Message:

<p>[QUOTE=&quot;InfleXion, post: 1221554, member: 29012&quot;]You used to list the cost of production at $20, and more recently $25. How long until energy costs and dwindling buying power push that higher (not to mention silver scarcity)? That was a rhetorical question. Just saying that while I agree with your concept about cost of production being a worthy baseline I think that cost will continue to rise, and even if things revert to that level it doesn&#039;t mean that the price at that point will be what it would be today. Inflation is picking up in China, and we have yet to see the full effects of monetary easing in the US. If not for Euro weakness and world reserve currency status our buying power today would not be nearly as strong as it is.&nbsp; </p><p><br /></p><p>Last month the Basel BIS went against helicopter Ben&#039;s broken record policy and said interest rates need to be raised swiftly and significantly to stave off inflation which is bearish for PM&#039;s in the short to medium term, but as inflation picks up (and maybe more importantly as confidence is lost in fiat currency) that could very easily be overcome - assuming those things come to pass. </p><p><br /></p><p>Currency is a unique thing in that you can potentially have capital gains while simultaneously losing wealth. As per Mike Maloney, pricing things such as real estate and stocks in relation to gold instead of currency over the last century shows some very bullish trends for precious metals as the current ratios are still very skewed compared to the historical mean, and the direction where things are headed is clear in those charts. I only wish I had seen them 10 years ago! </p><p><br /></p><p>Personally I feel the risk in holding fiat currency is greater in the long run or I wouldn&#039;t be in metals to begin with, but you are right that there is no slam dunk in the Twilight Zone. Anyone who bases their financial security on the advice of strangers and not their own research is asking to get burned.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in