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<p>[QUOTE=&quot;medoraman, post: 4612373, member: 26302&quot;]IF anyone really cared about silver or gold. Why should an economy be tied to a commodity? If it were, why gold or silver? Why not the price of aluminum, or soybean oil, or pork bellies? All three of those have as much or greater claim to be important to the economy as gold or silver.</p><p><br /></p><p>I like gold and silver. That is why I am here. But false comparisons like this does not help anyone understand demand. Silver people like to say &quot;if everyone on earth wanted silver, there would not be enough for one ounce a piece&quot;. Maybe, but almost no one on earth WANTS an ounce of silver. Or gold. Take away the fact people know gold is valuable, and almost no one wants it. Only us crazy people here. </p><p><br /></p><p>Take away these red herrings, and its more understandable. PM is a contra asset for times when people expect inflation to erode their savings or earning potential IMHO.</p><p><br /></p><p>OP, I like to do two things regarding purchasing PM. First, I like to &quot;collect&quot; it. Buy it with an eye of enjoying the beauty of the coins, or collect them by date, etc. This way you get collecting enjoyment as an additional return. Heck, my world gold coins owe me nothing, since I have gotten &quot;collecting enjoyment&quot; out of them by owning them. If they sold for nothing I would be fine.</p><p><br /></p><p>Second, think about PM when no one else it. Over the last few years, (before Covid), I wrote here how I was buying gold because it was cheap and premiums low. I picked up a UHR $50 with all mint packaging, (pretty box), for melt. I stay away from the market when everyone is &quot;excited&quot;, and slowly buy for cheap when no one wants it. I am guessing in a few years gold will drift back down, and everyone will forget about it. THAT is when to buy IMHO.[/QUOTE]</p><p><br /></p>

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