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Is now the time to give up on PMs and look to the stock market?
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<p>[QUOTE="V. Kurt Bellman, post: 3135513, member: 71723"]Sure, ALL market values of EVERYTHING are. It's just that PM coin people tend to be LITERALLY invested in gloom and doom of their own place where they live. I'm sorry, but I find that a little sick and twisted.</p><p><br /></p><p>Call it "insurance" all you like. I think it's better to work your guts out to make sure it doesn't go all sideways.</p><p><br /></p><p>And besides, with equities, you are "buying" a share of an income flow, whether used for dividends, share buybacks, or retained earnings to fuel growth. On the contrary, holding physical metals COSTS money, rather than earning it. And if you're buying physical metals, you pay taxes at ordinary income levels, rather than the beneficial capital gains rate. All in all, PM's absolutely STINK as a store of wealth.[/QUOTE]</p><p><br /></p>
[QUOTE="V. Kurt Bellman, post: 3135513, member: 71723"]Sure, ALL market values of EVERYTHING are. It's just that PM coin people tend to be LITERALLY invested in gloom and doom of their own place where they live. I'm sorry, but I find that a little sick and twisted. Call it "insurance" all you like. I think it's better to work your guts out to make sure it doesn't go all sideways. And besides, with equities, you are "buying" a share of an income flow, whether used for dividends, share buybacks, or retained earnings to fuel growth. On the contrary, holding physical metals COSTS money, rather than earning it. And if you're buying physical metals, you pay taxes at ordinary income levels, rather than the beneficial capital gains rate. All in all, PM's absolutely STINK as a store of wealth.[/QUOTE]
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Is now the time to give up on PMs and look to the stock market?
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