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<p>[QUOTE="TheFinn, post: 3176524, member: 90102"]I look at gold, and to a lesser extent silver, as cash. I value them against the commodities (gasoline, groceries, etc.) that they can buy. You'll notice that when the PMs were going up, so had the cost of gasoline. Gasoline went down, so did the PMs. I got hit pretty hard in 2000 and 2008-9 on my 401(k). So, after losing about 1/2 of the value, should I hate the stock market? That is the rigged game. I can only invest in a limited number of stocks and bonds. The only reason they go up really is because people have to continue to invest in it. When the Baby Boomers start retiring in big numbers, they will be selling the holdings they have, which will increase the quantity, and with the current demographics, we know there will be less demand. China, Russia and other countries are putting away gold to back their currencies, which is something many Western countries don't - Canada has less than 100 oz. in their holdings, which I think will come back to bite them.[/QUOTE]</p><p><br /></p>
[QUOTE="TheFinn, post: 3176524, member: 90102"]I look at gold, and to a lesser extent silver, as cash. I value them against the commodities (gasoline, groceries, etc.) that they can buy. You'll notice that when the PMs were going up, so had the cost of gasoline. Gasoline went down, so did the PMs. I got hit pretty hard in 2000 and 2008-9 on my 401(k). So, after losing about 1/2 of the value, should I hate the stock market? That is the rigged game. I can only invest in a limited number of stocks and bonds. The only reason they go up really is because people have to continue to invest in it. When the Baby Boomers start retiring in big numbers, they will be selling the holdings they have, which will increase the quantity, and with the current demographics, we know there will be less demand. China, Russia and other countries are putting away gold to back their currencies, which is something many Western countries don't - Canada has less than 100 oz. in their holdings, which I think will come back to bite them.[/QUOTE]
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