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<p>[QUOTE=&quot;JCB1983, post: 1432187, member: 23885&quot;]In the event of an economic collapse.. here is my speculation.&nbsp; With the onset of massive inflation worldly nations will turn towards PM&#039;s as an alternative investment.&nbsp; If or when the collapse happens, than the price/value of PM&#039;s will vanish temporarily because it is a non essential.&nbsp; But with the resurgance of a new economic platform I doubt that people will be willing to ever accept fiat currency as it was previously.&nbsp; This would make a good case for longterm PM values... as compared to any fiat currency.&nbsp; I see PM&#039;s especially silver as a wise long term investment, but that is just me.&nbsp; </p><p><br /></p><p>Here is recent speculation from a day trader on the future of Gold/Silver</p><p><br /></p><p><span style="color: #008000">If you consider that gold reached a high of $850 per ounce in the 80&#039;s and then dropped to $300 per ounce where it languished for many years then had you bought at $850 per ounce 30 years ago, your annual return at today&#039;s prices would&#039;ve been ( $1,662 / $850 )^( 1 / 30 ) - 1 = 2.26% per annum and had you bought at $300 per ounce, it would be 5.87% per annum. So gold has just closely tracked the rate of inflation over the past thirty years, it&#039;s current price is no indication that it is abnormally high. Silver is an interesting commodity, in just a few years, most of it&#039;s primary market has disappeared, digital photography has replaced the need for film, likewise CCD&#039;s have also replaced the use of silver film to detect radiation, you won&#039;t find an X-ray plate in a hospital any more or a film dosimeter in a nuclear power station. Silver may gain a resurgence in industrial use when electric vehicles become more common place as it&#039;s very useful in chemical reactions such as in a battery. Silver mining is also non-existent at the current time, it&#039;s production is a byproduct of mining for other metals like copper, aluminum and iron. This makes it very difficult to determine the valuation of silver.</span></p><p><span style="color: #008000"><br /></span></p><p><span style="color: #008000"></span>[/QUOTE]</p><p><br /></p>

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