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<p>[QUOTE="medoraman, post: 3380532, member: 26302"]I have to say it. Lyndon Larouche was famous in 1977 for the exact same sentiments. In fact, I bet you he would have written this post if CT had been invented.</p><p><br /></p><p>Point being, for almost as long as I have been alive there have been those preaching that the "end of the credit Ponzi scheme will soon end". It may end soon, or it may simply get kicked down the road like it has been for decades. The Fed showed us in 2009 they had many more tools in their toolkit than only lowering short term interest rates. The chance it all may end soon may be a possibility, but a possibility that has never shown itself while millions of people became millionaires in the meantime investing in stocks and bonds. </p><p><br /></p><p>If I had a 300 year lifetime, the possibility of fiat money and borrowing may be a valid investment strategy. However, I am 50. I do not have an infinite timeline, and I think it sounds more reasonable to bet that the status quo will continue rather than a never-before-occurred revolution. Therefore, I am putting most of my money in investments, and hedge it some with pretty, shiny metal and farmland.</p><p><br /></p><p>Looking back in 15 years, feel free to throw stones and call me stupid. Hindsight will always be 20/20. However, today, that is how I see the odds and how I am placing my bets. I am sure glad I did not follow this pm logic 15 years ago, as I would be far poorer today.</p><p><br /></p><p>Btw, the problem with PM is always two fold. One, will it outperform other assets. The other, however, is that will anyone WANT IT in the future. I look at younger guys, and none of them are wearing gold wedding rings today. I do not see younger women wearing any gold either. What makes everyone so sure gold and silver will be WANTED in 30 years at any price? The price of mining can continue to rise, but what will DEMAND look like?[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 3380532, member: 26302"]I have to say it. Lyndon Larouche was famous in 1977 for the exact same sentiments. In fact, I bet you he would have written this post if CT had been invented. Point being, for almost as long as I have been alive there have been those preaching that the "end of the credit Ponzi scheme will soon end". It may end soon, or it may simply get kicked down the road like it has been for decades. The Fed showed us in 2009 they had many more tools in their toolkit than only lowering short term interest rates. The chance it all may end soon may be a possibility, but a possibility that has never shown itself while millions of people became millionaires in the meantime investing in stocks and bonds. If I had a 300 year lifetime, the possibility of fiat money and borrowing may be a valid investment strategy. However, I am 50. I do not have an infinite timeline, and I think it sounds more reasonable to bet that the status quo will continue rather than a never-before-occurred revolution. Therefore, I am putting most of my money in investments, and hedge it some with pretty, shiny metal and farmland. Looking back in 15 years, feel free to throw stones and call me stupid. Hindsight will always be 20/20. However, today, that is how I see the odds and how I am placing my bets. I am sure glad I did not follow this pm logic 15 years ago, as I would be far poorer today. Btw, the problem with PM is always two fold. One, will it outperform other assets. The other, however, is that will anyone WANT IT in the future. I look at younger guys, and none of them are wearing gold wedding rings today. I do not see younger women wearing any gold either. What makes everyone so sure gold and silver will be WANTED in 30 years at any price? The price of mining can continue to rise, but what will DEMAND look like?[/QUOTE]
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