I don't think so!

(My belief)

Do you expect the third and final phase of this gold "bull" to follow what happened in the 1980's?

Do you think after it peeks, gold and silver will fall back in relation to FIAT as it did in the 1980's?

I say "Think again".

Yes, there will be panic buying, no different than panic buying at the local supermarket if you know stock will be short for a period of time.

However, when gold went to $850.00+ and silver went to almost $50.00, back in the 80's, the following fundamentals have changed;

1. Gold has not just been demoted to the ranks of "relic". It's popularity is on the rise for exactly the opposite reason.

2. When panic buying sets in, existing FIAT will be under attack, possibly value-less, or close to. Gold and Silver will be recognized as "real money" once again.

3. Unless there is an acceptable new FIAT for the market to use, Gold and Silver will become even more of an asset.

4. Any new FIAT will have to "Run the Gauntlet" just like the Euro, not a pretty sight.

Suggest the so-called "third phase" will be different, with Gold and Silver not jockeying for position with FIAT.

It will once more be recognized for what it has always been - REAL MONEY.

Good Luck to all!