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<p>[QUOTE=&quot;medoraman, post: 8266189, member: 26302&quot;]Fair point. I considered it, but humans have not mined a large percentage of gold on earth yet. If we had already mined 50% it would be more of a concern. </p><p><br /></p><p>I am on record here repeatedly saying PMs long term price is up due to it being measured against an intentionally depreciating currency. Currency is not the way you are supposed to hold USD if you wish to hold them, they should be in treasury instruments that bear interest. Therefor, every year you have more of them, so you net buying power is roughly equal over time. Same for pm, buying power should be roughly equal over time. So, I know the long term trend has to be higher, but I am just saying there are billions of variables at play here, I am not smart enough to know what will happen, but at least some scenarios would lead to $1100-1300 gold 5 years out. Maybe not a majority, but some, so therefore I simply would not say it cannot happen. It could, just not likely and less likely each year.[/QUOTE]</p><p><br /></p>

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