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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (109492)1/23/2011 10:42:53 PM
From: 8bits  Read Replies (1) of 110194
 
I think gold and silver prices are very much tied to the China situation. If they fail to deal with their inflation, PMs will continue to do well. They are also perceived as developing market wealth holdings. However if China busts, this and especially the later "wealth trend" would reverse. There is more risk than is generally viewed.

Silver went from a peak of around $21 an ounce in March of 2008 to $9 an ounce in October of 2008, also in about the same time frame gold went from over $1000 an ounce to less $800. I wouldn't be surprised to see similar percentage drops in the future for the precious metal sector but until the OECD gets it's financial house in order I suspect the long term trend in precious metals is up.
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