Long Position on Silver and Gold?

[68Charger]

They will be unable to suppress it indefinitely.
Once the dominoes start to fall and bank customer/stock market trader panic sets in, PM value will go through the roof - not that I would ever trade it back for dollars.

but it will at least retain it's value against other currency- you may not want to get back into $US, but whatever currency replaces it as the world standard.
"They" will no longer be controlling the price, since their control is based on $US- so PM values should rise in value to other currencies as well, right?

[sellersm]

"They" will no longer be controlling the price, since their control is based on $US- so PM values should rise in value to other currencies as well, right?

Don't think so, I believe it will always be controlled, no matter what the world currency/petro-dollar ends up being. At least that's what I've heard from some folks... Time will tell, though. For the short-term, owning PMs is a good idea. In the very long run, nothing will have value except for whatever the one world 'currency' ends up being. As it says in the Bible, "they'll throw their gold & silver on the ground cuz it's worthless" (I'm highly paraphrasing there).

[Great-Kazoo]

Don't think so, I believe it will always be controlled, no matter what the world currency/petro-dollar ends up being. At least that's what I've heard from some folks... Time will tell, though. For the short-term, owning PMs is a good idea. In the very long run, nothing will have value except for whatever the one world 'currency' ends up being. As it says in the Bible, "they'll throw their gold & silver on the ground cuz it's worthless" (I'm highly paraphrasing there).

The only thing i'll throw on the ground is spent brass.

[68Charger]

The only thing i'll throw on the ground is spent brass.

another form of precious metal...