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<p>[QUOTE=&quot;InfleXion, post: 2237962, member: 29012&quot;]Cost of production is closer to $20 so you&#039;re still getting a steal at $15. Silver is a longterm investment that will not reward investors until the dollar is replaced by a more trustworthy currency. As it stands, what we call dollars (which are not dollars by the letter of the law) are debt backed and are not even adequately defined by any active law (since the gold window was closed). Precious metals are a bet that this debt bubble is unsustainable. Metals are the true definition of a dollar, and they will need to return to that role in order to grow your buying power, because as long as currency can be printed from thin air it will be used to control markets to make precious metals look like an unattractive investment. Consider it a buying opportunity, and start measuring your wealth in ounces instead of debt if you want to be ahead of the curve.</p><p><br /></p><p><br /></p><p>The lack of a rate hike means a few things.</p><p><br /></p><p>1) Interest rates are staying at zero for the time being. Cheap money is still on the menu. The lower the interest rate, the more money that intermediary banks can make on re-loaning (arbitrage), and the less that existing debt costs to pay back. The punchbowl is still being spiked, and as long as that is the case people are happy to keep betting in the casino to drive prices up.</p><p><br /></p><p>2) The Fed is admitting that the global economic slowdown was cause enough not to raise rates because their targets have been met for unemployment (which is cooked, unlike the population to employment ratio) and inflation (also cooked, not true CPI numbers like in the 1980s). This tells the rest of the world that the global economy is not stable, and bolsters the fear trade in gold in silver.</p><p><br /></p><p>3) The Fed is losing credibility by not raising rates when they said they would, and continuing to postpone. The whole fiat currency experiment they are running is dependent on their credibility, because in the absence of being able to repay your debts in gold, credibility is the only thing backing your currency. This bolsters precious metals which are real money (and thus in competition with fiat currency) as the Fed is eroding confidence in the USD by not keeping their word, and this also adds to the fear trade.[/QUOTE]</p><p><br /></p>

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