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This guy doesn't like precious metals.
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<p>[QUOTE="Tinpot, post: 1634665, member: 35836"]Yes, but some people are not intelligent enough to figure that out and do sit on big piles of cash because they think its safe. Sit on cash for 10 years and your real return is prob -50% if not worse in purchasing power.</p><p><br /></p><p>That is why the currency should be gold/silver, either or both. People would maintain their wealth by holding onto currency rather than losing it slowly over time through inflation. The only people benefiting from it are the bankers and the government, everyone else is getting screwed. (assuming they don't get money from the government, if they did then they are benefiting from it in a way)</p><p><br /></p><p>Obviously PM's are never going to be the highest returning investment in the world, if you can pick the right stocks that will always provide a better return. At times precious metals will outperform stocks as a general group though, and I believe that recent trend will continue for awhile longer at least.[/QUOTE]</p><p><br /></p>
[QUOTE="Tinpot, post: 1634665, member: 35836"]Yes, but some people are not intelligent enough to figure that out and do sit on big piles of cash because they think its safe. Sit on cash for 10 years and your real return is prob -50% if not worse in purchasing power. That is why the currency should be gold/silver, either or both. People would maintain their wealth by holding onto currency rather than losing it slowly over time through inflation. The only people benefiting from it are the bankers and the government, everyone else is getting screwed. (assuming they don't get money from the government, if they did then they are benefiting from it in a way) Obviously PM's are never going to be the highest returning investment in the world, if you can pick the right stocks that will always provide a better return. At times precious metals will outperform stocks as a general group though, and I believe that recent trend will continue for awhile longer at least.[/QUOTE]
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This guy doesn't like precious metals.
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