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<p>[QUOTE="Cloudsweeper99, post: 1221827, member: 3011"]There was inflation every year from 1980 to 2000, and the price of silver didn't rise. I don't think it is a sure thing that it will rise from here either. The continuation of high energy prices seems certain, but new discoveries, replacement by natural gas, deflation and recession might change that too for mining. Wage levels can fall. A couple of large new silver discoveries can change things. People forget that enormous debt levels aren't always inflated away. Sometimes they are defaulted[deflated] away. And so on...</p><p><br /></p><p>A lot can happen that would make silver prices lower a decade from now. People should at least know that and consider what they will do under those circumstances instead of considering $35 silver a sure thing. I still own silver and like silver, but I certainly don't consider the profit and loss potential any different than it is from certain common stocks that I like either. If you search back through some very old posts, you will probably run across a few by me stating that I though silver was virtually sure to rise back when it was in the $7-8 range, and some people disagreed. Now it is 5X higher, and earlier this year I actually sold some when it spiked up temporarily. If it goes back up and continues to trend up, I'll continue to gradually sell. I still think the probability of gain is greater than the probability of loss [otherwise I would bail out] but it's a closer call.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1221827, member: 3011"]There was inflation every year from 1980 to 2000, and the price of silver didn't rise. I don't think it is a sure thing that it will rise from here either. The continuation of high energy prices seems certain, but new discoveries, replacement by natural gas, deflation and recession might change that too for mining. Wage levels can fall. A couple of large new silver discoveries can change things. People forget that enormous debt levels aren't always inflated away. Sometimes they are defaulted[deflated] away. And so on... A lot can happen that would make silver prices lower a decade from now. People should at least know that and consider what they will do under those circumstances instead of considering $35 silver a sure thing. I still own silver and like silver, but I certainly don't consider the profit and loss potential any different than it is from certain common stocks that I like either. If you search back through some very old posts, you will probably run across a few by me stating that I though silver was virtually sure to rise back when it was in the $7-8 range, and some people disagreed. Now it is 5X higher, and earlier this year I actually sold some when it spiked up temporarily. If it goes back up and continues to trend up, I'll continue to gradually sell. I still think the probability of gain is greater than the probability of loss [otherwise I would bail out] but it's a closer call.[/QUOTE]
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