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<p>[QUOTE=&quot;InfleXion, post: 2238513, member: 29012&quot;]The bull run started 9 years before ZIRP/QE, and the economy is pretty much back where they were in 2008 which shows that ZIRP/QE doesn&#039;t work (admitted by St. Louis Fed VP last month), and it certainly isn&#039;t what kicked off this bull run. Now due to all that coerced inflation by central banks around the globe pushing markets away from equilibrium we have immense global deflationary pressure, which means the Fed is darned if they do and darned if they don&#039;t, because doing nothing means more deflation in the nearterm, printing money and QE means creating more artificial inflation and exacerbating the fundamental debt problem, and raising rates makes the existing $18 trillion in debt that much more expensive to pay back. They have no good option any longer. Precious metals are the ultimate extinguisher of debt and will hold their value in a default scenario. Precious metals are money, and they are the true bellwhether of the economy which is why they tanked before everything else and have been rangebound for 6 months. Now the rest of the economy has caught up, and central banks have no recourse. The junk silver situation is just one of many canaries in the coal mine.</p><p><br /></p><p>It doesn&#039;t matter if mining supply meets industrial demand. Are you actually assuming that people will sell enough of their investment silver to meet total demand? Sure there are people who sell for a loss occaisonally, but that&#039;s not the norm, and the only way that investment silver will come to market in any substantial amount is if the price goes up. Just because it&#039;s out there doesn&#039;t mean people are willing to sell it. Considering that there is only 200 MOz of silver on the open market, it would only take $40 billion to cause a shortage at current prices, a drop in the bucket. I am not saying a shortage will happen, simply pointing out how precarious the situation is.[/QUOTE]</p><p><br /></p>

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