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<p>[QUOTE=&quot;desertgem, post: 1360240, member: 15199&quot;]I certainly do not think that the increase in PM ( even over the past decade) has been due to supply/demand. The PM &quot;herd&quot; drones on and on also. 10 years ago, even 5 years ago, PM had few bullion dealers, few gold ETFs, few bullion forums, etc. Now you have 2 or 3 Section A pages of metro newspapers with gold buyers.&nbsp; Yes, I think that herd mentality is pushing the trend, even more than stocks. Of course no one wants to think they are part of a herd, but most who decides to &quot;invest&quot; in gold today is not doing it because of supply/demand , they are doing it because many others are doing it, and they think they will get rich(er). Gold/silver ratios, protecting wealth, End of the world as we know it, Chinese take over of financial systems, etc, all with little to no basis are the whips on the herd.</p><p><br /></p><p>Don&#039;t get me wrong, money is made on volatility, but when we start thinking there are sound reasons for PM continuing in the far future, we make a bad assumption. IMO as I am sure many will not agree.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

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