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<p>[QUOTE=&quot;InfleXion, post: 1134690, member: 29012&quot;]I believe I am in the minority with this opinion, but as WingedLiberty also eluded to, I have been expecting a parabolic curve in precious metals since 2005 due to our monetary policy, and its impact on the inverse relationship between PM&#039;s and the US dollar (though there is a case to be made this relationship is tied more closely to the global economy than the USD recently).</p><p><br /></p><p>I wouldn&#039;t consider us near a high unless quantitative easing subsided, and the economy was stable enough to sustain very high interest rates for the forseeable future. Again, my opinion and speculation, but I do not expect the price to stop trending upward as long as the USD is not tied to gold or silver, and my expectation is that when the USD loses its place as the global reserve currency (the IMF is proposing SDR&#039;s [Special Drawing Rights - more paper money] as a replacement) that it will suffer and face an overhaul. Whether it might be replaced with a new currency, or if we decide to bite the bullet and implement a gold/silver standard with a weak dollar, PM&#039;s will be a better investment than paper in either case. If a PM standard is in place that would be the other scenario I&#039;d consider it a good time to cash in, but only if I needed the money personally.[/QUOTE]</p><p><br /></p>

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