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<p>[QUOTE=&quot;jolumoga, post: 1644289, member: 41780&quot;]Well, at least we found some common ground.&nbsp; :smile</p><p><br /></p><p>My point, which you agree with though grudgingly, is that we are living in bizarre economic times in which the laws of mathematics are thrown out the window.&nbsp; The fiat paper scheme, which the fiat bulls appear to support, is obviously not backed by math or logic -- the Fed just prints trillions of dollars, and journalists speculate on the creation of a trillion dollar platinum coin.&nbsp; </p><p><br /></p><p>So, in this environment, anything can happen.&nbsp; Silver may not reach $500 per ounce, though I think it will as all of this printed money seeks new sources of perceived growth.</p><p><br /></p><p>As for my knowledge of economics?&nbsp; I write about economics and get paid for it weekly, so while I&#039;m not a guru, I can probably hold my own on economics issues compared to most nickel- and copper-hoarders.&nbsp; </p><p><br /></p><p>Notably, I recently heard that the marginal cost of silver production is actually $30 per ounce, which implies the current price is below it.&nbsp; Either way, with the declining quality of mines and with the rising cost of fuel (this year is predicted to be the second-highest year ever), the marginal cost of silver production is bound to rise significantly over the next decade or two.&nbsp; So bear in mind that this cost is a moving target, and the market adapts to future expectations.</p><p><br /></p><p>Anyway, I&#039;m not God, and neither is anyone in this forum, so we&#039;ll just have to wait and see over the next few years how silver and gold perform.&nbsp; I think most agree they will be significantly higher -- and yes, that implies many of today&#039;s numismatic coins will get melted.&nbsp; There will be a frenzy of melting.&nbsp; I expect there will be numismatic blowback! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie7" alt=":p" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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