Yup, I was never a PM head/goldbug. I considered it a store of value, just like any commodity.
But I did have a friend who bought silver coins and was stacking starting from 20-45 bucks an Oz averaging up.
As an observer, I can say that he was really gung ho on the "gold and silver are real money" mantra.... when prices were RISING.
He feels totally foolish now, simply because the price has Fallen.
I saw the same thing with people's "belief systems" as to how they justified high stock prices for companies that never made a profit ever during the dotcom
era when p[rices are RISING...everyone buys into the mantra. The reverse has proven to be so very obvious in their "beliefs".
Humans are capable of believing "ANYTHING" when they see a benefit (especially financially).
The same has occurred with cryptos. I won't touch 'em, never have , never will.
Oh btw.. aren't those cryptokitties pretty? People have gone INSANE !!! If people are willing to shell out $100K for a digital "toy", what will they pay for 'hot
momo stocks"? Check out this article.