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<p>[QUOTE="bekiz, post: 1475767, member: 36546"]In year 1989 there was very low probability of collapse of USSR ...</p><p>All those "the facts of the matter" and etc just disappeared along with people's savings </p><p>SO, in today's world even remote chance of 1 for 1 billion trillions happens sooner than one expects (remember LTCM and probabilities they counted on?).</p><p><br /></p><p>As of silver ... Deflation will not last for long ... the fiat paper pressure will push to inflation and may be to hyperinflation (there is no way governments can pay for the liabilities they have with current dollars/yen/roubles/yuan). </p><p>I don't know what is there for some gov. bureau to write that silver with current rate of consumption will be used within 35 years, but they did write it (if I remember correctly the years of silver left). </p><p><br /></p><p>For sure, when there is a chance of buying low - one should go for this chance. But who knows where is that point? I set myself the price where I am comfortable to buy ... for silver it is $32 and below (yeah, I am buying now, not for speculative purposes), for gold - $1650. If PM's go down - good, I can buy some more with the same $ allocated for buying PMs. I have no idea if silver is undervalued or overvalued. What I know for sure though is the fact that every day any commodity appreciates because all fiat depreciation. And I know that one day I will be rewarded no by some price appreciation but by retained purchasing power.[/QUOTE]</p><p><br /></p>
[QUOTE="bekiz, post: 1475767, member: 36546"]In year 1989 there was very low probability of collapse of USSR ... All those "the facts of the matter" and etc just disappeared along with people's savings SO, in today's world even remote chance of 1 for 1 billion trillions happens sooner than one expects (remember LTCM and probabilities they counted on?). As of silver ... Deflation will not last for long ... the fiat paper pressure will push to inflation and may be to hyperinflation (there is no way governments can pay for the liabilities they have with current dollars/yen/roubles/yuan). I don't know what is there for some gov. bureau to write that silver with current rate of consumption will be used within 35 years, but they did write it (if I remember correctly the years of silver left). For sure, when there is a chance of buying low - one should go for this chance. But who knows where is that point? I set myself the price where I am comfortable to buy ... for silver it is $32 and below (yeah, I am buying now, not for speculative purposes), for gold - $1650. If PM's go down - good, I can buy some more with the same $ allocated for buying PMs. I have no idea if silver is undervalued or overvalued. What I know for sure though is the fact that every day any commodity appreciates because all fiat depreciation. And I know that one day I will be rewarded no by some price appreciation but by retained purchasing power.[/QUOTE]
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