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<p>[QUOTE="medoraman, post: 1867464, member: 26302"]One thing to remember long term. PM should go up with inflation generally. It may not help short term, and of course is not the main reason for daily price changes. However, Topcat thought in 1-10 years it will be above 30. I sure hope so if its closer to 10 years out. Even assuming 5% inflation, (and I am as leery of government inflation statistics as anyone), each year it should be going up $1 or more just to keep pace with general inflation. If not, it must be coming out of miners margins, which cannot be sustained forever. </p><p><br /></p><p>I know i am unusual here, but a way to look at pm is a zero coupon bond in many ways, with some useful side benefits if other markets get wonky. I am ok with that, I get to "play" with my pretty little zero coupons in the meantime. The main downside to pm is physical security and a gawdawful buy/sell spread from dealers in relation to any other investment.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1867464, member: 26302"]One thing to remember long term. PM should go up with inflation generally. It may not help short term, and of course is not the main reason for daily price changes. However, Topcat thought in 1-10 years it will be above 30. I sure hope so if its closer to 10 years out. Even assuming 5% inflation, (and I am as leery of government inflation statistics as anyone), each year it should be going up $1 or more just to keep pace with general inflation. If not, it must be coming out of miners margins, which cannot be sustained forever. I know i am unusual here, but a way to look at pm is a zero coupon bond in many ways, with some useful side benefits if other markets get wonky. I am ok with that, I get to "play" with my pretty little zero coupons in the meantime. The main downside to pm is physical security and a gawdawful buy/sell spread from dealers in relation to any other investment.[/QUOTE]
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