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<p>[QUOTE=&quot;InfleXion, post: 1506307, member: 29012&quot;]Nobody knows what the actual value is, that&#039;s my point. Nobody knows what the actual value of anything is because the market is driven by contracts that don&#039;t have the actual commodity, bonds which are supposed to measure risk are artificially low, and ratings agencies like Egan Jones get attacked by the SEC for doing the right thing. My investment strategy is based on silver being more rare than gold above ground, having more demand than mining supply can meet, and being the 2nd most useful commodity in existence. However, if I lose my shirt I won&#039;t care because I didn&#039;t get into it for profit in paper backed by nothing. I got into it for tangible value and to prepare for when the debt bubble collapses. I don&#039;t wish this to happen, but it is a mathematical inevitability so I am preparing accordingly.</p><p><br /></p><p>I wasn&#039;t saying don&#039;t call me a friend. I was saying that if you are going to do so, act like it. I don&#039;t see any point in mincing words. That&#039;s what I meant about walking. </p><p><br /></p><p>I appreciate your apparent concern, but just because it is impossible to determine the value of something in a rigged market doesn&#039;t mean that I don&#039;t have a clue about it. You are assuming quite a bit. I wouldn&#039;t touch GLD or SLV with a 10 foot pole, for one because they don&#039;t have the metal to back them up, for another because they take away from physical demand and help keep the price down by playing into the paper ponzi scheme. I have never bought anything except physical metal, and I wouldn&#039;t recommend anyone else do otherwise unless they are comfortable with the fact that they don&#039;t really own gold or silver. </p><p><br /></p><p>I am also long equities in my mind, but I don&#039;t bother buying them. QE3 could very well kick off in the September FOMC and the ECB has promised at least 500 bn Euro for the ESM in that same timeframe. Everything is going to be going up in price after that, but the reason I don&#039;t mess with equities is because I don&#039;t trust the financial system. I also do not care about profits or money as long as I have a decent quality of life. I care about stability, self-sufficiency, being able to take care of people I care about, and enabling others to take care of themselves so that I don&#039;t have to. Metals are the one way I know of to do this without counter party risk, though there are certainly other risks as each scenario is unique. We have seen the risks in holding paper assets with MF Global, sovereign bond haircuts, flash crashes, money printing, etc. Each person&#039;s view may vary, but I have explained mine so I will leave it at that.[/QUOTE]</p><p><br /></p>

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