Of course the metals stand in direct opposition, value wise, to fiat/soverign debt. Good to have some PMs to survive the potential collapse of currencies. The $ doesn't have to fail for the metals to skyrocket. Any of the industrial worlds curriencies going all the way south will start a run to PMs.

By Ambrose Evans-Pritchard, International Business Editor
Published: 6:31AM BST 08 Apr 2010
Sovereign debt crisis at 'boiling point', warns Bank for International Settlements

The Bank for International Settlements does not mince words. Sovereign debt is already starting to cross the danger threshold in the United States, Japan, Britain, and most of Western Europe, threatening to set off a bond crisis at the heart of the global economy.

Click here: http://www.telegraph.co.uk/finance/economics/7564748/Sovereign-debt-crisis-at-boiling-point-warns-Bank-for-International-Settlements.html