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<p>[QUOTE=&quot;stroligep, post: 1077276, member: 28684&quot;]I believe Patrick Heller is the one predicting $50.00.&nbsp; Coin Update publishes him a lot, but I think he is a gold-bug with ulterior motives, (motives he is probably blind to, to give him credit).&nbsp; Now, you may disagree with Paul Krugman politically, but Krugman&#039;s reputation rests on being correct.&nbsp; He says that people are overestimating the influence of the United States on gold and silver, (and other commodities). The reason for the prices, (in his opinion), is the burgeoning economies of China and India. </p><p><br /></p><p><a href="http://www.nytimes.com/2010/12/27/opinion/27krugman.html?_r=3&amp;ref=opinion" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.nytimes.com/2010/12/27/opinion/27krugman.html?_r=3&amp;ref=opinion" rel="nofollow">http://www.nytimes.com/2010/12/27/opinion/27krugman.html?_r=3&amp;ref=opinion</a></p><p><br /></p><p>If Krugman is right, then the prices of gold and silver should remain around the price band they&#039;ve been in.&nbsp; And in the long term, 5 - 10 years say, gold and silver prices should increase.</p><p><br /></p><p>But as far as silver running out? I believe this hits on the concept of &quot;Peaks&quot;. Peak oil, Peak copper, etc.&nbsp; When speak of such a thing you have to bear in mind that the real meaning is &quot;Peak under the current technology&quot;.</p><p><br /></p><p>As silver, (or other commodities), gets more scarce, the price goes up. Which leads to more money being spent on technologies to mine it in less accessible places.</p><p><br /></p><p>This is what is going on with deep water drilling for oil.[/QUOTE]</p><p><br /></p>

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