Against all this you have the fact that most Americans don't own any gold or especially silver. So even though there's already incredible investment demand, the potential for it to increase is still tremendous.

Nor will they ever. If an advance the size of the one we've seen doesn't draw them out, nothing will. Besides, where's the money going to come from to buy all this gold and silver? Most Americans are broke these days - underwater in many cases thanks to the housing bubble.

I see this argument all the time, and IMO, it's a straw man. When push comes to shove, most Americans will go crying to the Big Nanny State to do something, anything, to relieve them of the awful burden of having to actually do something for themselves. When the power goes out and they can no longer watch Oprah, then they'll start to panic, but by that time it will be too late.

ebear