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<p>[QUOTE=&quot;medoraman, post: 1288516, member: 26302&quot;]Fair point sir, yet they can go to nearly zero. Not saying it will happen again, but $4 silver if you had bought in 1979 at $25 and factoring in inflation is about a 96% loss in value. To me losing 96% of my purchasing power is effectively zero. </p><p><br /></p><p>I believe PM has a place in a portfolio, but the danger with them is they have no return besides principal appreciation. This makes them different than many other investments. You are right they will sit on the bottom of the ocean or in the ground for eons and still retain value, but that doesn&#039;t do any good for the owner, right?</p><p><br /></p><p>Not disagreeing with you sir, just expanding on your point. PM is great as a contra asset to other assets, and have done great in that role the last 5-10 years. However, there will come a point at which their return is again substandard to traditional investments. That is fine with me, since they have done their job and evened out my portfolio&#039;s return. Is that point today, 2 years, 5 years away? I seriously do not know, I only know I am investing &quot;new&quot; money in other areas currently.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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