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17/04/11
21:58
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Actually the $50 would be approx $150 in todays money if not more.
Here is a post I found from june 2008. Wish i had this guys foresight, I would be a millionaire today buying silver back then.
http://forums.silverseek.com/showthread.php?1087-price-of-silver-inflation-adjusted
22nd June 2008 22:07 #1 joshrain
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Forum Contributor
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May 2008
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52
price of silver inflation adjusted
hi folks,
$1 in 1970 would be $5 in todays term.
silver in 1970 was ~$2.
based on the value of the dollar alone, shouldn't silver be trading at $10?
of course this is purely looking at in terms of usd.
there are of course other factors such as:
1) fear premium
2) supply, demand (industrial/investment)
cash cost of silver for junior miners is roughly about $5, while its negative for the bigger players (due to silver being a byproduct)
based on that it seems like silver is trading at less that twice its value.
and miners are making profit of roughly $15 per/oz.
it seems that silver will be in a bull market as long as:
people slowly loose faith in fiat resulting in increasing investment demand
and a weak economy (which is expected to run till 2012+).
what do you guys think?
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