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<p>[QUOTE="HawkeEye, post: 3637613, member: 86305"]I would agree with your comments except for gold and silver. I believe they have the weight of history, rely on no algorithms, and are universally recognized as a measure of value. There is also a known scarcity issue which keeps supply under control. You don't see the central banks loading up on Bitcoin right now, they are loading up on gold.</p><p><br /></p><p>I am not some gold bug that is loading up on gold and silver expecting the end of the world, but I do think they have a place in a balanced portfolio whether it is in physical gold or the ETF. But then Warren Buffet does not like metals or Bitcoin, and he is a lot smarter than I am.</p><p><br /></p><p>As Curley said in City Slickers "The main thing is to remember to keep the main thing the main thing!" For me the "main thing" is long term investment not short term profits.[/QUOTE]</p><p><br /></p>
[QUOTE="HawkeEye, post: 3637613, member: 86305"]I would agree with your comments except for gold and silver. I believe they have the weight of history, rely on no algorithms, and are universally recognized as a measure of value. There is also a known scarcity issue which keeps supply under control. You don't see the central banks loading up on Bitcoin right now, they are loading up on gold. I am not some gold bug that is loading up on gold and silver expecting the end of the world, but I do think they have a place in a balanced portfolio whether it is in physical gold or the ETF. But then Warren Buffet does not like metals or Bitcoin, and he is a lot smarter than I am. As Curley said in City Slickers "The main thing is to remember to keep the main thing the main thing!" For me the "main thing" is long term investment not short term profits.[/QUOTE]
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