No one doubts that the government intends to inflate the debt away at this point. It gets rid of the debt while pummeling the dollar and increasing the size of the government dependency class. It’s a win win for democrat and republican progressives who control Washington.
However, keep in mind that a significant amount of the demand for silver is as an industrial metal. Not as much as say, titanium or lithium, but on the order of 30%-40%. In a worldwide depression, this demand will dry up.
There’s a reason everyone knows what the term “the gold standard” means, and “the silver standard” isn’t even a term.
Industrial demand may lessen, but individuals, groups, companies, banks, and countries are loading their vaults as the impending fiat collapse draws nearer.
I believe this “bubble” is just getting legs, and won’t break until $150-$200/oz. silver is upon us. A 10-20% correction will not burst the bubble.
If peoples income moves with inflation, everyone moves up in tax brackets as well.
Sudenly, everyone is "rich" and fair game for punishing taxes!