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<p>[QUOTE=&quot;scottishmoney, post: 712893, member: 12789&quot;]This is exactly right, there is far far more money now than in the days when money was inexorably pegged to precious metals.&nbsp; The cessation of that link from the 1920s on up to the final break in the 1960&#039;s is what has permitted world governments to print far more money, create far more credit etc.&nbsp; That has led to remarkable economic growth, but is coupled with risks of instability.&nbsp; But even when the USA was on the gold and or silver standard, there were still remarkable financial meltdowns that are largely forgotten today, that of 1837, the 1857 panic, then 1873, 1893, then 1907 and the one most of us are familiar with that of the Great Depression.&nbsp; Gold and silver played their contributing parts to several of those meltdowns or near meltdowns.</p><p><br /></p><p>In that vane, I will opin that really your money is not completely separated from the influence of PM&#039;s if you put a percentage of your funds into PM&#039;s - not as an investment! - but rather as an insurance policy for a portion of your net worth.&nbsp; As of 1975 every American has the right to purchase and sell gold, in fact the US government still continues to crank out gold and silver coins on an almost daily basis(sporadically lately, but still going) and you can exchange your inflated dollars for said PM&#039;s at your whim and desire.[/QUOTE]</p><p><br /></p>

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