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<p>[QUOTE=&quot;medoraman, post: 1232981, member: 26302&quot;]This is why its called speculating in commodities. You can find people on this board with both opinions, maybe more PM bulls than average just because this forum is for people who believe in PM investing.</p><p><br /></p><p>To me, (and I am known as a contrarian somewhat on this board), I think LONG TERM PM will hold its purchasing value, meaing go up in an inflationary economy like ours, but there are no guarantees short term.</p><p><br /></p><p>I think both are probably bumped up a bit versus long term prices because of the current news stories, and am not sure I would buy at todays prices. I have that luxury though since I bought a lot 20 years ago. I think having them in any portfolio is beneficial. </p><p><br /></p><p>What should YOU do? I have no idea, it will depend on your worth, what its in, your plans for retirement, need for cash, etc. One thing you should be aware of is PM investing does have buy/sell spreads, so I would look at buying for a long term timeframe if you wish to invest to minimize this cost.</p><p><br /></p><p>Btw welcome to the board!</p><p><br /></p><p>Chris</p><p><br /></p><p>Edit: I didn&#039;t see the part about your friend saying PM will drop &quot;immensely&quot;. I do not agree with that statement, and feel that gold especially is not too far out of line with its long term purchasing value. It could fall, but not what I think would be &quot;immensely&quot;.[/QUOTE]</p><p><br /></p>

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