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<p>[QUOTE="medoraman, post: 1294285, member: 26302"]Just saying sir if everyone wakes up tomorrow and thinks, "hey, I am going to go buy an ounce of silver", prices will rise dramatically. If the next day they all decide to sell, then prices would drop. What happened for that one day was a bubble.</p><p><br /></p><p>I know we agree 80%, I simply wished to point out any asset can be in a bubble, though some may lead to a bubble more easily than others. I understand what happened to the Hunt's, (having lived through that time), but it still went up to $35 and gold to $800 without their help, and then crashed down afterwards. Gold going from $100 to $800 and then back to $300 isn't a bubble?</p><p><br /></p><p>I do not see PM in a "bubble", but do see non-traditional interest, which could have me concerned long term. Lots of non historical investors own physical silver today versus 10 years ago you must admit. What that means for the future remains to be seen, maybe more will buy driving prices higher, maybe some of these will sell driving them lower. I am simply sitting tight on my silver, (buying coins but not bullion), until I think I see something different.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1294285, member: 26302"]Just saying sir if everyone wakes up tomorrow and thinks, "hey, I am going to go buy an ounce of silver", prices will rise dramatically. If the next day they all decide to sell, then prices would drop. What happened for that one day was a bubble. I know we agree 80%, I simply wished to point out any asset can be in a bubble, though some may lead to a bubble more easily than others. I understand what happened to the Hunt's, (having lived through that time), but it still went up to $35 and gold to $800 without their help, and then crashed down afterwards. Gold going from $100 to $800 and then back to $300 isn't a bubble? I do not see PM in a "bubble", but do see non-traditional interest, which could have me concerned long term. Lots of non historical investors own physical silver today versus 10 years ago you must admit. What that means for the future remains to be seen, maybe more will buy driving prices higher, maybe some of these will sell driving them lower. I am simply sitting tight on my silver, (buying coins but not bullion), until I think I see something different. Chris[/QUOTE]
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