of Ebay for $20? Fiat money is so valuable! It does not take an end of the world scenario for PM's to go up. Yes, they are down in the short term, but down from fantastic highs. Back when our money was made from gold and silver, a $20 gold piece was 90% gold and the gold was only worth $18. Now its $1200 an ounce. Actual circulating coins have numismatic value above that. Silver dollars had 90 cents worth of silver in them. How much for a VF common date Morgan off of Ebay now? There are many investments out there, PM's one of them.[/QUOTE]
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