[Cicero]

No, it’s not a bubble. Gold and silver have been making new highs regularly (silver still 30-year highs), but you hardly see much excitement yet. Small headlines on the financial pages, small notices on Drudge (who is aware of the damage that Obama is doing to the economy).

Nothing like wild excitement yet, of the kind you saw going into the last highs in 1980.

I’m heavily into gold, silver, and a few rare earth stocks, and some uranium (which took a hit with the Japanese disaster, but now seems to be coming back). I figure we’re only about half way to the top, timewise.

Of course the media is unwilling to do anything to make Obama look bad, so they don’t like publicize this—or the price of gas at the pump, which is pretty much ignored—except when people drive in to fill up their cars and can’t help noticing it!

[agere_contra]

Agreed. When 1oz of Gold buys the DOW, then it's time to start worrying about the end of the PM cycle. I guess Silver will be about 800 dollars/oz when that happens.

FReepers - please listen seriously: Silver at 40 dollars/oz is a complete steal. The Fed can no longer meaningfully raise interest rates without destroying the dollar (though they will talk tough about raising rates, which will make silver dance about a bit).

So buy some! Silver is real money, and even if the world goes Mad Max you can always purify water with it.

[WhistlingPastTheGraveyard]

Some good stuff from ZeroHedge:

Silver ETF investment:

Silver Industry Market Cap:

Considering 30 year highs are being obliterated, silver is still flying under the radar. There's a lot more talk about it on FR than ever before, but we're not average Joes. We live and breathe this stuff. Once Ag crosses $50 and sets a new all-time high, maybe it will find its way into the MSM and mainstream consciousness. When you see your neighbors cars filling up the parking lot at the local coin shop, then we can start talking about the possibility of a bubble.