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Message: <blockquote data-quote="alsih2o" data-source="post: 844849" data-attributes="member: 4790">But this argument overlooks one fundamental reality. The plain truth is that there just are not enough precious metals in existence to serve as a practical source of hedges against inflation. Consider this. If you took all the gold ever mined and stacked it up on a football field, it would barely be five feet high. At current prices, its total value wouldn't even be a trillion dollars, closer to $600 billion. Add to this fact one more thing: that the vast bulk of that gold will never ever come onto the market. It will stay in central bank vaults for the next few billion years. Consider also that virtually all the new gold being mined is currently used up in fabrication. What all this means is that just a few billion dollars of new deman would send the price of gold into orbit. The same situation exists with silver. Only about $3 billion in silver is produced a year. There is so little of it that the Hunt brothers were nearly able to corner the world market back in '79. Add the value of all the silver to that of all the gold, and it's still under $1 trillion. from- <a href="http://www.cyberhaven.com/investors/inflationhedge.html" target="_blank">http://www.cyberhaven.com/investors/inflationhedge.html</a></blockquote>