world finances are in unknownwaters. Never before have nations dumped gold and silver for fiat paper. Until 1973 the world reserve currency was backed by gold. This is recent in historical terms. All fiat currencies have failed, leaving financial chaos in their wake, starting with John Law's French experement early in the 18th century.
The reason fiat currencies fail rests upon human nature pure and simple. Got debt, print paper, it's a lot easier than creating real wealth. It gets easier every time, until the $ is so diluted it is worthless. The nation becomes hooked on printing $, because it becomes the answer to every ecanomic downturn, and eventually the public becomes so accustomed to inflation as a panacea for recession that it doesn't see the financial storm brewing. Really, what will happen when confidence is lost in paper that is inherantly worthless?
As I see it, investors in PM stocks do not believe in the great fiat experement. We have history on our side, and the US $, the world reserve currency, is pushing its credability closer and closer to the edge of a cliff.
It will drop off, but when? I don't know, but I want to hold PM shares when it does.