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<p>[QUOTE=&quot;Juan Blanco, post: 1578984, member: 41665&quot;]I&#039;ll just take this opportunity to repeat my point that I think bullion &quot;investing&quot; is a zero-sum game. At the retail level, there&#039;s no real nor implied &#039;capital appreciation&#039; in PMs; it&#039;s WRONG to imagine otherwise. </p><p><br /></p><p>Sure bullion <u>can</u> be a great trade (if you buy at a steep discount, i.e. October 2008) and hold <i>until </i>a blow-off top.&nbsp; Otherwise, best case scenario, PMs pretty much just keep pace with inflation.&nbsp; It&#039;s really silly to imagine there&#039;s &#039;gain&#039; in this kind of trade, even though I agree most everything else might look even WORSE!&nbsp; If you bought in 2012, I suppose you&#039;ll be lucky to break-even. I very very much doubt you&#039;ll &quot;make&quot; money in PMs; johnny come-latelys almost never do.</p><p><br /></p><p>&nbsp;PMs are a &#039;radical&#039; paper hedge, prudent I think, but not &#039;money-making&#039; - sorry.[/QUOTE]</p><p><br /></p>

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