LOL pretty soon people will be sayihng:SILVER WAS JUST $65 Oz. NOT SO LONG AGO
Not so long ago.gRRR!!!
When the liars lose money shorting they make up stories LOL
Yes, and all those closed up mines that could not make a profit when silver was under 8 bucks on ounce are all opening back up now. Big supplies coming!
worth about $8 an ounce at present average production cost of around $6 an ounce
if silver goes to 4.00 china will nuke us watch what you wish for
If Silver goes to $4 will every working person in china be able to take there whole weeks wages and buy a 10 ounce bar and thereby corner the market???
Just going by the cost to produce it. Simple math.
and Gold was at $280 so what, silver should be at $50 already
Well from reading all this post I conclude that1 Sliver was extremely expensive at $50 in 1979.2 Silver was almost like free at $3.50 around year 2000.Does that put us in the middle here?
sage, your right, but if you want to go way back ( hunt brothers ) it was $ 48.00 in early 70s.
when in 07 it was 22 befor it bottomed at 9
true market value $ 6.00. may not get back there, but 9-10 is realistic.