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<p>[QUOTE=&quot;cvicisso, post: 1311979, member: 29382&quot;]Wow - this is a great thread with a lot of insight!&nbsp; And Jason - I wish everyone on the internet had your open-minded, humble attitude!</p><p><br /></p><p>My $.02 is as follows:</p><p><br /></p><p>For me, [physical] PMs are not a &#039;bet&#039; for or against anything, but more like insurance against a monetary collapse, with the added benefit that you get to keep the money you put into it (in other words - if you&#039;re &#039;wrong&#039; and the dollar does NOT collapse, you&#039;re left with a pile of gold, silver, platinum, etc... not too bad).&nbsp; If you&#039;re &#039;right&#039; and we print the $ into oblivion, then you&#039;re covered too.&nbsp; The amount of &#039;insurance&#039; (how much PM you buy) determines how <i>well </i>you are covered if the unthinkable does happen.&nbsp; You could do &#039;ok&#039; or you could become an oligarch in the new world order (for lack of a better term).&nbsp; </p><p><br /></p><p>Again - I hope <i>it </i>DOESN&#039;T happen... and if it doesn&#039;t... you&#039;re left with a pile of gold (or pick-your-favorite-PM).&nbsp; </p><p><br /></p><p>As the case for a monetary collapse gains more and more support (common sense says <i>something </i>needs to happen eventually), I&#039;m putting more and more of my $ into gold and silver (physical - not ETFs), <u>but I still have most of my $ in stocks</u>.&nbsp; However, I do NOT believe that &#039;over the long term, my stocks are <i>guaranteed </i>to go up...&#039;&nbsp; This is a very common [ubiquitous?], tempting, but dangerous viewpoint.&nbsp; If you&#039;ve read Taleb&#039;s &#039;Black Swan&#039; it&#039;s like the turkey on day 1000 (or whatever day it was): for 999 days it got pampered and fed like crazy, so it was natural for the turkey to assume that day 1000 (the day before Thanksgiving) would be similar.&nbsp; Bad assumption.&nbsp; Anything can happen.&nbsp; In life, the stock market, the grocery store, anywhere... Past performance is not indicative of future results.&nbsp; Ever.&nbsp; </p><p><br /></p><p>Critics of PM &#039;investment&#039; often say things like &#039;the gold bugs have been saying that for years and look - there was no economic collapse! Pffft! C&#039;mon!&#039;&nbsp; But, just like insurance for your house, your car, your family, or whatever... when investing in PMs to cover yourself (and/or your family) in the event of an emergency (monetary meltdown in this case) <span style="color: #ff0000"><b>I would rather be two years early than one day late</b></span>. </p><p><br /></p><p>Personally, I would avoid PMs as a derivative-type investment.&nbsp; There are too many other options (pun intended).[/QUOTE]</p><p><br /></p>

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