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<p>[QUOTE="InfleXion, post: 1185871, member: 29012"]If this happened I would just buy more <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> I don't think it will though. The article indicates the last 56 times silver had a run up like this it dropped 85%, but I doubt that any of those times included the percentage increase in monetary supply we've experienced over the current run. Sure, silver has far outpaced CPI, but it's pretty consistent with the actual increase in monetary base at today's prices, which is what I would expect an inflation hedge to do. There's global demand like never before in an age of instantaneous data flow, industrial and medicinal uses that can't be replaced without loss of quality, and the amount of above ground available silver is the lowest in 700 years. US reserves are listed as depleted. If existing supply plus new mining efforts can't keep up with demand over the last 10 years, or the last 50 even, how exactly can mining do it by itself as demand continues to rise? Then again, supply and demand are easily influenced by large wallets these days so anything is possible.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1185871, member: 29012"]If this happened I would just buy more :D I don't think it will though. The article indicates the last 56 times silver had a run up like this it dropped 85%, but I doubt that any of those times included the percentage increase in monetary supply we've experienced over the current run. Sure, silver has far outpaced CPI, but it's pretty consistent with the actual increase in monetary base at today's prices, which is what I would expect an inflation hedge to do. There's global demand like never before in an age of instantaneous data flow, industrial and medicinal uses that can't be replaced without loss of quality, and the amount of above ground available silver is the lowest in 700 years. US reserves are listed as depleted. If existing supply plus new mining efforts can't keep up with demand over the last 10 years, or the last 50 even, how exactly can mining do it by itself as demand continues to rise? Then again, supply and demand are easily influenced by large wallets these days so anything is possible.[/QUOTE]
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