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<p>[QUOTE=&quot;krispy, post: 1015199, member: 19065&quot;]And yet it&#039;s fiat currency you currently use to buy your PMs... it&#039;s fiat currency your sellers and dealers accept and it&#039;s fiat currency that is used to express the value of your PMs...</p><p><br /></p><p>True</p><p><br /></p><p>And when you sell you will be doing so in trade for fiat currency, the fiat currency you suggest no one have faith in, because despite your advice against it you stated you will still accept fiat currency when you <i>NEED CASH because of an emergency</i>... not PMs for an emergency. Funny how you guys work.</p><p>You might make some money, some fiat money, a profit taken in fiat currency. Risk is a huge factor in PMs. It can and often is greater than risks in other investments, especially long term value investing. It appears you are looking to profit in the form of fiat currency from this run up above the reason of using PMs for wealth preservation. I&#039;d say you run a serious risk of failure attempting to capture such profit before the peak and this risk is huge because you will find it exceptionally difficult to find buyers when the time comes, especially if you are only willing to do <i>parking-lot</i> style transactions hoping avoid fees and taxation on selling PMs.</p><p><br /></p><p><br /></p><p><br /></p><p>You can sit tight and you probably will. Do you have 20, 30 or more years of life left in you to do so? You may need to wait another 30+ years to get back to the point you got in, in which time you have a loss of TIME not just the value you paid for those PMs in fiat currency. You may need that lost value in the form of cash in an emergency while you are waiting to regain your loss. Should you be forced to sell in that time in case of emergency, you will loose, plus you get the reminder of how much you lost, in fiat currency.</p><p><br /></p><p>It&#039;s easy to say &#039;if PMs drop to a certain price you&#039;ll buy like mad&#039;, and again this implies you will do so in fiat currency, but there&#039;s no certainty you will have access to the fiat currency needed to so at that future time any more than you can now rationally say why PMs would again drop that low... but one thing it would suggest is that the currency you disdain, had incredibly gained in strength from its current value.</p><p><br /></p><p>It&#039;s easy to hate on fiat currency but ironic how all of your comments are contradicted by your very need for that same currency.[/QUOTE]</p><p><br /></p>

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