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<p>[QUOTE=&quot;WoodyWW, post: 1220526, member: 26001&quot;]Have you looked at charts of what silver did in the late 1970&#039;s, going from $4 or $5, to $48 I think, &amp; then back to $5? There are still people around who bought PM near the top back then, &amp; only in the last 3-4 years started to show a profit. I always think, in order to be a good investor, you have to have gone thru at least a couple of market cycles. If you&#039;re just going to buy whatever has already gone up the most, well, ask the people who bought real estate at the top.</p><p><br /></p><p>There are some who claim &quot;it&#039;s different this time&quot;, b/c now we have &quot;deficit spending&quot;, &amp; &quot;fiat currency&quot;. It&#039;s funny, those were 2 of the reasons why PM prices went nuts in the late 1970&#039;s.....G&amp;S were supposed to go up almost forever back then too....[/QUOTE]</p><p><br /></p>

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