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<p>[QUOTE=&quot;kaparthy, post: 1948269, member: 57463&quot;]You are mistaken if you think that inflation is a mere 2% or less.&nbsp; The cost of gasoline at the pump has gone up 15% in the past six months. (<a href="https://www.aier.org/research/gas-prices-not-risk-growth" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.aier.org/research/gas-prices-not-risk-growth" rel="nofollow">American Institute for Economic Research here</a>.) The price of breakfast has increased 4% in a year, led by pork up 52% this year.&nbsp; (<a href="http://www.nytimes.com/2014/03/22/business/breakfast-items-lead-a-big-jump-in-food-prices.html?_r=0" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.nytimes.com/2014/03/22/business/breakfast-items-lead-a-big-jump-in-food-prices.html?_r=0" rel="nofollow"><i>New York Times</i> here.</a>) From January 1, 2010 to June 30, 2014, the National Debt rose from $12 trillion to $17 trillion, a 40% increase in 4.5 years. In 12 months from June 2013 to June 2014 the increase was 5% from $16.738 trillion to $17.632 trillion. (<a href="http://www.treasurydirect.gov/NP/debt/search?startMonth=01&amp;startDay=01&amp;startYear=2010&amp;endMonth=06&amp;endDay=30&amp;endYear=2014" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.treasurydirect.gov/NP/debt/search?startMonth=01&amp;startDay=01&amp;startYear=2010&amp;endMonth=06&amp;endDay=30&amp;endYear=2014" rel="nofollow">US Treasury Calculators here</a>.)</p><p><br /></p><p>Primary silver production accounts for only 30% of the new supplies. (<a href="https://www.silverinstitute.org/site/supply-demand/silver-production/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.silverinstitute.org/site/supply-demand/silver-production/" rel="nofollow">Silver Institute here.</a>) Copper mining is a large source of secondary silver and we live in an electrical age.&nbsp; Copper mining is sensitive to industrial demand, of course.&nbsp; But the third-largest secondary source is a gold mine in Mexico, <a href="http://www.silverdoctors.com/huge-by-product-silver-mine-losses-money/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.silverdoctors.com/huge-by-product-silver-mine-losses-money/" rel="nofollow">which lost money in 2013</a>.&nbsp; </p><p><br /></p><p>And then there is the naked short selling of silver futures by JP Morgan Chase, which everyone know about.</p><p><br /></p><p>Overall, there is only so much silver on Earth, only so much in the seas, the asteroid belt, and the universe.&nbsp; However, no limit exists on the zeroes you can put after the 1 on a paper promise.&nbsp; Long term, short term, the fundamentals never change.[/QUOTE]</p><p><br /></p>

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