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<p>[QUOTE=&quot;Cloudsweeper99, post: 1216835, member: 3011&quot;]I don&#039;t disagree that PM prices coud fall at some point, and probably will at some point.&nbsp; While a lot of things now are similar to the 70s, there are a couple of things that make it different.&nbsp; One is debt [I disagree that debt was a problem in the 70s -- at least in the USA] and the other is derivatives.&nbsp; The systemic risk is greater now than in the 70s.&nbsp; The problem is also a bit different.&nbsp; In the 70s, inflation was the primary problem, and tight monetary policy was the cure.&nbsp; Now, the debt and derivatives are the problem. and so far nobody to my knowledge has proposed a cure.&nbsp; None of the proposed spending cuts put even a dent in the deficit.&nbsp; And even a doubling of the current individual tax rates will not balance the budget.&nbsp; Derivatives are the accident waiting to happen for which there is no cure other than to ban them.&nbsp; So maybe this time around, PMs really do have their back to the wind for a considerably long period of time.&nbsp; We&#039;ll see.[/QUOTE]</p><p><br /></p>

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