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<p>[QUOTE=&quot;WingedLiberty, post: 1168622, member: 26030&quot;]I enjoyed reading your analysis, palladium ... very interesting perspective.</p><p><br /></p><p>I agree that I dont really totally understand the price of gold either, except that gold has always been accepted as a store of wealth historically speaking. Unfortunately, it&#039;s a pretty metal that really doesnt have any use. That&#039;s why I prefer silver to gold -- I like that silver actually has industrial uses and right now I have about twice the dollar amt of silver as gold.&nbsp; </p><p><br /></p><p>One thing I think is true though ... gold trades like another currency (a hard currency).&nbsp; </p><p><br /></p><p>Silver is great because I think it has the &quot;store of wealth&quot; aspect (same as gold) as many societies used silver coins as well as gold coins, but has the industrial use kicker.&nbsp; </p><p><br /></p><p>As to why I think silver will broach $100 an ounce in a few years ... my basic reasoning is that the massive money printing, too low interest rates for too long, and massive debt ... will lead to marked dollar devaluation ... driving the prices of PM&#039;s (in dollar terms) higher.</p><p><br /></p><p>With huge multi-trillion dollar deficits, the govt has 3 choices:</p><p><br /></p><p>1. they can tax more (which is political suicide so few politicians want to do that)</p><p>2. they can spend less (don&#039;t hold your breath)</p><p>3. they can inflate the debt away </p><p><br /></p><p>Option 3 is the least polically dangerous (for now at least)</p><p><br /></p><p>Could I be wrong about this? Sure.&nbsp; However based on what I&#039;ve seen in this country over the past 10 years, I seriously doubt I will be wrong.&nbsp; But who knows really, that&#039;s what makes these discussions so interesting.[/QUOTE]</p><p><br /></p>

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