That's actually a good point. When you speculate in precious metals (or any other commodity), you essentially invest in that medium and have to deal with the fact that it's value moves up and down. Why do investors invest in precious metals? To "hedge" themselves against depreciation in value of fiat currency. The dollar is looking scary (much like the EURO & many other currencies), so buying precious metals isn't really looking so bad in the long run.
Gold may rally above $1900 an ounce before the year is out!
http://fortressgoldgroup.com/commerz...0-by-year-end/Commerzbank Sees Gold at $1,900 By Year End