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<p>[QUOTE=&quot;Gam3rBlake, post: 7337197, member: 115909&quot;]You’re forgetting about a little thing called inflation.</p><p><br /></p><p>By your logic if we were having this discussion in 1921 when silver was only about $1 an ounce you would say it’s a fools errand to buy silver and expect it to surpass $8 an ounce because there is still plenty of silver unmined.</p><p><br /></p><p>Also just because silver is unmined doesn’t really matter. If it’s not profitable to mine it no one will mine it even if it’s there. Or if demand far outstrips what’s being mined the price will rise too.</p><p><br /></p><p>But as time has shown silver did not stay at $1/oz. It didn’t just rise to $8/oz. It’s up to $23/oz.</p><p><br /></p><p>I buy silver &amp; gold as a hedge against inflation. If tommorow the dollar lost 50% of it’s value all my cash would now only be worth half as much.</p><p><br /></p><p>But my gold wouldn’t go down with that. Gold wouldn’t suddenly be half price. Instead the price would double to match the same “value” that it used to have.[/QUOTE]</p><p><br /></p>

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