By now everyone should see the benefit of subscribing to le Met.

Bill,
When considering the possibilities for owning silver one reason stands out above all. That is, it eventually will be expedient for the cartel to let go of silver suppression.Yes, once (if) the cartel gets out of their massive short silver positions there will be zero incentive to go back, and every incentive to flip to the long side. Mainstream media would then do their best to divorce silver from gold and make it a simple supply-demand story. Gold alone would then become the benchmark for fiat transgression. Another reason for higher prices in silver being expedient is unlike nearly any other commodity or financial instrument, an enormous run-up would do very little harm to the economy. At 15 times its current price silver would still be consumed industrially. I haven't heard any auto makers lobbying Congress about the oppressive prices of platinum, palladium, or rhodium. Silver's viability at $400 or more is very reasonable when you think of the extraordinary effort to suppress it for decades. If silver exploded to $400 it would barely cause a ripple in industries where it is consumed. Compare that to nearly any other commodity and see what would happen.

* If soybeans went from $12 to $180 a bushel there would be starvation and food riots.

* If lumber went from $270 to $4,050 MBF a typical 2000 sq. ft. home would cost over a million dollars to build.

* If crude oil went from $80 to $1,200 a barrel the economy would ceace to function.

* If gasoline went from $3 to $45 a gallon there would be mayhem in the streets.

* If nat. gas went from $4.30 to $64.50 per CCF millions could freeze to death.

* If 30 yr. T-bond yields rose from 4.3% to 64.5% governments would collapse.

Yet if silver goes from $27 to $400 the economic fallout is miniscule, and mostly off the radar! JPM, HSBC, and the rest of the cartel could earn many multiples of any settlement costs for class-action suits by getting long and riding the monster to the top. This may be the CFTC's angle; fine the cartel and then let them get in position to make it back in spades. No short seller would oppose them unless he knew he had silver to deliver. Even with proper position limits silver could grind higher for many years.

There are few commodities that will ever behave like a 1990's dot.com stock. If there was just one that could it may be silver. Unlike a dot.com stock though it still may not be overvalued at a 15 multiple of its current price. The nitwits at GFMS would howl all the way up but the computer, camera, cell phone, and automobile manufacturers would just pay up and go on.

James Mc