RE:RE:Commentators, silver could be explosive, possible $200/ounceFed cuts only temporarily boost gold and silver prices.
Inflation, which destroys the dollar and makes it more expensive to buy anything is what drives gold and silver prices. People KNOW that gold (and silver) retain their purchasing power. So people turn to them for safe keeping.
Congress, and governments world-wide, are bent on spending spending spending and destroying their national currenciesl.
This could lead to an explosive rise in gold and silver over time as more and more people realize this.
Silver had been under $5 for years prior to 1980. Nobody even thought that it could reach $50/ounce. And then it did,
Only momentarily, as you mentioned. But in the meantime well positioned gold and silver mining companies, that were actually mining gold and/or silver, took off, with many rising over 10X in that period. Penny gold and silver stocks rose into the multiple $ range.
That could be us.
Eventually gold and silver will fall from their highs and then we can sell. Sell and pocket a ton of cash.