Silver now worh about $ 4 in 1980 money
BigMoneyLewis
Posts: 194 ✭
Acording to the inflation calculator, with silver at $ 11.64, that is the equivalant
of $ 4.24 in 1980 dollars . It's actually even worse since the inflation calculator
only goes as high as 2007 , so we are actually probably right at $ 4 if not high 3's .
Also worth mentioning , silver's "Hunt brothers high" of $ 49 oz in 1980 would be the equivalant of
$ 121.81 in 2007 dollars . And since their is alot less silver in the world now than 28 years ago,how can anybody
NOT see the manipulation going on?!
Greg
of $ 4.24 in 1980 dollars . It's actually even worse since the inflation calculator
only goes as high as 2007 , so we are actually probably right at $ 4 if not high 3's .
Also worth mentioning , silver's "Hunt brothers high" of $ 49 oz in 1980 would be the equivalant of
$ 121.81 in 2007 dollars . And since their is alot less silver in the world now than 28 years ago,how can anybody
NOT see the manipulation going on?!
Greg
0
Comments
Wow! $4.24 in 1980 dollars! That's something to think about. I didn't think it would drop under $12 this year - Wrong again Batman - Drats!
This has a HUGE amplifying effect on the drop as margin calls are triggered and takes it down even more than it would have.
The PM Banks know where all of the stops are set.
Do I have proof? No, but I did stay at a Holiday Inn Express, last night..
But given there are only 2-3 PM Banks that have subtantially, the entire short Market covered with their positions, + greedy human nature as it is, + no govt. oversite , the probability % is in my favor on this one.
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Every market-maker - in every market - sees the STOPS on their screen.
They can farm as deeply as they wish, and then dump into the ensuing
upticks.
It is suicidal to use tight STOPS. It guarantees you will lose your position
and your money.
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If it keeps going down, it could be worth $4 in "2008 money," too.
what is the average production cost of an ounce of gold, now?
and for that matter, silver?
<< <i>and gold "should" be worth $2000 or more....today in 1980 dollars
what is the average production cost of an ounce of gold, now?
and for that matter, silver? >>
i heard gold was anywhere, depending on the miner, from 350-450.
silver is usually gathered from other mining efforts in a lot of cases..
gravy on top of other mining if i remember correctly.
from what i just googled about silver saying 3-4 bucks an ounce is a reasonable guess.
"Or you could look at it that the your dollar in 1980 in now worthless in 2008."
Actually today's dollar is worth 37 cents in 1980. Try out one of the inflation calculators on the web. It's scary.
and for that matter, silver? "
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My WAG is about......
<$5+/- for silver.
<$370+/- for gold.
Energy costs - electricity/fuel - must have some effect, over time.
Labor, in some cases, might be a moving factor, too.
If you reverse engineer some of the SEC-filing info on the mine-stocks,
you might get a little closer to a "real" number. (You can prolly back-out
some expenses from revs, and get a fair idea; but, not really an exact
number.)
<< <i>And since their is alot less silver in the world now than 28 years ago,how can anybody
NOT see the manipulation going on?! >>
On what basis do you assert that consumption has outstripped mining over the past 28 years?
Also, in 1980, silver was used for developing photographs whereas we use digital cameras now. If anything, the demand for silver should be lower per capita than in 1980.
<< <i>
<< <i>And since their is alot less silver in the world now than 28 years ago,how can anybody
NOT see the manipulation going on?! >>
On what basis do you assert that consumption has outstripped mining over the past 28 years?
Also, in 1980, silver was used for developing photographs whereas we use digital cameras now. If anything, the demand for silver should be lower per capita than in 1980. >>
we used to have silver coins in circulation also. as everyone here
knows that ended too. they are now free to be melted as seen fit.