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$15.25 silver futures

The price of silver in 1980 was artificially inflated by the...

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eztrang

3,925 Posts.

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03/12/21

15:27

Post #: 58056973
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Originally posted by dub: ↑

Madness !

Even skeptics surely must accept that -

* Silver is now used widely in many industries as an essential and growing part of new and essential products/operations. Used in small amounts albeit, but in millions of items in amounts so small that recovery is totally unfinancial and therefore not attempted. Such usage is growing every year ;
and

* Silver, in very significant amounts, serves in its longstanding and world-wide role as jewelry ; and

* Silver is seen as 'the poor man's gold' and is widely held as a store of wealth and an investment.

More silver is now being used for these purposes than is being produced every year.

if all the above is true - and it is - the following can not be true in an honest and open market !
.................................

It is that simple and so obvious.

dub

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The price of silver in 1980 was artificially inflated by the Hunt brothers of Texas trying to (and succeeding, before the government stepped in) corner the market.

From 1985 to 2005 the price of silver ranged from US$5/oz to US$9/oz.
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