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Reply #46: I too like silver [View All]

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pipoman Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 07:41 AM
Response to Reply #42
46. I too like silver
and have for years. The difference between the 70's/early 80's silver price inflation and the current market is vast. The Hunt Brothers market manipulation scheme created a bubble. The current dramatic changes are driven by the actual market, devaluation of currency, and loss of faith in the US economic system. I don't believe silver is a bubble. I believe it is acting as it has historically, as a hedge against inflation. It may go down, and likely will, but it will come down as economic conditions improve, imo. Industrial demand has increased as China and other emerging economies. Some say there isn't enough silver in reserves to cover contracts coming due. If enough of those people choose to take delivery, this would have a serious impact too. OTOH, we witnessed the impact 1 person can make on these prices just 2 months ago with George Soros' sale of futures, and the ripple effects of that sale.

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