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<p>[QUOTE=&quot;medoraman, post: 1609123, member: 26302&quot;]I agree short term anything is possible. I would say long term, though, PM could fail to keep pace with inflation due to one word: Oil. If oil prices stay lower, then the miners are making large profits and this encourages more production. </p><p><br /></p><p>US demand for oil from outside North America is going down quickly, and I believe this action could keep prices relatively in check.</p><p><br /></p><p>Never forget if you make 2% on PM in a year you have lost money. Since PM does not pay dividends of interest, (in fact costs you money to secure it), it has to go up by inflation just to stay even. This means at todays prices silver needs to go up about a dollar a year to stay even. Gold needs to go up about $50 a year to stay even. </p><p><br /></p><p>Please take this into account when you think how much &quot;profit&quot; you have made in PM. How much &quot;profit&quot; has there been in PM in the last two years? Looks to me like some sizable losses.....</p><p><br /></p><p>Again, I am absolutely not saying not to buy PM, just putting any &quot;gains&quot; into perspective. If silver is not $40 or more 10 years from now you have lost money.[/QUOTE]</p><p><br /></p>

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