Precious metals 'mania,' India, China part 1

A common refrain with many precious metals commentators (including myself) is that “one day” there will be an investor “mania” in this sector, where prices will finally explode into some sort of parabolic “top”. For those who have wasted any of their time reading the gold-bubble babble currently on display on a daily basis in the mainstream media, “no” the day when gold and/or silver reach “bubble” status is not even currently visible on the most distant horizon. Put another way, as John Williams of Shadowstats.com tells us, just to “equal” its 1980-high (in “real”, inflation-adjusted dollars), gold would have to rise to $7,500/oz. Meanwhile, at its historic 15:1 price-ratio with gold (the average for the last 5,000 years), that would put the price of silver at $500/oz.

.