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<p>[QUOTE=&quot;desertgem, post: 3404259, member: 15199&quot;]Let&#039;s look at this random ( first that came up ) quote on silver in 2011.</p><p><a href="https://money.cnn.com/2011/04/25/markets/silver_gold_prices_record/index.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://money.cnn.com/2011/04/25/markets/silver_gold_prices_record/index.htm" rel="nofollow">https://money.cnn.com/2011/04/25/markets/silver_gold_prices_record/index.htm</a></p><p><br /></p><p>&quot;The metals are getting a lot of attention right now,&quot; said Terry Hanlon, president of Dillon Gage Metals, a precious metals trading firm based in Dallas.<span style="color: #ff0000"> &quot;We&#039;ll run right through $50 per ounce for silver any day now, and two months from now, we won&#039;t even remember it as a benchmark.&quot; </span></p><p><br /></p><p>Gold prices also continued to shine in record territory, rising 1% to hit a fresh intraday high of $1,519.20 an ouncebefore settling up 0.4% at a record close of $1,509.10 an ounce.</p><p><br /></p><p>Both gold and silver, which is often called the poor man&#039;s gold, have taken on the role of currencies as the dollar loses its luster and inflation fears run wild, said Hanlon.<span style="color: #ff0000"> He expects gold to top $1,700 an ounce and silver to reach $75 an ounce within a year. </span></p><p><br /></p><p><span style="color: #b30000">&quot;<span style="color: #b35900"><u><b>This is a huge safety play</b></u>,</span>&quot; he said. &quot;Investors can&#039;t sit on their cash anymore because the value of the dollar keeps deteriorating. </span><span style="color: #ff00ff">To offset that, they&#039;re parking money in precious metals.&quot;</span></p><p><br /></p><p><a href="https://money.cnn.com/2011/04/25/markets/thebuzz/index.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://money.cnn.com/2011/04/25/markets/thebuzz/index.htm" rel="nofollow">The dollar: 98-pound weakling of currencies</a></p><p>The dollar index, which measure the greenback&#039;s value against a basket of currencies, has fallen more than 6% in 2011.</p><p><br /></p><p><span style="color: #ff0000">A number of factors are driving investors away from the dollar and toward safe- haven investments such as gold and silver. </span>Among the reasons are deficit problems in the United States and Europe, and rapidly rising food and commodity prices, especially in emerging markets.</p><p>_____________________________________________</p><p><br /></p><p>I know several on this forum that really believed this, then. and of course today wish they hadn&#039;t &quot;<span style="color: #b300b3">parked their money in precious metals</span>&quot; as they lost big!</p><p><br /></p><p>Most hoarders of PM without definitive plans as to selling at set times or rates will continue to fall for the greater fool theory of continually rising bullion prices. If the amount is of no consequence if you lose the apparent gains in one bad crash of the bullion market, then that is probably OK for a person, but if they were planning on using it for a life changing purpose, it was probably a killer. Think the bullion dealers apologized???? </p><p><br /></p><p>I know people play the Lotto and such, but there the actual chances are known, and no one can say &quot;Park your money on the Mega, it is a huge safety play!.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

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