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<p>[QUOTE="Rono, post: 1703244, member: 6492"]Howdy folks,</p><p><br /></p><p>I view pm's very much the way that I think most of you do - at least by your comments. I see them as a store of value relative to the fiat currencies that are floating about the globe. Uncle Ben is printing greenbacks 'til **** won't have it and since the Fed was invented back 100 bleedin' years ago, the dollar has lost over 96% of it's value. 'nuf said. </p><p><br /></p><p>My grandkids have stuffed animals that they refer to as their 'bed buddies'. Well, my little bit of physical pm is My bed buddy. I know that at the end of the day, that ounce of silver and gold is worth an ounce of silver and gold. In ancient Rome they say a man could buy a nice toga and sandals for an ounce of gold. During the Roaring 20's a man could buy a nice suit of clothes for an ounce of gold. Today at $1500 or so, you can buy a nice suit of clothes. </p><p><br /></p><p>PM's should be a part of everyones wealth portfolio. Period. Let's say 5-10% - whatever floats your boat. I consider this to be an investment vs. a speculation. More than this core holding is speculation. You're playing the market. That's fine. It's just important that you know the difference. I played the Hunt Bros as old GI bill econ student but with 90% silver that I bought for face out of change. I've been playing this bull run since around '02. It started in '01 but with any serious trend you like to watch it develop. Geez, I bought Silver Wheaton in the 3's. That's speculation in a momentum investing way. </p><p><br /></p><p>However, owning stocks is still like going to the casino and playing blackjack. The stock market is very much stacked against us wee folk. feh. That said, you can still play it and win and even just simply use it as part of your overall wealth strategy. You just need to keep it in moderation and understand the rules and risks and costs. </p><p><br /></p><p>For now, anyone that doesn't think this market is an asset bubble predicated on QE1 . . .nth and stocks being the ONLY game in town . . . do you share your recreationals? The stock market is the only part of the economy that's doing well and it's only because of unlimited dollars chasing returns and no where else to go. Geez, that's the only reason the green back is doing so well relative to gold and all other fiat currencies . . . it's the least dirty pair of socks in the hamper. </p><p><br /></p><p>You still need to keep pm's in perspective and not get goofy. I read where the elder Baron Rothschild said that to survive tough times, you needed to keep 1/3 of your wealth in securities, 1/3 in real estate and 1/3 in rare art. [define rare art as you will but it's not beanie babies]. Run your numbers. I was 90/8/2 and almost blew chunks. 5 years later I'm 60/25/15 and feeling better. </p><p><br /></p><p>and so it goes,</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 1703244, member: 6492"]Howdy folks, I view pm's very much the way that I think most of you do - at least by your comments. I see them as a store of value relative to the fiat currencies that are floating about the globe. Uncle Ben is printing greenbacks 'til **** won't have it and since the Fed was invented back 100 bleedin' years ago, the dollar has lost over 96% of it's value. 'nuf said. My grandkids have stuffed animals that they refer to as their 'bed buddies'. Well, my little bit of physical pm is My bed buddy. I know that at the end of the day, that ounce of silver and gold is worth an ounce of silver and gold. In ancient Rome they say a man could buy a nice toga and sandals for an ounce of gold. During the Roaring 20's a man could buy a nice suit of clothes for an ounce of gold. Today at $1500 or so, you can buy a nice suit of clothes. PM's should be a part of everyones wealth portfolio. Period. Let's say 5-10% - whatever floats your boat. I consider this to be an investment vs. a speculation. More than this core holding is speculation. You're playing the market. That's fine. It's just important that you know the difference. I played the Hunt Bros as old GI bill econ student but with 90% silver that I bought for face out of change. I've been playing this bull run since around '02. It started in '01 but with any serious trend you like to watch it develop. Geez, I bought Silver Wheaton in the 3's. That's speculation in a momentum investing way. However, owning stocks is still like going to the casino and playing blackjack. The stock market is very much stacked against us wee folk. feh. That said, you can still play it and win and even just simply use it as part of your overall wealth strategy. You just need to keep it in moderation and understand the rules and risks and costs. For now, anyone that doesn't think this market is an asset bubble predicated on QE1 . . .nth and stocks being the ONLY game in town . . . do you share your recreationals? The stock market is the only part of the economy that's doing well and it's only because of unlimited dollars chasing returns and no where else to go. Geez, that's the only reason the green back is doing so well relative to gold and all other fiat currencies . . . it's the least dirty pair of socks in the hamper. You still need to keep pm's in perspective and not get goofy. I read where the elder Baron Rothschild said that to survive tough times, you needed to keep 1/3 of your wealth in securities, 1/3 in real estate and 1/3 in rare art. [define rare art as you will but it's not beanie babies]. Run your numbers. I was 90/8/2 and almost blew chunks. 5 years later I'm 60/25/15 and feeling better. and so it goes, peace, rono[/QUOTE]
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