Quote from: BitcoinBug on August 22, 2011, 03:01:25 PM

Quote from: S3052 on August 20, 2011, 09:39:59 PM

1) The global economy is tanking and will crash really hard, into the biggest crash in the past 250 years, which means this will be bigger than 1929. Silver specifically will crash real hard because i) it is used as industrial metal much more than gold, and once industrials turn down even harder, demand for silver will collapse. ii) silver prices have also been largely driven up by speculators , and many of them will run to the exit once the economy gets worse.
...
Only if Silver makes a new high above 50$. But even if this happens, the crash is just postponed and Silver prices will eventually come back below 10 $ in the next 2-5 years.

Does silver correlate with the industry or with gold lately?

I regard SILVER as the exit from EUR and USD

Below 10$? Do I smell another bet? I bet 1 BTC silver won't go below 20$ in the next 2 years! Cool

Deal. I bet with you 1 BTC.