What Happens To Gold And Silver Next? Look Out Below?

Your absolutely right and its wrong to generalize but easy to do. Same goes for auto mechanics, I have worked with guys who would go out of their way to try and help the customer, that's just the way they are, but I have also worked with guys that could careless and their work habits showed it. These guys I would never have working on my car. But its that way in most areas of life sadly.

No Piffin you are confused.

I am always referring and talking about price action. I dont care about value, means nothing to me. As a trader, all I see and care about is price action.... price, price, price and price.

Now, if you want to talk value, well who knows what that is. And by what and by whose metrics? ... and more importantly, who cares about value?

So for the record, I am talking about price, and always will be. Nothing else matters to me and for the record, price is what is used to value the current value of silver and gold, not what your opinion of silver and gold.

Traders do price and short term action.
Investors do value and long term action.
Takes all kinds to make the world go round

@ USD bashers:

Obviously, holding cash is silly. On the other hand, gold is trounced over most time periods by equities (or any kind of balanced portfolio). It is unfair to speak about how much value the US dollar has "lost" when the economy which uses said dollar has gained so much. Your complaint may be with cash, but why would you hold cash?!

Also: let me state what is probably a very unpopular theory of mine. I believe the so-called evil "fiat currency" many like to complain about actually saved our bacon. With exponential population increase and increasing difficulty mining PM, it is deflationary to stick to a gold/silver standard. (Did you know that the entire 19th century was net-deflation?! No wonder the economy had so many serious setbacks in later decades of the gold standard. Having no ability to reflate under a standardized currency must have really sucked!)

Finally: let's be fair. Inflation has been very tame over the past quarter century. I acknowledge that core inflation excludes some volatile goods, but even so I believe the USD -- even held in a low-yielding GIC -- has held its own pretty well. You must not realize how bad inflation was through the '70s and early '80s, or how out-of-control it sometimes gets in other parts of the world. This low-inflation cheap money regime is also much fairer to new generations: loans to buy a house, attend college, or start a business used to be behind a barrier few but the already well-off could overcome.

PS: I agree with most of what yup says, but I disagree that USD will be king forever. It's time will certainly come, but it is here to stay for at least our lifetimes. We are lucky to have this currency backed by a stable government and mature economy, even if such government and economy have let us down lately.

Currencies come and go , gold and silver have been around along as humans have been able to mine it, nuff said.

Knowing when they come and go is another matter...

As far as the USD goes ..well you have a 3 trillion trade deficit to China ( and getting larger all the time) plus something like a 16 trillion deficit or more, you have shipped appox 6000 of your industries to China which have cost millions of direct and indirect job losses , billions if not trillions of wasted dollars on useless wars just in the last 20 years or so, I could go on but you see what I am getting at.

I hope your right about the USD but honestly how can you defend that?

inflation vs deflation.
relative to what?
US citizens experience inflation re food and energy costs.
BUT RELATIVE TO THE GLOBAL CURRENCY WARS RE YUAN, ETC, THE FED IS CONCERNED ABOUT DEFLATION.
The Chinese are using their dollar reserves to buy Gold.
Give a thought to that fact

http://www.brillig.com/debt_clock/

Thats just the National Debt , then you factor in CC, mortgage, student loans etc.










http://www.weeklystandard.com/blogs..._660409.html

Here is Canada.






http://www.davemanuel.com/canada-debt-clock.php

I see that . So what does that mean oh knowledgeable one?