CCU 0.00% 5.8¢ cobar consolidated resources limited

trading halt, page-36

  1. 3,906 Posts.
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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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    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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