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<p>[QUOTE=&quot;medoraman, post: 1315654, member: 26302&quot;]I understand sir, but things were pretty dire in the early 80&#039;s as well. Most of what you mentioned was happening then also, as well as high inflation. I am not saying they are the same, but one should look at similar periods if at least to understand the differences. </p><p><br /></p><p>No offense to anyone here, but the PM folks really stuck their heads in the sand from 1980-1986. Every single time I talked to one they would simply reiterate how everyone would come back to PM, how PM was going to soar, how this is a buying opportunity, etc etc. This went on year after year, all the while PM kept going lower and lower due to less and less public interest. Some of the PM commentators today were back then, all the while telling everyone to &quot;stock up, PM is going up any day, you will be happy you listened to me&quot;. Nowadays they crow about how they were right 10 years ago, but they never mention how WRONG they were before that, for decades.</p><p><br /></p><p>The only reason I am writing this is to not offend anyone, but don&#039;t dwell on PM so much that you become wrapped up in it, only talk to other PM believers, and behave like so many people I met did in the 80&#039;s while the PM market continually fell. Their reasons were almost word for word what I hear today, &quot;evil of the Fed&quot;, &quot;CME manipulation&quot;, &quot;need for hard money&quot;, &quot;running out of PM in the ground&quot;. None of these thoughts are new at all. Maybe they are all correct, yet the market has demonstrated handily it can care less, and it CAN price PM at any price it chooses. Believe it or not, the majority of the world STILL has no real desire to own PM, absent the wealth it represents. Most people, given a choice of $10,000 cash or $10,000 in gold, will choose the cash every time. The fact WE are different does not change that fact, but it sure influences how we feel the investment prospects of PM are.</p><p><br /></p><p>Just an opinion.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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