Loading ...“That is a great topic of debate because I haven’t found pm’s to be a good insurance policy, nor have I slept well holding it – probably because I own too much.”
================================
This is exactly the kind of FUD (Fear, Uncertainty, Doubt) that the long Gold manipulation cartel intends and works to ‘sell’ as a prevailing attitude. Along with a strong dose of “normalcy bias” (Everthing is working OK) they hope to keep the game going as long as possible. But individually, we had each better have our own ‘exit strategy’ for when the game collapses… as it must, sometime.
So you have not found PMs to be a good insurance policy? Like Life Insurance, the covered is not around to judge if the policy was good or not at payout. We haven’t needed the gold insurance payout… yet.
I agree with Moggy and Portugeezer. I have long said that paper will burn. I got completely out of paper mining shares and began serious stacking of physical. It has been a good ‘savings account’ for me, as I am not adverse to spending a bit of it for emergencies. But if I have the excess cash, I would also ‘buy more’ for longer term holdings. Paper shares are the plague… built on that drug “Hopium” that someday your ship will come in. Nope… the control is total. And when the control ends, so does the system, and you will not get your investment returns.
Physical tightly held is your insurance against this end time collapse. It is coming. Who knows when? But it is coming.