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<p>[QUOTE=&quot;Larry Taylor, post: 1996213, member: 72387&quot;]I currently hold maybe 5% of my total assets in precious metals - mostly silver becasue it makes for a better fractional money.</p><p><br /></p><p>Important to distinguish between money and currency.&nbsp; Gold and silver are considered money, and paper &#039;stuff&#039; is currency (as I guess too are Bit Coins).&nbsp;&nbsp; Money has finite limits as to how much is available (can only mine it so fast and now at substantial cost due to the lower grade ores needed to obtain the &#039;money&#039;).&nbsp; Printing presses are limited only by the availability of paper and ink.&nbsp; That in itself turned out to be a problem in German Wiemar republic.</p><p><br /></p><p>Is&nbsp; the accumulation of PM&#039;s a rational approach to protecting your wealth?&nbsp; I guess if you don&#039;t have much else to do with your currency.&nbsp; I think of it this way.&nbsp; When I was working at a &#039;convenience store&#039; such as it was back in the 1960&#039;s,&nbsp; I could take three Ag dimes and a nickel and buy a gallon of gasoline back then.&nbsp; I can pretty much do that today, although I have to convert the Ag dimes to currency first, then I can buy the gas.</p><p>I dare say 95+% of today&#039;s convenience store clerks haven&#039;t the foggiest idea of the difference between pre-65 coins and today&#039;s modern coins.[/QUOTE]</p><p><br /></p>

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