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<p>[QUOTE=&quot;Rono, post: 789251, member: 6492&quot;]Howdy,</p><p>&nbsp;</p><p>Everything I read has both gold and silver as your best hedge against deflation OR inflation.&nbsp;&nbsp; </p><p>&nbsp;</p><p>The 15-20 year cycle they talk about is for natural resources in general and including precious metals.&nbsp; It&#039;s because unlike a auto plant that can add another shift, in order to increase the supply of gold, silver, nickel, copper, iron ore, etc., you have to prospect, discover, assay, permit, develop, extract, refine, and market before supply increases.&nbsp; This is a long drawn out process historically, but worse today because all the easy stuff has been found.&nbsp; New sources of gold, just like oil, are few and far between and generally much more expensive to produce.&nbsp; </p><p>&nbsp;</p><p>The bull in pm&#039;s started in 2001/2 and most figure we still have another 6-7 years without anything weird happening.&nbsp; </p><p>&nbsp;</p><p>peace,</p><p>&nbsp;</p><p>rono[/QUOTE]</p><p><br /></p>

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