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<p>[QUOTE=&quot;doug444, post: 1568497, member: 38849&quot;]There is a group of international economists who define hyperinflation as ordinary inflation of 26% (or more) for 3 years in a row.&nbsp; The 26% increment happens to equal a doubling in prices over the same 3-year period.&nbsp; Multiply it out:&nbsp; 1.26 x 1.26 x 1.26 = 2.000</p><p><br /></p><p>I would point out, however, that there is a vast herd of unwashed and unsophisticated citizens who will worship cash, seek cash, hoard cash, and maintain bank balances in cash until the bitter end.&nbsp; They never saw a Federal Reserve note they didn&#039;t like.&nbsp; They will be screwed.</p><p><br /></p><p>They are cash-believers, who believe that despite the fact their cash is falling prey to rampant inflation, the government will somehow find a way to make things right.&nbsp; These are the folks who will sell bullets, food, and their tiny stash of gold or silver for CASH, given a dramatic spike in PM&#039;s.&nbsp; They might as well hoard Monopoly money.&nbsp; In the near term, the results of this mindset are unpredictable, and I believe we cannot count on gold and silver making consistent upward progress.&nbsp; But I buy some more on every downturn, and I expect the bottom of the current slump to stabilize around $28 to $28.50 per ounce.&nbsp; This is not original thinking, by the way, it&#039;s the composite prediction of a bunch of experts whose advice and commentary I trust.</p><p><br /></p><p>Since July 1, I have put up 27 lots of miscellaneous coins, and sold 11, which is respectable.&nbsp; My good buyers, want to know where your money went?&nbsp; Into silver dimes, so I can amuse myself both stacking and working on a set of Mercury Dimes (currently 58 different).</p><p><br /></p><p>If I were married, and had other people to look out for, I might not choose this path.[/QUOTE]</p><p><br /></p>

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