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<p>[QUOTE=&quot;RaceBannon, post: 1087686, member: 25357&quot;]This is recent correction is a buying opportunity. IMHO we haven&#039;t seen the end of the run-up in PMs yet. All the long term fundamentals/macro economic trends support a long term appreciation in gold and silver; to wit</p><p>--the growing middle classes in China and India will buy more of it as their disposable incomes increase. </p><p>--the US dollar will continue its devaluation as our government continues to print and spend money at astounding an rate.</p><p>--silver has many industrial applications which enhance its upside</p><p>--gold is still in very limited supply, if all the gold ever mined in the world were melted and poured into a mold the size of the Washington monument, it would fill just over 1/3. </p><p>Now if you want to buy PMs and sell them tomorrow, you could still lose your shirt. But I think PMs are a great long term investment, as long as you can hold onto them for a while.</p><p>&nbsp;</p><p>I suppose that makes me a 2.[/QUOTE]</p><p><br /></p>

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