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Message:: [QUOTE="NorthKorea, post: 1974454, member: 29643"]Crises cause short term spikes in PM prices, due to panic buying. Until utilities, credit card institutions, banks, and the federal government accept PMs for payment, we won't see a fiat collapse. An ebola outbreak in DC probably wouldn't do it. You'd need an event akin to: 1) Yellowstone exploding as a super volcano.2) A great flood or great drought in America's heartland, destroying all crops and rendering soil tainted for replanting. A similar outcome could be achieved by multiple nuclear meltdowns in the same region.3) A hacker shutting off or manipulating the banking or finance system. Short of something on that scale, we won't see a collapse in the dollar significant enough to sustain long-term PM values. That said, silver *is* under-priced relative to other PMs (gold, platinum, iridium, palladium), but more importantly, platinum is oversold relative to palladium (and gold to a lesser extent). We *should* see a reversal of this once the news agencies decide to stop covering the Palladium shortages in Russia. We'll likely see Palladium prices down near $700 per ounce by year end, and barring improved efficiency of Palladium use in catalytic converters, we'll likely witness $500 Palladium by the end of 2015.[/QUOTE]