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To: Fungi

I see several factors driving the price of silver up in the future. They include:

1) Devaluation of the dollar
2) Increasing national debt destroying confidence in our currency and the federal government
3) Increasing demand for silver in electronics and other products. There will also be a natural increase due to increasing populations and increasing wealth in places like China and India.
4) Increased interest in personal ownership in places like Asia/India
5) While not a technical... psychological fear alone will drive up the price. Our debt, distrust of the federal government and national security threats will drive increasing demand.

Those are the big hitters in my estimnation


74 posted on 09/22/2014 10:41:11 AM PDT by navyguy (The National Reset Button is pushed with the trigger finger.)
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To: navyguy
All of that makes sense. The biggest factor is time. Everything could change and nothing could change. It hit fifty dollars an ounce a while back, yet the all the parameters you cite that influence its price are the same today. The future is very hard to predict, even when we think we know all the inclusive factors.
76 posted on 09/22/2014 11:20:51 PM PDT by Fungi
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