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.
It did not hold up in 08-09′ when the SM crashed, has not kept pace with inflation, and has generally underperformed every other asset class in the last decade.
So what are we taking about insuring against? A Venezuela, Zimbabwe type meltdown it probably would be great to have, perhaps just a currency meltdown?
The problem is that the USD is the world’s reserve currency, and to think that someday it will be removed may just be wishful thinking. What would it be replaced with? Rubles? Yuan? Yen? Euro’s? Doubtful because as big of a mess the United States is, the rest of the world sucks even more.
Please make the insurance case for the tent.