SILVER 0.30% $15.25 silver futures

Hi Muppet, too many different factors today to make any...

  1. 105 Posts.
    Hi Muppet, too many different factors today to make any comparison meaningful.

    * Hunt brothers were responsible for most of the 50 dollar spike.

    * US Fiat money had not been nearly as debased.

    * Population lower, less people worldwide to buy silver.

    * Population less wealthy, certainly in China and India who are now purchasing precious metals.

    * Older US generation remember being ripped off by purchasing silver certificates which were not later redeemable (http://en.wikipedia.org/wiki/Silver_Certificate)

    * Higher industrial demand today.

    * More global instability

    Having said that and knowing what I know, I think what the Greedy control freaks et al will do is introduce a new currency and just say that silver and gold are now not very valuable. And most people will go along with it. Probably the best way to preserve wealth is with pieces of art, classic automobiles, that kind of thing.

 
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