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<p>[QUOTE="sakata, post: 2991595, member: 23778"]Not really. I have enough to live on without worrying about my PM holdings. Those are there just as a safety net in case the financial world collapses. If that happens I expect gold and silver will revert to the historic norm as specie. At that point who cares whether they have shot up by a factor or 10 or of 20? At those prices I will have way more than I need and a 5% difference in price now will make little difference to me when I will only need a small part of it to live off.</p><p><br /></p><p>People whose only care in the world is accumulating as much money as possible may not understand this line of thought. Money is not everything though and I only need enough out of life to pay all my bills and have a little left over for things I enjoy. Right now I need about $25,000 a year. Anything above that is a bonus. If a time ever comes when I need to sell any of my PMs then I will easily be able to sell them for that amount (adjusted for inflation) because they will have increased in value by a significant amount, and it doesn't matter if I paid a little more or a little less for them now.[/QUOTE]</p><p><br /></p>
[QUOTE="sakata, post: 2991595, member: 23778"]Not really. I have enough to live on without worrying about my PM holdings. Those are there just as a safety net in case the financial world collapses. If that happens I expect gold and silver will revert to the historic norm as specie. At that point who cares whether they have shot up by a factor or 10 or of 20? At those prices I will have way more than I need and a 5% difference in price now will make little difference to me when I will only need a small part of it to live off. People whose only care in the world is accumulating as much money as possible may not understand this line of thought. Money is not everything though and I only need enough out of life to pay all my bills and have a little left over for things I enjoy. Right now I need about $25,000 a year. Anything above that is a bonus. If a time ever comes when I need to sell any of my PMs then I will easily be able to sell them for that amount (adjusted for inflation) because they will have increased in value by a significant amount, and it doesn't matter if I paid a little more or a little less for them now.[/QUOTE]
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