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<p>[QUOTE=&quot;iPen, post: 2191599, member: 69760&quot;]Yes, I&#039;ve seen footage of Greeks waiting in line at banks. There is certainly a liquidity crisis in Greece, so silver would not be an effective short run investment for Greeks. So, sure, cash is king for a bit, just as in most recessions since you need cash to survive. </p><p><br /></p><p>But, trust and distrust of the Euro is all about perception, with or without reason. So, let&#039;s say there&#039;s mass panic in China now. Or, mass panic develops later in Europe because of what people perceive of either or both markets. Won&#039;t there be a move towards buying silver now as a forecast? If Greece drops the Euro, then what does that say about the safety and &quot;legitimacy&quot; of adopting the Euro, and its consequent <i>perception</i> of the Euro, despite the other Euro nations&#039; more stable economies? </p><p><br /></p><p>And, Greece&#039;s demand on the Euro may mean a rise in the Euro prices, but its magnitude on the value of the Euro may be overstated (though not negligible), since Greece is a relatively smaller economy than that of other Euro countries. And, what of massive holdings by wealthy Greeks and commercial entities? Would they just leave their cash in foreign currencies or Euros, or would they settle for a less risky asset like silver or gold<i> now</i>.</p><p><br /></p><p>If silver drops in price in the coming months, sure wait until then to buy, but shouldn&#039;t silver prices increase in greater magnitude in the months that follow? Even if you buy now, silver may be projected to rise in price; whereas, buying silver later may mean lower prices, but only for the short term as a more volatile rise may ensue and one may end up paying higher later if the timing&#039;s not right. And, what if the Chinese markets mean a higher price of silver today? Then, silver prices will only continue to rise in the short run. So, I can see it going both ways.[/QUOTE]</p><p><br /></p>

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