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<p>[QUOTE=&quot;medoraman, post: 963640, member: 26302&quot;]True, except that the large gain gold made in the 70&#039;s was effectively the cumulative gains that should have been made during the government gold ban. That is why a person would have made a huge profit buying it the day it became legal. The comparions may not be perfect, but since gold was legal at the beginning and the end I think its a good proxy. I would wager that many other commodities would show the same comparison. I know there are many people who still say PM are money, but I view it as a commodity that is very easy to physically hold. I have about 10% in PM, and think its a great idea if you buy it at a good price. I am just too cheap to buy right now, I don&#039;t see the relative value versus REIT&#039;s, some equities, and some value housing. For me to buy, gold needs a correction to about $800 or less, and silver $11-12 or less. At those prices I may add to holdings.[/QUOTE]</p><p><br /></p>

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