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<p>[QUOTE=&quot;medoraman, post: 1190455, member: 26302&quot;]While I believe the speculation quote is true, it comes off badly since most people have a narrow definition of speculation. Any type of purchase that by definition cannot grow, (meaning certain things, not price appreciation), is termed speculation, not investment. A scenario would be buying stocks or investing in a company is investment, while buying any commodity is speculation.</p><p><br /></p><p>Its just terminology. A speculative investment is not by definition more or less risky than in investment.</p><p><br /></p><p>I am not a gold bug, but I believe in diversity of assets and believe either PM mining stocks or PM itself has a place in most people&#039;s portfolio. I do not include in those things leveraged PM or any commodity investments, as those are pretty risky and you only trade in those if you believe you know what you are doing. In those investments, its a net zero game and the house has better odds.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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