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dom1971
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Silver: Will it Drop to $ 10/ounce?

- Peter Zihlmann -

10% since 1964 ???? Wow that certainly seems to contradict my own experience. Can you site me some examples?
I wasn't alive in 1964 but I can remember back as far as 1977.

In Australia: 1977 / 2013

Candy Bar: 30c / $2.50
petrol (gas) per litre: 25c / $1.50
Milk per litre: 40c / $1.50
Loaf of bread: 50c / $3.50
Sydney home: $37,000 / $1m+
Family car: $5,000 / $42,000

This experience was outside the USA but I'm struggling to find anything as modest as a 100% rise, let alone a 10% rise. Have things really been that stable in the US?

with the exception of milk

Commented 3963 days ago

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Beginning of the headline :The bull market of the silver price started towards the end of 2001. On the way from $ 4.02 to the recent intraday all-time high of $ 48.42 (an increase of 1,104%), several significant corrections took place, the most severe one in 2008 when the silver price sank by 57% only to jump 441% to a new all-time high... Read More

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