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<p>[QUOTE=&quot;medoraman, post: 1293295, member: 26302&quot;]Good questions Cloud. The one thing I would caution NOS about is getting hung up with nominal values. They can mess with your head, since humans are preprogrammed to lock in numbers in their head. </p><p><br /></p><p>What I am talking about, (I am sure most of you are wondering), is humans tend to &quot;learn&quot; what something is worth, and that number simply sticks. If you started buying silver 9 years ago or so you &quot;learned&quot; $9 was a fair price, and built your world view around that. I was guilty of it, buying all of mine around $4 and believing that was, while a good price, not unusual.</p><p><br /></p><p>The extreme danger of talking about what silver &quot;should&quot; be worth is that the number has to go up every year. We are not programmed to do that in our head, but its true. If we talk about $4 in 1992, well that was 20 years of inflation ago. Talking about $9 in 2002 was 10 years of inflation ago. This is not even getting to market manipulation, bank sales, increased demand, etc. Even if a person believed $9 was a fair value for silver 10 years ago, he would need to adjust that for inflation to even BEGIN to discuss what is fair today under current markets. Under such a scenario, even assuming 5% inflation, (I think that understates true inflation), your $9 is now $14.66 today. </p><p><br /></p><p>Don&#039;t know how much sense that makes, but there it is.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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