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<p>[QUOTE=&quot;Cloudsweeper99, post: 550509, member: 3011&quot;]That kind of ignores the current environment with the government and Fed spending a trillion dollars a week.&nbsp; I&#039;m old enough to recall the 1970s when people thought $100 was unsustainably high, and people decided to wait until the price dropped, but it never did.&nbsp; I&#039;m young enough to recall people here at CoinTalk selling gold at $400 and silver at $7 with the intent to buy it back when prices fell, but they never did.&nbsp; I think a lot of people about 10 years from now will kick themselves for not buying and holding gold under $1000 and silver under $20.&nbsp; The economy might move in cycles, but currency debasement is a long term one way street.&nbsp; Now, the &quot;waiters&quot; have one thing going for them.&nbsp; The IMF keeps hinting that they will sell their gold hoard, and that could drive gold down a couple of hundred dollars for several months.&nbsp; It&#039;s the last large marketable hoard of gold left in the world.</p><p><br /></p><p>Time will tell.[/QUOTE]</p><p><br /></p>

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