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<p>[QUOTE=&quot;JCB1983, post: 1429732, member: 23885&quot;]I simply asked about investing in PM&#039;s and mentioned some of my reasoning behind it.&nbsp; Do you find his advice as accurate or is he just blowing steam?&nbsp; What is he getting at?&nbsp; </p><p><br /></p><p><br /></p><p><span style="color: #008000">(joeyV)</span></p><p><span style="color: #008000"><br /></span></p><p><span style="color: #008000">What are you trying to accomplish?</span></p><p><span style="color: #008000"><br /></span></p><p><span style="color: #008000">First off there are only three (or perhaps four) precious metals that are traded - gold, silver, platinum and possibly palladium. Copper is not a precious metal ($3/lb) so anybody who is telling you that copper is a precious metal is an idiot and not worth lstening to for more than time of day. Buying any other metal besides these is deeply nuts unless you are a pro buying an enormous pile.</span></p><p><span style="color: #008000"><br /></span></p><p><span style="color: #008000">Second, all of these are wildly volatile investments. Buying them as your primary investment is nuts. </span></p><p><span style="color: #008000"><br /></span></p><p><span style="color: #008000">Third, buying them &quot;long-term&quot; is just stupid - they have been going down steadily in value for 1000 years. The recent blip up is a blip unless you believe that a 1000 year trend has reversed for some whacko reason (all the reasons are wacko - like Armaggedon is going to happen and kids with bags of silver are going to save the day).</span></p><p><span style="color: #008000"><br /></span></p><p><span style="color: #008000">Edit: If you really want to make money, you will bet me that you know more about economics or economic history than me. I&#039;ll bet $1000 at 100:1 odds. If you think the US is anything like Weimar,then you know nothing and shouldn&#039;t be managing your own money. Ditto for Greece. Neither of those countries was remotely in control of their own money - Greece because it was a small insignificant country with an external currency and Weimar because of the wildly oppressive treaty of Versailles that let them keep nothing. Inflation is very healthy if kept at a reasonable level. US inflation is very light and healthy. The Fed has a $3T balance sheet. $3Trillion. That&#039;s $3,000,000,000,0000. That is wildly different from Greece or Weimar where their central banks had nothing. If you don&#039;t know how the size of a central bank&#039;s balance sheet affects their ability to control inflation better go read up. </span></p><p><span style="color: #008000"><br /></span></p><p><span style="color: #008000">In the meantime - about that bet? Let&#039;s do it - you could make some good money if you knew something.</span>[/QUOTE]</p><p><br /></p>

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