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Message:: [QUOTE="doug444, post: 1626032, member: 38849"]Not sure what chaos you're talking about.  At $20, a lot of weak hands would be forced out, but it's a paper loss for the stackers, unless they've figured out how to buy bullion on margin or by (ugh) credit card. Personally, I would sell my stocks and go ALL IN.  That's what I want to do anyhow, over time, but that price would force my action, for better or for worse.  I would have an absolute fire sale on CraigsList just to raise cash to hold in reserve.  That's the function of my stock account now, a source of instant liquidity, not for retirement, as I am already retired.   Turning my stock account into silver would satisfy me, I think, for the foreseeable future.  Despite my misgivings about the dollar and where it's going, I still want 20% of my assets highly liquid.  I'm going to need a different car one of these days, that's one reason; not a new car, maybe a 2010.  If European stock markets crash, or the Euro plunges, or a country or two dumps the Euro, you could very well see $20 silver, not on fundamentals, but on margin calls and other short-term pressures.  I would not expect $20 to last more than a month.  My only ongoing adjustments would be to cancel any travel plans, drive less, eat cheaper food, turn out more lights, and keep the house at 73 instead of 76, the kind of small economies that save you a couple of hundred a month. I think that, for some time, it would be VERY hard to sell coins and other collectibles. Once the liquidity crisis is over, I would never expect to see silver at $20 again.  Gold, I'm undecided; there's a big disconnect there, I need to read the gold bears' case.[/QUOTE]

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