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<p>[QUOTE=&quot;Rono, post: 2274247, member: 6492&quot;]Howdy folks,</p><p><br /></p><p>Nice discussion.&nbsp; Here in the states (and elsewhere to a greater or lesser degree) we have this ongoing problem with Unfunded Liabilities.&nbsp;&nbsp; Most put it somewhere north of $100 Trillion.&nbsp;&nbsp; This is social security, all the federal trust funds, fed debt, pensions at all levels public and private, etc.&nbsp;&nbsp; There is no way for them to cover this tab so they are forced to either deflate the currency and break promises or both.&nbsp; They&#039;ve been doing both.&nbsp; Since the QE cycle started, it was estimated that they were going to have to halve the value of the dollar over the next decade or so (about half way thru and this is started with a dollar that is only 4% of what it was in 1913) and break any and all promises they can politically get away with.&nbsp; Now the trick is that they&#039;re doing this while trying NOT to implode the dollar and entire financial system.&nbsp; You place your own odds on their potential success or failure.</p><p><br /></p><p>Now whilst this is going on here stateside - printing money like drunken sailors, the dollar still is the int&#039;l safe haven - oh and currency of exchange - and most of the other currencies look much worse for various and sundry reasons.&nbsp; Cripes, the dollar is strong because it&#039;s the least smelling pair of socks in the hamper.&nbsp; With the dollar this strong and us stateside peeps eyeballing gold expressed in terms of dollars - gold and silver become cheap in relative terms. </p><p><br /></p><p>As for a hedge against inflation - sure that is once facet of demand but you&#039;ve got so many others such as:&nbsp; industrial, some country CB&#039;s, jewelry, dowry, survivalists, etc.&nbsp;&nbsp; In total this complicates the demand curve and places some fairly strong levels of support. </p><p><br /></p><p>Are gold and silver hitting bottoms?&nbsp; Geez, I have no clue.&nbsp; I do know that prices are becoming very attractive from a dollar cost average perspective to a stacker or acquirer. </p><p><br /></p><p>And I&#039;m still of the camp that everyone should have some percentage of their wealth in precious metals.&nbsp; You pick your comfort level.&nbsp; My grand kids had stuffed animals they called their &#039;bed buddies&#039;.&nbsp; Well, my wee stack is my bed buddy.</p><p><br /></p><p>peace,</p><p><br /></p><p>rono</p><p><br /></p><p><br /></p><p>I just ordered my 2016 silver crowns and whatnot.&nbsp; Great prices.[/QUOTE]</p><p><br /></p>

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