A Conservative Silver ForecastAbout a month ago, I wrote a two-part commentarylooking at the long-term “price targets” for gold and silver, and howthose numbers tended to lose meaning because in the hyperinflationscenarios envisioned for the future (where paper currencies go to zero)the value of any hard asset correspondingly moves to infinity.
Thepurpose of that piece was not so much to see how many “zeros” I couldattach to gold and/or silver, but to remind people that since we can’t“understand” hyperinflation that we were likely “under-preparing” forsuch a scenario. While we have very good reasons for looking at suchthe-sky-is-the-limit price-targets, as prudent investors it’s alsoessential to engage in more conservative forecasting. It is only bylooking at both upper and lower parameters that we can make optimaldecisions as investors.
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