In response to bob2007:
“So, is this a problem/opportunity? Should everyone invest heavily in silver before the big “event”, like selling your house in 2005?”
The problem is perceived to be the death of the dollar due to excessive spending and printing of worthless fiat money. In such a situation, PM’s are believed to be more valuable than dollars. Secondarily, people are investing in food items that will last such as emergency type non-perishable food in sealed containers. I think meat in the freezer could be a problem unless you have a back up generator.
“Creating money out of thin air is inflationary, and gold and silver are reacting to the government’s printing press. That will surely mean an imploding U.S. dollar and exploding inflation. This is scheduled to happen by the end of June, making this the most predictable financial calamity in history.” http://usawatchdog.com/look-out-above-for-gold-and-silver-prices/#more-4294
This is a personal decision and PM’s as mentioned by previous posts can keep going up and could conceivably crash. If you decide to take delivery of physical gold or silver, where will you keep it to keep it safe? In the 30’s FDR had gold seized. The real estate bubble was built on greed and this particular bubble is probably built on fear. Unless the Federal government gains an upper hand in its spending frenzy, I do not see the fear dissipating. I see it increasing. All it will take is one crazy event to set it off. A large earthquake on the West Coast could be such an event. You all can use your imagination for other events that would set off more speculation in emergency preps and metals.
