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<p>[QUOTE=&quot;InfleXion, post: 1256810, member: 29012&quot;]Considering that the recent budget cuts put our debt projection for the next 10 years at $24 trillion instead of $26 trillion, I find it hard to see metals going anywhere but up over the long term unless something changes, which it certainly could. It appears that QE3 is being priced into the market due to the recent Fed comments and subsequent spike in prices this week, which would further dilute buying power as well as further inflate the bond bubble. As long as the debt remains unaddressed <b>and</b> monetary easing is in effect I believe we will continue to see 30%+ yearly gains in precious metals. If the debt is addressed, or if monetary easing subsides then I think we will see a deflationary scenario either way, or else hyperstagflation, but either way I still like the outlook for PM&#039;s because typically they still improve in buying power even as the price drops in such cases.[/QUOTE]</p><p><br /></p>

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