QE3 here we go! Inflation anyone?? Bernanke apparently made his Obama contribution

[mrstickball]

richardhutnik said:

killerzX said:
i bought $5000 worth of silver about a week ago. QE3 made the price shoot way up. im happy in this regard.

People believing that inflation is going to happen drives them to buy silver, thus the price shoots way up.  So, it ends up with a Ponzi aspect to it, and one of self-fullfilling prophesy.

Short-term, sure. Long term, no.

Look at what $1 worth of silver money would buy you 50 years ago vs. today.