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Jim C.
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Silver: Buy, Hold Or Sell? Update #24

- Peter Zihlmann -

Mr. Zhilmann throws out a lot of stats and charts and concludes that silver is a good buy and long term investment. I question that it is now a good buy, not that it is a good long term investment, which I believe it is. Something in the price of silver, or in the price of commodities, is seriously amiss.

My concern comes not from any kind of professional or even amateur expertise, but from experience of what silver was once able to buy in the 1960s and what its equilivant is able to purchase now. Make no mistake, I've been purchasing silver coin in small quantities (without selling) on and off for 25 years -- from $6 to $30 an oz. From candy bars to soup, from automobiles to homes, silver seems to have inflated only 10% (or 10x 1964 value) not the approx 30x of today's value. Excluded are those items (mostly electronic) which have dropped in price relative to 1960 prices.

Re those 1960 prices: take candy bars selling for 5 cents, McDonald's cheesburgers for 15 cents, Campbell's soup for 10 cents, autos for $2,500 and homes for $15,000 -- all are more or less sell now for approx 10x more in terms of today's silver value.

So, either prices will dramatically inflate (at least double) or silver is heading for a massive collapse back to $10 an oz.

I don't know which and won't purchase any more until some direction either way is clear. Should silver suddenly drop, having some cash left to fire at it might be the thing to do.

Commented 4247 days ago

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Beginning of the headline :In 1980, the price of one ounce of silver reached $ 50. Today, the purchasing power of the US dollar is substantially less than in 1980. The price of one ounce of silver would have to rise to $ 150 to reflect the value of the US dollar thirty years ago, assuming an average annual inflation of 3.5%... Read More

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