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<p>[QUOTE=&quot;medoraman, post: 26716829, member: 26302&quot;]Just not a fan at these yields. I think other alternatives might take some demand, especially considering the issuances needed in the next 5-10 years. To issue them the Treasury would need to raise yields, lowering the value of an existing one if you own it. So, buying a long treasury right now I believe is somewhat risky in that regard. Like everything in economics endlessly debatable, just like PM predictions. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>My overall bearish long term view of pm at these price levels is mainly from the fact of the huge price and demand push from copper. Most copper mines produce gold and silver, so I think the supply of both will go up pretty sharply the next 5-10 years,(maybe sooner), and that additional new supply will be bearish for a 10 year horizon IMHO. I have been around this game for over 40 years, and people who claim that they were &quot;right&quot; do so with no time horizon. In a fiat currency system prices will ALWAYS go up long term, but when is key. Someone saying I predicted $80 silver 15 years ago and doing so every year is not making a prediction, its a fact, but WHEN is the variable. I can comfortably predict $20 a pound copper too, but it might be 50 years, or 5, but it will happen someday. I can also predict a loaf of bread for $30 and a big mac for $50 with certainty if no timeframe is attached to it.[/QUOTE]</p><p><br /></p>

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