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<p>[QUOTE=&quot;avr5700, post: 1570389, member: 30063&quot;]Indeed, there are fungible issues with PMs.&nbsp; In my view, this divergence between PM and its &#039;use&#039; is mostly at odds over short periods of time.&nbsp; Consider if we have high monetary inflation impact us sometime soon.&nbsp; One expectation is that PMs will take less of a hit so long as they can practically remain unconverted.&nbsp; So the anti-inflation trick would be to expose as little of one&#039;s wealth to inflationary theft as possible over any given period of time (e.g. maintain the smallest cash position possible).&nbsp; Of course, that is not a simple matter since conversion on an as needed basis is bound to be a challenge.</p><p><br /></p><p>Adding complexity to this is the volatility of your particular PM of choice.&nbsp; PM doesn&#039;t exactly follow cash exchange ratios.&nbsp; Plus, what happens during a deflationary swing?&nbsp; You&#039;ll want the least wealth trapped in PM then.&nbsp; It seems all to easy to be on the losing end of an unpredictable future in a variety of ways.</p><p><br /></p><p>&nbsp;</p><p><br /></p><p>Regarding $39/oz today...well so much for that!&nbsp; It moved with the market, just like it usually does of late.[/QUOTE]</p><p><br /></p>

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