another undervalued silver play ?, page-12

Thanks for your post nk, very nice

crude estimates follow...(pls correct if wrong)

First GOLD:

$37.4 USD/oz in 1970 and $589.5 in 1980 - a 15.76x fold increase

Then SILVER:

$1.635 USD/oz in 1970 and $16.393 in 1980 - a 10x fold increase

but the whole story needs to be told

these are average prices..

in 1980 the top of the spike was about $800 for gold and a whopping $50 for silver

Imagine buying silver at $1.64 and selling at about $50

Already we are looking at the early stages, in my opinion, of a huge spike upwards for silver

Clearly, the silver phoenix has risen from the ashes of the 2004 flatline

The price, right now, looks like it will crack the average high of 1980

about $50 is the all time high, for the period of demonetisation, but the long term high, taken from the perspective of millenia, is much higher

Prepare for take-off; it could be a very volatile ride to the top