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<p>[QUOTE=&quot;1970 Silver Art, post: 1000962, member: 18828&quot;]That is what most posters on this forum have in common.&nbsp; We have gold and silver.&nbsp; Outside of CoinTalk and other gold and silver forums , I do not tell anybody that I have PM&#039;s.&nbsp; Only my parents know that I collect silver art bars.&nbsp; I do not tell anybody else that I collect silver art bars because I am not comfortable with telling anyone that despite that fact that I sometimes post pics of a few of my silver art bars on this forum and post comments about gold and silver.&nbsp; If someone did ask me if I bought gold and/or silver, then I would just say &quot;What is that?&quot;. </p><p><br /></p><p>I heard this somewhere but I heard that only 2% of the U.S. population has PM&#039;s.&nbsp; I still think that a lot of people have no idea what, for example, a gold eagle looks like.&nbsp; As long as you have a majority of the U.S. population that either 1.) Does not know about gold and silver or 2.) Cannot afford to buy gold or silver, then both gold and silver still have a long way to go before there is any blow-off period in those metals.&nbsp; I could be wrong on this of course but this is just my take on this.&nbsp; </p><p><br /></p><p>People that have any gold jewelry or other gold and that also possibly follow the gold price might look at the all-time high in the spot gold price and say to themselves &quot;Hmmmmmmm............Looks like a good time to sell my scrap gold jewelry.&quot;.&nbsp; Other people that might say about gold and silver if they saw the prices might say &quot;Hmmmm........I am interested in gold and silver but it is too high so I will wait for it to go down.&quot;.&nbsp; If gold and silver still continue to climb higher, then the average joe six pack might finally break down and get gold (if they can afford it) because it is going up but at what price?&nbsp; $2000?&nbsp; $2500?&nbsp; More than that for gold?&nbsp; If not gold, then they will might silver (if they can afford it) but at what price?&nbsp; $30?&nbsp; $40? $50? More than that?&nbsp; By the time that gold and silver are in the news and everybody on TV and on the radio is telling you to buy gold, then that is , in my opinion, approaching a blow-off period in the metals prices.&nbsp; Think of about what happened during the late &#039;90&#039;s with the blow-off period in tech stocks.&nbsp; &nbsp; </p><p><br /></p><p>I have seen and heard, on a daily basis, radio and TV commercials about gold and silver BUT 99% of those commercials that I have seen on TV and heard on the radio are telling people to SELL their scrap gold and silver.&nbsp; I have seen very few commercials about BUYING gold and silver.&nbsp; Then again, I do not have full cable TV access, so I could be wrong on this too.[/QUOTE]</p><p><br /></p>

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