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Endeavour Silver Corp. Message Board

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  • quailrunrd quailrunrd Jan 7, 2013 2:53 AM Flag

    What is your prediction?

    Lets clarify a simple point regarding money. Gold and silver are considered by some to be barbarous relics, shiny trinkets, outdated representations of value. And yet, silver and gold have been designated "specie" or real money for thousands of years. Gold and silver do not just flutter into existence for collectors to collect. Throughout time, it has taken considerable man hours, capital investment, and oftentimes fiat investment to extract and refine the precious metals. So each ounce of silver and gold represents considerable work and investment....today and holding into every day of the future.

    Fiat paper, on the other hand, requires no effort to produce. Putting extra zeros on fiat paper money requires absolutely no investment or man hours of work. It's just a flick of the switch. How can anyone claim that silver and gold will not keep rising in fiat dollar prices when the Federal Reserve with only a head nod can create $85 trillion in fiat dollars per month to finance government enterprises. This inordinate increase in the supply of dollars will compete with prices of real things...like the mined output of PM miners. When you look at those bills in your wallet, you realize those bills were created on a massive and cheap assembly line. They are just pieces of paper with the magical words inscribed on them, "legal tender". When you look at a silver coin, you know it took considerable effort to discover, dig out of the ground, and refine into a coin. You also realize that pure silver coins are respected and accepted in India, China, and the world over. So what would you rather hold in today's climate of massive fiat paper creation?

    Prediction: 2013 will see a quantum leap in silver prices. EXK will see multiple new highs. Yeah....many long term silver investors frequently get ripped for "holding long and strong". But I, for one, will ignore the chaff and keep my PM investments. To do otherwise seems extremely....short sighted.

 
EXK
2.98-0.05(-1.65%)Nov 21 4:06 PMEST

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