PM companies are highly leveraged if I’m not mistaken. The concern is that cash will be worthless if the govt is overleveraged.
What you say about PM companies is true, in general. We are of course talking about their equity (stock) prices vs owning the physical metal(s). But your second sentence is not especially realted to your first sentence, at least as I read it.
What I was trying to say, and perhaps I wasn’t being clear, is that the gains the PM holder expects to make when “dollars approach being worthless” are perversely and paradoxically not in evidence. I think that one can “swoop down on bargains” in distressed situations, but one has to HAVE that purchasing power...and, as we are seeing, being locked up even in “safe” PMs isn’t the way to go, at least with more than a small fraction of ones’ assets. No. You need that PURCHASING POWER. Only ONE THING is purchasing power and that is green cash. It isn’t credit; you may not be able to get much credit during later phases of what we are going thru. It isn’t stocks; yes, you readily sell them for their liquidity, but of course only at badly depressed values. The logical conclusion: Cashola.