Comment: Great point on the peak oil

(See in situ)

In reply to comment: that commentary is ignorant (see in situ)

Great point on the peak oil

I was trying to explain that to someone recently, but it didn't come out as simple or well as you explained it. To add to what you said: Higher prices will also bring alternative energies to the market and encourage alternative energy exploration as well.

One point about silver though. If it is true that silver is being manipulated lower than what the market would indicate, then the mechanism of higher prices isn't being sent to drive more exploration and better extracting methods, and industrial uses are consuming it at a rate that higher than they would if the true market rate was present. I think these factors make silver an attractive buy, especially for people who can't afford to pick up a rental house or a large asset.

But to your point, I don't see how an "extinction" will take place. I don't believe the manipulators are powerful enough to defeat the market forces.