Originally Posted by Garcia Bronco
I just saw an hour long thing on it last friday on CNN. It is a bubble. Things only have the value we believe them to have.
You are foolish to believe CNN.
There have been bubbles involving precious metals in the past -- when speculators tried to corner the market. But not this time.
This time -- the increase in gold/silver is a measure of lack of confidence in the economy and the dollar. No doubt, the fed has been doing everything possible to keep gold/silver down. But their influence only goes so far.
People are voting with their feet -- cashing in dollars for metal. Even if metals eventually fall -- those of us who bought last summer are still big winners. I suspect the dollar will fail, first.