/biz/ - Business & Finance

Also, PM owners often assume that the general public would be sympathetic to them and this is not necessity the case at all putting it mildly.

It's not hard to imagine a future where smalltime owners of precious metals are often the targets of suspicion, ill-will and even outright hatred.

Governments will make the case that smalltime holders of precious metals are undermining faith in "money," and cynically profiting from the suffering and impoverishment of their fellow citizens. This narrative will be easy enough to promote, since it will unfortunately be true. You can say, "technically," but yes, it will be true, even if it is not their fault.

Owners of precious metals will plead that, "I was only forward-looking and prudent, surely I should be entitled to at least partially benefit from the shift," but the average person cannot be counted on to be remotely sympathetic.

And, perversely enough, the average person may even look at a suddenly wealthy or even just comfortable precious metals investor with a harsher eye than the actual super-rich (since the latter look different, have a different background, and may seem more entitled to their wealth).

On the other hand, to see an average person, seemingly no different from himself, spared hardship through what will seem a "random" choice that simply was not promoted by the mainstream at the time, may prove intolerable.

There will be a terrible danger of being neither rich enough or poor enough for the poor. The rich will be safely geographically separate from the mob, will you?

It's not hard to imagine a future where smalltime owners of precious metals are often the targets of suspicion, ill-will and even outright hatred.

Governments will make the case that smalltime holders of precious metals are undermining faith in "money," and cynically profiting from the suffering and impoverishment of their fellow citizens. This narrative will be easy enough to promote, since it will unfortunately be true. You can say, "technically," but yes, it will be true, even if it is not their fault.

Owners of precious metals will plead that, "I was only forward-looking and prudent, surely I should be entitled to at least partially benefit from the shift," but the average person cannot be counted on to be remotely sympathetic.

And, perversely enough, the average person may even look at a suddenly wealthy or even just comfortable precious metals investor with a harsher eye than the actual super-rich (since the latter look different, have a different background, and may seem more entitled to their wealth). On the other hand, to see an average person, seemingly no different from himself, spared hardship through what will seem a "random" choice that simply was not promoted by the mainstream at the time, may prove intolerable.

There will be a terrible danger of being neither rich enough or poor enough for the poor. The rich will be safely geographically separate from the mob, will you?