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<p>[QUOTE="Cloudsweeper99, post: 94464, member: 3011"]Speedy,</p><p><br /></p><p>I'll make another "fearless forecast" for you. Prices will continue to rise throughout your lifetime because of the inexorable inflationary policies of the Federal Reserve and Federal Government. This will include gold and silver coins. The depreciating fiat US dollar is one of the most fundamental truths in economics. And understand this for what it really means -- the dollar is depreciating in value every day. Everything doesn't go up in price every day, or even every year. But the view that things like the price of silver are cyclical and that price levels will repeat forever is just flat out wrong [or at least unlikely since everything is based on probabilities <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> ]. There is supposed to be a cycle between paper and physical asset bull markets that lasts about 18 years. The paper cycle is over and the physical cycle is in the early stages. I can't say whether this theory is true, but metal prices are going up and seem likely to continue up for years. Unless you've been through it before, it's almost impossible to believe or understand how powerful the upward move in metal prices can be. Now, this will be carried too far eventually. In the 70's silver went from $1 and change to $50 and fell back to $5. Maybe this time it will go from $5 and change to $200 and fall back to $25. Nobody knows. Just don't assume that what's happened for the last 20 years represents the outer bands of some range of prices that won't be exceeded during your lifetime. Look at coin prices in 1970 compared to 2005, and you will glimpse the potential for change in coin prices now and in 2040. Don't miss out on this opportunity.</p><p><br /></p><p>...now climbing down from the soapbox. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 94464, member: 3011"]Speedy, I'll make another "fearless forecast" for you. Prices will continue to rise throughout your lifetime because of the inexorable inflationary policies of the Federal Reserve and Federal Government. This will include gold and silver coins. The depreciating fiat US dollar is one of the most fundamental truths in economics. And understand this for what it really means -- the dollar is depreciating in value every day. Everything doesn't go up in price every day, or even every year. But the view that things like the price of silver are cyclical and that price levels will repeat forever is just flat out wrong [or at least unlikely since everything is based on probabilities :) ]. There is supposed to be a cycle between paper and physical asset bull markets that lasts about 18 years. The paper cycle is over and the physical cycle is in the early stages. I can't say whether this theory is true, but metal prices are going up and seem likely to continue up for years. Unless you've been through it before, it's almost impossible to believe or understand how powerful the upward move in metal prices can be. Now, this will be carried too far eventually. In the 70's silver went from $1 and change to $50 and fell back to $5. Maybe this time it will go from $5 and change to $200 and fall back to $25. Nobody knows. Just don't assume that what's happened for the last 20 years represents the outer bands of some range of prices that won't be exceeded during your lifetime. Look at coin prices in 1970 compared to 2005, and you will glimpse the potential for change in coin prices now and in 2040. Don't miss out on this opportunity. ...now climbing down from the soapbox. :)[/QUOTE]
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