tag:blogger.com,1999:blog-3580247703206240142.post5558786090883327673..comments2023-05-16T02:08:42.858-07:00Comments on Degringolade: Reversion to MeanDegringoladehttp://www.blogger.com/profile/11893964959960977677noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3580247703206240142.post-60550560267962553812012-11-04T22:51:44.368-08:002012-11-04T22:51:44.368-08:00This was so hilariously wrong in retrospect I prob...This was so hilariously wrong in retrospect I probably owe you an apology!<br /><br />Or rather, it's better to be wrong than early.DDhttps://www.blogger.com/profile/12936013880621794157noreply@blogger.comtag:blogger.com,1999:blog-3580247703206240142.post-73447851217100722009-09-02T12:05:16.187-07:002009-09-02T12:05:16.187-07:00I agree, you know I think gold is ridiculously ove...I agree, you know I think gold is ridiculously overpriced--it's only value is belief.<br /><br />Gold should run about $250/oz if we're charging extraction cost. Silver---at most $7.<br /><br />But for practical--holy crap, money has no value its barter and anarchy--yes, I think silver is the way to go.<br /><br />However, I think there's enough silver and gold to make the price fall in step with the fall of the dollar.<br /><br />The only commodities that I think will hold up have extraction costs very near to their end-user price.<br /><br />And many metals are actually 'extra' in the mining of other products--silver is one.<br /><br />So if copper, tin, and nickel production go down, expect the cost of their secondary metals to rise (assuming non-correlated demand factors, etc.).<br /><br />Iridium, Bismuth, Silver, you get the idea.'DD'https://www.blogger.com/profile/01783857984333260119noreply@blogger.com