follow the link and look at the ‘money’ pyramid – as the economy falters and people become more risk adverse they move their money from the top of the upside-down pyramid (risky assets) towards the bottom (safe assets) – note where silver and gold fall in the pyramid and the amount of money that could potentially try to move into precious metals – this dynamic is part of why I can accept projections of gold hitting $5000/oz and more – the precious metals markets are TINY in comparison to all of the paper ‘wealth’ that is floating around this planet
Jason Hommel’s price projections have been consistently the highest – here’s his latest
