Recent moves in precious metals make it look more and more like the 3 year PM bear market is over. But is a break-out coming? Many of our recent guests believe that it’s happening now. We’re not so sanguine, but we don’t really care all that much about it. We treat precious metals as the ultimate insurance policy, and save a small amount of our funds for a few speculative situations and leave it at that. Eventually all life insurance policies that are kept in force pay off. So look it as a life insurance policy on the dollar, with a substantial surrender value built in, and you’ll be just fine.
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