kezman, so far the only crisis is in the financial markets. Do you remember just a few years back when the average P/E ratio of the S & P 500 stocks ranged between 12 and 18. Then for the last few years all the old rules seemed to go out the window and P/E's went crazy.
Well maybe now we have to pay for all those excesses that have been falsely built into the markets; You know all that wealth that was created on paper through inflated stock values which is evaporating before our very eyes right now. If you study the patterns of PM's prices, you will see that in times of severe financial turmoil, nothing does well, not even PM's.
We live in a paper world. We live in Al Gore's world; And that does not bode well for PM's. All IMHO!!!!!!!