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<p>[QUOTE="krispy, post: 933430, member: 19065"]PM stocks are not only stocks. They may certainly be company stock in a mine or refinery, or a mutual fund composed of various compnay stocks, but an ETF is not a stock either, rather a type of mutual fund which is traded on a stock exchange. A PM ETF is a fund traded on a stock exchange and backed by physical bullion and you should check the inventories of any PM ETF you are invested as they publish lists of their physical holdings, if they don't own any holdings of physical PMs then you shouldn't own it. Being diversified in investments is prudent advice if considering the above just as you should get diversified if you have all your eggs in one basket and are only holding PMs as a hedge against inflation or as a store of wealth. If you only hold physical PMs you're isolated from investment potential. Each person must define their own goals. I think we know yours but we don't know Joey's and your insistence on your stance and penchant to convince others to agree with you isn't appropriate for every other individual investor. I was merely pointing out various options for the OP as have you willing given yours. I have defended mine and you yours.</p><p><br /></p><p>BTW: Colloidal silver is certainly extracted from metal and it is suspended in water for applications but that process is a far cry from your stash of PMs that you think are going to be in demand when the companies that create and/or use these materials need them. They will be realizing their profits from products sold to consumers made from the metals if/when the time comes. The amount of metals they need to produce these solutions and products made from precious metals may be in far less demand than you are willing to supply the market... and when you sell those holdings 'for industrial use' you will be accepting in return the same fiat slave currency you preached against earlier.[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 933430, member: 19065"]PM stocks are not only stocks. They may certainly be company stock in a mine or refinery, or a mutual fund composed of various compnay stocks, but an ETF is not a stock either, rather a type of mutual fund which is traded on a stock exchange. A PM ETF is a fund traded on a stock exchange and backed by physical bullion and you should check the inventories of any PM ETF you are invested as they publish lists of their physical holdings, if they don't own any holdings of physical PMs then you shouldn't own it. Being diversified in investments is prudent advice if considering the above just as you should get diversified if you have all your eggs in one basket and are only holding PMs as a hedge against inflation or as a store of wealth. If you only hold physical PMs you're isolated from investment potential. Each person must define their own goals. I think we know yours but we don't know Joey's and your insistence on your stance and penchant to convince others to agree with you isn't appropriate for every other individual investor. I was merely pointing out various options for the OP as have you willing given yours. I have defended mine and you yours. BTW: Colloidal silver is certainly extracted from metal and it is suspended in water for applications but that process is a far cry from your stash of PMs that you think are going to be in demand when the companies that create and/or use these materials need them. They will be realizing their profits from products sold to consumers made from the metals if/when the time comes. The amount of metals they need to produce these solutions and products made from precious metals may be in far less demand than you are willing to supply the market... and when you sell those holdings 'for industrial use' you will be accepting in return the same fiat slave currency you preached against earlier.[/QUOTE]
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