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<p>[QUOTE=&quot;medoraman, post: 1185529, member: 26302&quot;]At least this prediction is made by someone who has a little more training than many internet predictions, or predictions by PM firms who have a severe vested interest.</p><p><br /></p><p>I just see an awful lot of coins and bullion being sold. To me, a lot of these large purchases of ASE, AGE, and similar items are being bought by people who traditionally do not buy them. Since they are not long term holders, I am viewing all of these purchases as excessive inventory, and its just building higher and higher. If silver prices stay this long for another year you will have to start seeing industrial replacement of it as an ingredient, since it takes about that long for hedges to expire and alternatives to be put in place.</p><p><br /></p><p>$28 long term? Not a horrible number, especially in a few years worth of inflation. I would just point out if the economy can gather steam, or if another market sector, (any kind of investment, maybe playing the Yuan), takes off, this stockpile could pummel PM&#039;s, silver especially, short term.</p><p><br /></p><p>Seriously, look at the big picture, in the late 70&#039;s it was PM, in the 80&#039;s it was REIT&#039;s, in the 90&#039;s it was tech stocks, in the 00&#039;s it was housing, now its commodities. Can&#039;t everyone see there are just big piles of money moving around to whatever investment considered fashionable and &quot;hot&quot;? Ten years from now $28 for silver will be somewhat in line with historical pricing, so the guy simply did the same calc as I did a few months ago. Therefor, I agree its reasonable not being able to foresee the future.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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