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<p>[QUOTE=&quot;mikem2000, post: 1642727, member: 30574&quot;]I am not happy with the money printing, the debt, the spending either, but it is important to keep the facts straight.&nbsp; The fact is stocks are not in a bubble, and at this time, even with all the money printing, it has not inflated our currency.</p><p><br /></p><p>Now do I feel comfortable in the current economic condition, No, I don&#039;t, but to assume equities are in a bubble and destined to collapse is a grave mistake.</p><p><br /></p><p>In 2006 equities were trading at much higher multiples than today, ie. they were more expensive and were overvalued.&nbsp; What happened? They came tumbling down.&nbsp; On the other hand, SLV was trading as low as $9 which is well below the cost of production, ie. It was cheap and undervalued.&nbsp; What happened?&nbsp; It soared.&nbsp; </p><p><br /></p><p>Flash forward, to 2013.&nbsp; Silver is at $30 which is around 50% higher than the cost of production.&nbsp; No getting around the fact it is expensive.</p><p><br /></p><p>Equities are trading at below average historical multiples so you would have to consider them cheap.</p><p><br /></p><p>So we have expensive silver, cheap stocks and a lot of variables that we cannot change or even understand how they will all line up.&nbsp; My money will be on the cheap stocks, because, Well they are cheap.&nbsp; We will count our toys at the end of year.[/QUOTE]</p><p><br /></p>

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