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<p>[QUOTE="desertgem, post: 2028019, member: 15199"]You have been at it for a long part of the cycle, but this seems to be a serious scenario. Rather like a superstorm where several large situations are joining together, and if they do, it could be quite a while before it corrects. The ones who left before the superstorm hit survived better than those determined to stay the tide. As I remember the Swiss were the last to give up backing their money by precious metal, and to leave it up to a referendum vote instead of just doing it, is significant. If the vote goes ~no~ to buying 1500 tonnes of gold, watch the price of gold dump, taking silver along with it.... for an extended period of time.</p><p><br /></p><p>The good news is that now gas is affordable enough to make up some difference for probably the same length of time. 99% of the US will be cheering the lower gas price and caring little for the decrease in the price of PM except for that melted into jewelry.[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 2028019, member: 15199"]You have been at it for a long part of the cycle, but this seems to be a serious scenario. Rather like a superstorm where several large situations are joining together, and if they do, it could be quite a while before it corrects. The ones who left before the superstorm hit survived better than those determined to stay the tide. As I remember the Swiss were the last to give up backing their money by precious metal, and to leave it up to a referendum vote instead of just doing it, is significant. If the vote goes ~no~ to buying 1500 tonnes of gold, watch the price of gold dump, taking silver along with it.... for an extended period of time. The good news is that now gas is affordable enough to make up some difference for probably the same length of time. 99% of the US will be cheering the lower gas price and caring little for the decrease in the price of PM except for that melted into jewelry.[/QUOTE]
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