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<p>[QUOTE=&quot;Silvercoin29, post: 1289568, member: 33858&quot;]Hello,</p><p><br /></p><p>The ShadowStats inflation adjusted high for silver is over $300, but still short of $2,000 an ounce. Doesn&#039;t mean it can&#039;t go to $2,000 or $5000.</p><p><br /></p><p>The last number I saw from John Willliams re silver was about $450 ounce to reach the inflation adjusted equivalent of 1980.</p><p><br /></p><p>Read this:</p><p><br /></p><p>&quot;In 1900, there were approximately 12 billion ounces of silver in the world. Today, that figure has fallen to about 300 million ounces of above-ground, refined silver. This means that at current prices, it would only take about four billion dollars to purchase all of the above-ground silver in the world today.&quot;</p><p><br /></p><p><a href="http://www.monex.com/prods/silver.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.monex.com/prods/silver.html" rel="nofollow">http://www.monex.com/prods/silver.html</a></p><p><br /></p><p>Reply to me:</p><p><br /></p><p>You have clearly done quite a bit of research and you&#039;re dead on about China. Much of their GDP can be attributed to their government spending billions of dollars on infrastructure projects (small cities and large department stores) that have become ghost towns. Why? Because no-one can afford to live there and consequently there are no customers for the deaprtment stores. So that tells me that the Chinese economy is propped up by artificial spending so China&#039;s prosperity is merely an illusion and has arguably the biggest preoperty bubble of all time. And when it pops, you will see people on the streets and every economy that depends on China, ie. most, will suffer considerably as they will radically reduce construction projects that require all the resources that they&#039;ve been buying up over the last few years. </p><p><br /></p><p>As for where silver will go, well, $400/oz in a year or two may even be conservative. And that is coming from someone who is not being paid by anyone.</p><p><br /></p><p>Well if there is a world crisis on the cards, which unfortunately seems inevitable, then you have to ask yourself whether PM&#039;s will drop in price like they have done so in the past. People often say history repeats itself but I don&#039;t necessarily agree. The reason is that in the current times, we are faced with a whole new set of circumstances and variables that didn&#039;t exist a few years ago. Ok, we are still living in a financially interconnected, globalised world with access to an unprecedented amount of information. But the world has also change considerably since 2007/2008. Three years later and people are more aware, more educated. People don&#039;t trust financial advisors like they once did. People are taking ownership over their financial wellbeing most probably because of the GFC. Like the saying goes &#039;once bitten, twice shy&quot;. And lets face it, many people git bitten recently harder than they&#039;ve ever been before. So the question is, will people react the same as they did then or will they do something different this time around. Only time will tell I guess.[/QUOTE]</p><p><br /></p>

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