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iShares Silver Trust Message Board

  • pentium_six pentium_six Jul 24, 2012 4:45 PM Flag

    Silver hit over $500.00 oz in 1980

    Silver 1980 high of $49.00 is really $517.00 oz
    I said it many times before the 1980 high of $49.00 is really equivalent to a $500 Silver in 2012.. now there's more proof


    Another easy way to demonstrate that gold is not in a bubble is to look at the inflation-adjusted highs. The nominal highs for gold and silver occurred during January of 1980, when gold topped out at $850 and silver at $49.45. Official government inflation statistics tell us that in today’s dollar terms, gold would need to reach $2,500 and silver $150 before matching their true 1980 highs. But it is well known that the government significantly understates the inflation rate in order to mask the impact of their fiscal policies.

    John Williams, the economist behind the website Shadow Stats, has done us the favor of stripping out the government gimmicks in order to derive the true inflation rate over the past thirty years. Using his SGS-Alternate Consumer Inflation Measure, gold would need to reach $8,890 per troy ounce and silver would need to reach $517 per troy ounce to match the highs from January of 1980.

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    • I told you $50 is really $500

    • nothing but the truth

    • now u know the real truth

      what should u do ?

      answer BUY MORE SILVER

    • now u know the real truth

    • Yep, President was Reagan and Silver was still viable even after Clown Nixon took us off the Gold Standard in 1971. You cannot compare the price of Silver today versus 1980. The velocity of money has exponentiated 100 fold since 1980 and the Free Market system has become a rigged Casino.
      No person on earth can acurately predict in the current time where the price of anything will go,.
      Fiat money is collapsing right and left and you can bank on a new world order establishing a fixed price on Gold and Silver. All of us who own Gold and Silver are on the cusp of what the orderd price
      of Gold and Silver will be and all we can hope for is that it will be worth more than what we paid for it. Don't think that the government of this country or any other world country cannot confiscate your
      Gols or Silver to cover sovereign debt, because they can as well as cleaning out your IRA, 401K ans Savings account to retire the national debt, because the taxpayer is responsible for the national
      debt, not the corrupt money hogs in our government. Something you can dad gum count on!

      On any given Friday in the near future you will hear at the end of that day that a virus has struck our financial system. The government will tell us that all will be well by Monday...it won't and the
      financial system will be shut down for at least a week to ten days. No checks can be cashed, nor
      money withdrawn from banks nor credit cards can be used. Have some cash on hand to pay for groceries and gasoline, etc. The dollar will have crashed. The 140 Trillion dollar derivatives market has crashed and brought the entire world's financial system to a grinding halt. So I would hide your Gold and Silver if you have it, because the government will want to take it..Trust Me.

      Can you trust anything the governments tell us?...not a dad gum word.

    • Yes indeed.. Silver did skyrocketed to over $500 oz in 1980

    • now you know the real truth

      what should you do ?

      answer ~~ buy more Silver

    • now you know the truth

      what should u do ?

      answer ~~~ buy more silver

    • But it is well known that the government significantly understates the inflation rate in order to mask the impact of their fiscal policies. John Williams, the economist behind the website Shadow Stats, has done us the favor of stripping out the government gimmicks in order to derive the true inflation rate over the past thirty years. Using his SGS-Alternate Consumer Inflation Measure, gold would need to reach $8,890 per troy ounce and silver would need to reach $517 per troy ounce to match the highs from January of 1980.

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