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<p>[QUOTE=&quot;World Colonial, post: 2503200, member: 78153&quot;]The economy we have to day is unsustainable longer term.&nbsp; It is based upon perpetual increases in substantial amounts of artificial cheap credit and its counterpart, debt.</p><p><br /></p><p>I don&#039;t believe there needs to be a return to a precious metals standard (gold or silver) but don&#039;t consider it a given that there would be a shortage under one or a monetary system with multiple options as money.&nbsp; The only reason there would be a &quot;shortage&quot; of circulating currency or &quot;money&quot; in today&#039;s economy is because a money supply which isn&#039;t infinitely flexible (in other words, expanding) cannot service a correspondingly perpetual increase in debt.&nbsp; However, perpetually increasing debt isn&#039;t necessary for any economy or prosperity.</p><p><br /></p><p>I own some silver but it isn&#039;t material to my financial position.&nbsp; I don&#039;t consider it a monetary equivalent to gold but there are plenty of people elsewhere (especially the &quot;developing&quot; world) who do.</p><p><br /></p><p>I am still bearish on its USD price and still believe it will fall below the recent $13.91 low and possibly below $8.39, the October 2008 low.[/QUOTE]</p><p><br /></p>

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