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<p>[QUOTE=&quot;InfleXion, post: 1158816, member: 29012&quot;]I would simply point to Fed policy being paramount to monetary value and inflation, and PM&#039;s history of being used as currency and thus the de facto alternative that people will seek to preserve their wealth. Excessive money printing demands a weaker currency because the goods and services it is representing are not increased at the same rate. The worse the dollar does, the more flight to safety. So silver is weighted disproportionally to other goods and services the worse inflation gets IMO. I think it&#039;s only doing better than gold because it&#039;s affordable for the average person who may not have a lot of cash. If the Fed reverses their policy then silver should also be one of the hardest hit due to the level of speculation on future inflation that is currently buoying it. If we knew when that would happen maybe we could say that today&#039;s price is above equilibrium, but we have no indication it won&#039;t continue either. Some might say that makes it a bubble, but if we continue the current course I don&#039;t see why it would ever break until we get a new currency with a much better exchange rate on silver than current dollars. </p><p><br /></p><p>You are correct that I do have other motivating factors, such as having something of value that does not degrade over time, that is universally accepted as a bartering tool, and that does not require my dependence on questionable power structures. Now if you mean there are other players in the market that are driving the price up artificially, it wouldn&#039;t surprise me. However, the only evidence I have seen so far is to the contrary.[/QUOTE]</p><p><br /></p>

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