There has been a lot of time and energy spent on FOREX trading. Some people apparently have done well with it.

However, given all currency is fiat, and all are going down in value, isn't this like trying to make a little from jumping based on your predictions of the rate that ships are sinking?

How is this superior vs trading between the various precious metals -- objects that actually exist in the physical world, and tend to hold value over time? Between islands vs sinking ship?

Unless someone has an advantage in knowing about future political and financial directions of various nations (which some do), I just can't see the advantage of "FOREX" trading.

Anyone care to offer up an argument on how their FOREX trading can bring more profit than PM trading? (Note - PM trading in ETF -- I get how the premiums on physical trading can be to high).