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<p>[QUOTE=&quot;desertgem, post: 1095949, member: 15199&quot;]I don&#039;t disagree on the relationship of inflation or the expectation of inflation or hyperinflation to the price of precious metals, but I am not sure that it necessarily bodes well at this level. My feeling is that even high inflation has been already figured into the price from the 2007 level low of $ 641 when the price began its strong drive to 1430+. Political unrest aside, the decline of PM prices recently reflected some factor being lowered in the minds of the seller. Perhaps better economic expectations, increase in dividends, etc. I am not beyond thinking that gold may break 1500 or more for a while this year, as world events are hard to predict, but I have the odd feeling that many who hold PM, have no consideration of trading it through the year, they are buy and hold people, and that many have a more than an advisable amount of their investments in PM. My estimations are that the basic price of the metal should be about 1000-1100, the rest is factors already built into the current price. </p><p><br /></p><p>I know many might disagree, and that is OK, as any one who tells you they know things for a near certain outcome are either lying or deluded. The thing that prompts me to post a cautionary side, is that each time gold takes a pop up, the bullion threads have scores of new people wanting to know where to buy PM, and some are making hasty decisions, and overwhelming encouragement only acerbates their decisions. AIMO.</p><p><br /></p><p>Jim </p><p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>

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