MOPE will be flowing like crap down the sewer, as $75 silver is passed

[Large Sarge]

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[Spectrism]

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I would not be surprised to see $75 as a resting point before even great price escalation. As Chris Duane notes in his 14 reasons to buy silver, the real inflation rate of 400% or so will be reflected in these prices. A feeding frenzy could take place as food and fuel inflation in 2013 shock the bejaebbers out of the US and Canadian citizenry. There will be many people who see their inflation eroded cash evaporating and while the rest of the world faces famine, with videos plastered all over the media, the average person will react with a fear factor that compels them to buy precious metals to save themselves from the increasingly painful effects of food price increases into the 20-30% range and gasoline up maybe $2-3 dollars a gallon.
People are not stupid. They may be slow to realize the effects of inflation as they scrape by filling the grocery cart and the fuel tank.
Unlike those early to enter the massive bull run, those who have not boarded the silver bullet train will scrounge up any funds available to buy an increasingly scarce supply of precious metals, hoping to avoid being the last passenger on this train.



Inflation or deflation.... the dollar is likely to become less valuable. If I was absolutely certain that silver prices would double or triple, I would borrow money to buy silver. Obviously, I am not that certain. Instead, I will tuck away a little here and a little there until they are all occasionally lost in some unfortunate boating accident. Then I go back to adding a little.

The rules are all turned upside down. There are very few things that I can hold onto as always true. The value of silver is not on that list.... but it is way above the value of the dollar long term.... I think.