Message:

<p>[QUOTE=&quot;InfleXion, post: 1222163, member: 29012&quot;]It seems to me you two both downplay precious metals even though you also advocate their place in a portfolio, which is understandable with all the frenzied bullish talk that isn&#039;t always substantiated. Although I don&#039;t really see much difference of opinion between you except over details within the same school of thought. It never hurts to be cautious, but I am of the opinion that we need to be sounding the alarm bells for folks to at least get some exposure to PM&#039;s before our buying power is lost altogether. </p><p><br /></p><p>Of course being overextended isn&#039;t wise, but if you have cash sitting around you are asking to have your wealth stolen from you if you are leaving it in the bank or even the stock market (see the historic DOW/Gold ratio), or even bonds for that matter (without QE who is going to buy them?). The track record of the dollar&#039;s purchasing power is clear and does not inspire confidence. </p><p><br /></p><p>Nothing else can provide the financial security that precious metals can, because everything else either requires special storage conditions, confidence in an IOU, or else isn&#039;t fungible (1 oz = 1 oz no matter how you slice it). PM&#039;s are both easy to transport and can be broken up or melted down with minimal loss of value. I personally do not trust financial institutions as far as I can throw them, and the only wealth of mine that&#039;s in IOU form is what I am unable to obtain directly (employer contributed retirement fund) and my cash cushion.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in