Message:

<p>[QUOTE=&quot;Cloudsweeper99, post: 1094477, member: 3011&quot;]At the start of the gold and silver bull market, the driver was simply that the price of the metals had fallen below the cost of production.&nbsp; How many things could you buy at prices cheaper than the 1970s?</p><p><br /></p><p>After that, the &quot;early adopters&quot; jumped in because they could see silver inventories shrinking while demand rose.</p><p><br /></p><p>The next phase above $30 will either have to be driven by a Comex silver shortage and possible delivery default, or by investor speculation [which are closely related].</p><p><br /></p><p>All of the stories about inflation, debt, the Fed, etc... are interesting reading but aren&#039;t really the drivers.&nbsp; Maybe the will become drivers someday, but right now it&#039;s just filler for the business section of the newspaper.&nbsp; If I was 100% convinced of high rates of inflation, I would go to cash [with some PM holdings to balance it], wait for the inevitable market drop when the inflation became apparent, then purchase companies with high and growing earnings that don&#039;t require a lot of capital infusions to grow.&nbsp; That&#039;s the way you beat inflation.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in