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<p>[QUOTE="InfleXion, post: 2970152, member: 29012"]Are you calling the Boy Scout Motto irrational? Always be prepared. Being unprepared is not very rational to me, regardless of any unpredictable future.</p><p><br /></p><p><br /></p><p>Precious metals are a hedge against inflation over a smoothed out timeframe. Something you can leave your grandchildren without having to worry about central bank policy or highly leveraged markets. If you're trying to get rich in one lifetime, then maybe precious metals aren't the best way to go. It's more of a keep what you earn type deal.</p><p><br /></p><p>Saying that you're afraid people are putting too much into gold doesn't make sense to me. You're afraid people will be able to keep what they earn? You're afraid people won't let other people play with their money? Maybe you're afraid there will be a bank run? I can't say I've ever met a single person who bought gold yet wasn't happy to have it, but then most people don't buy gold.</p><p><br /></p><p>What I'm afraid of is the lemming mentality in this thread.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 2970152, member: 29012"]Are you calling the Boy Scout Motto irrational? Always be prepared. Being unprepared is not very rational to me, regardless of any unpredictable future. Precious metals are a hedge against inflation over a smoothed out timeframe. Something you can leave your grandchildren without having to worry about central bank policy or highly leveraged markets. If you're trying to get rich in one lifetime, then maybe precious metals aren't the best way to go. It's more of a keep what you earn type deal. Saying that you're afraid people are putting too much into gold doesn't make sense to me. You're afraid people will be able to keep what they earn? You're afraid people won't let other people play with their money? Maybe you're afraid there will be a bank run? I can't say I've ever met a single person who bought gold yet wasn't happy to have it, but then most people don't buy gold. What I'm afraid of is the lemming mentality in this thread.[/QUOTE]
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