I would be a little cautious about investing in PM's these days. The last two "panics" didn't pan out.
Pre- Y2K PM's were dead flat for years.
The 2012 end of the world predictions caused gold to spike at around 1900.00 USD /oz but once the moment of truth passed it dropped like a rock.
I suppose one opinion is the same as the next but it looks to me like we've hit the crest of the inflationary side of the recession and have entered into the deflationary phase.
It's a big IF
If we are going into a deflation then money will get harder to come by and prices will drop. That would include PM's and other commodities.
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