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Message:: [QUOTE="Morgan1878, post: 1085090, member: 17869"]With the overhang of national debt and the necessity to debase the U.S. dollar as part of the strategy to pay it off (other parts of the solution would include raising taxes and reducing social security and other benefits) the fundamentals supporting precious metals could be in place for years, perhaps decades. In the short term, PM prices have dipped as a result of the improved appetite for higher risk assets (viz. stocks). The extension of tax cuts and the 2% payroll tax rebate back to consumers will help prop up consumer spending through at least part of 2011, but like a sugar high, it will start to wear off later in the year. At this point, it will become apparent that there is a better than 50/50 chance that we will re-enter another recessionary phase in the economy. Unless I start to see some major improvement in employment figures and the housing industry, I will ride out any dips for the foreseeable future.[/QUOTE]