The value of money halves every 7-10 years. ie, I tend to think the $1-->$5 adjustment is wrong and it should be that since 1970 the value of money has halved 5 times and consequently the monetary value of hard assets has doubled 5 times. Going by that logic, $1 in 1970 would equate to $32 in 2008; hence, the monetary value of silver would inflate from $2 to $64. Which to me sounds about right, judging by the inflation observed in other assets.
CCU Price at posting:
94.0¢ Sentiment: Buy Disclosure: Held
