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

- Peter Zihlmann -

the only way I can explain what Jim C. wrote is that he is saying that in terms of silver, prices for basic items are 10% above their 1964 levels. Meaning for say 10oz of Silver in 1964, you could buy Item A, while today it would cost 11oz silver. This is closer to reality. I cannot say whether this is true or not, I did not look it up, but if this is the case, then silver would have about the same value now as it did back then.

So going by this theory, in 1964, silver was somewhere around $1/oz. Today it is at $20/oz, factor 20. Could you buy a certain item back then for 1/20 of the US$ price than you can now? That would be interesting to know.

Commented 3956 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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