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<p>[QUOTE="NorthKorea, post: 2235129, member: 29643"]And I would firmly disagree. Non-consumed commodities (which, even though they might get consumed, PMs generally are viewed as) typically go through extended lulls of flat market trading, followed by something that triggers a huge bull run (500%+ gains) and collapse (70%+ losses), then a return to the flat market trough. Sure, I might be wrong and history might decide to change or the investor sentiment of PMs might change them into consumed commodities, but I doubt it.</p><p><br /></p><p>We've likely settled into a flat pattern. If you want to acquire, I wouldn't DCA. If you can afford to tie up your money in PMs for another 20+ years, go right ahead. No one is going to stop you. However, if you're using DCA as an acquisition technique, that typically means that you either have little capital to work with or you're incrementally building your entire portfolio. In either case, it may (likely will) behoove you to adjust your asset allocation to shift from non-consumed commodities to consumed commodities. While gold/silver will initially rise in tandem with oil due to sympathy, that usually stops once it's clear that oil has reached a new stability level. This is due to speculator sentiment that in short-run situations, oil can act like a non-consumed commodity. That said, in the long run, it's a consumed commodity.</p><p><br /></p><p>Now, all of THAT said, we've gone through deflation globally for the last five years or so. If you look at silver prices today, they basically reflect a $17-$19 level in 2012 basket of currencies. If you really are looking to park cash at negative interest rates, silver is fairly priced right now. I don't know enough about gold consumption at the moment to make the exact same claim, but my assumption has been this is the case.</p><p><br /></p><p>The above summarizes why I'm trying to acquire platinum and iridium. Both platinum group medals have very specific uses with minimal alternatives (palladium is toxic, and iridium's physical properties make it VERY useful in industrial applications).[/QUOTE]</p><p><br /></p>
[QUOTE="NorthKorea, post: 2235129, member: 29643"]And I would firmly disagree. Non-consumed commodities (which, even though they might get consumed, PMs generally are viewed as) typically go through extended lulls of flat market trading, followed by something that triggers a huge bull run (500%+ gains) and collapse (70%+ losses), then a return to the flat market trough. Sure, I might be wrong and history might decide to change or the investor sentiment of PMs might change them into consumed commodities, but I doubt it. We've likely settled into a flat pattern. If you want to acquire, I wouldn't DCA. If you can afford to tie up your money in PMs for another 20+ years, go right ahead. No one is going to stop you. However, if you're using DCA as an acquisition technique, that typically means that you either have little capital to work with or you're incrementally building your entire portfolio. In either case, it may (likely will) behoove you to adjust your asset allocation to shift from non-consumed commodities to consumed commodities. While gold/silver will initially rise in tandem with oil due to sympathy, that usually stops once it's clear that oil has reached a new stability level. This is due to speculator sentiment that in short-run situations, oil can act like a non-consumed commodity. That said, in the long run, it's a consumed commodity. Now, all of THAT said, we've gone through deflation globally for the last five years or so. If you look at silver prices today, they basically reflect a $17-$19 level in 2012 basket of currencies. If you really are looking to park cash at negative interest rates, silver is fairly priced right now. I don't know enough about gold consumption at the moment to make the exact same claim, but my assumption has been this is the case. The above summarizes why I'm trying to acquire platinum and iridium. Both platinum group medals have very specific uses with minimal alternatives (palladium is toxic, and iridium's physical properties make it VERY useful in industrial applications).[/QUOTE]
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