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Wow. PM prices decreasing dramatically.
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<p>[QUOTE="PeacePeople, post: 1654419, member: 20082"]Why? I get it that you don't agree with his point of view, but that doesn't mean he needs help.</p><p><br /></p><p>In all honestly, I do believe there is a store of value in PMs, and that's one of the major reasons I buy and hold them. I also believe they are undervalued, and think I can come out ahead by holding them. Lastly, I use them as a savings account. I go about 25% of the year without any income, so I use them as a savings account. It's a whole lot easier to take cash out of a bank account than to sell some PMs, so I plan as best I can to sell when I know I'm going to need some cash and the price is in my favor. So far I have come out ahead, but I'm not naive enough to believe that will never happen, because I know that it could. (not saying I've never sold for a loss, but I haven't when I needed to cash in PMs for fiat)[/QUOTE]</p><p><br /></p>
[QUOTE="PeacePeople, post: 1654419, member: 20082"]Why? I get it that you don't agree with his point of view, but that doesn't mean he needs help. In all honestly, I do believe there is a store of value in PMs, and that's one of the major reasons I buy and hold them. I also believe they are undervalued, and think I can come out ahead by holding them. Lastly, I use them as a savings account. I go about 25% of the year without any income, so I use them as a savings account. It's a whole lot easier to take cash out of a bank account than to sell some PMs, so I plan as best I can to sell when I know I'm going to need some cash and the price is in my favor. So far I have come out ahead, but I'm not naive enough to believe that will never happen, because I know that it could. (not saying I've never sold for a loss, but I haven't when I needed to cash in PMs for fiat)[/QUOTE]
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Wow. PM prices decreasing dramatically.
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