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<p>[QUOTE=&quot;medoraman, post: 1734003, member: 26302&quot;]So on topic, I was reading an article about Anglo&#039;s new iron ore mine in Brazil. In the article they documented some examples of &quot;mining inflation&quot;. Things like a hauling truck costing more than double today than in 2007, wage increase demands going up 20% annually, and the like. These kind of large price increases, well above inflation in most countries, is the basis why I believe you cannot simply take pm prices from 2000 or 1990 and adjust them for inflation. I believe the costs have gone up considerably more than regular inflation.</p><p><br /></p><p>So, from my point of view, I simply do not see how silver can be much cheaper than $15 or gold $1000 long term, (unless of course major cost inputs like labor and oil crash downward). Short term, yeah, markets swing too far usually, but pm is simply getting down to price points, (market prices, maybe not premiums yet), I am comfortable buying for long term holding again. Even better would be if I could buy interesting numismatic items like &quot;junk&quot; world silver and gold. </p><p><br /></p><p>Anyway, the article was in the WSJ a few days back if anyone with subscriptions wants to read it. I thought it detailed fairly well the ballooning costs of new ore in today&#039;s environment of high oil, high wages, and ever greedier governments.[/QUOTE]</p><p><br /></p>

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