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Is $50 silver the same as $850 gold?

secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
in Precious Metals
In other words, a historical number which, when surpassed, will just keep climbing?

Or is $50 silver more like $1,000 gold -- just a round number which (also) has no real significance as to eventual price?

Or is $50 silver the ultimate top in this bull market run?

My crystal ball is cloudy today... any insights would be appreciated. image
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)

Comments

  • GRANDAMGRANDAM Posts: 8,506 ✭✭✭✭✭
    Silver prices today have very little to do with silver prices of 1979/80. The previous highs were driven by investor speculation (The Hunt Bros)

    Today's silver prices are driven by fear of inflation and a real shortage of the metal.

    JMHO, GrandAm image
    GrandAm :)
  • RedHerringRedHerring Posts: 2,077 ✭
    I'm still kicking myself for not buying more gold in 2008 when it fell back under $800 so I went in for 200 more ounces of silver at $40 this month. Brought my average cost way up too - now I'm holding about 500ozs at $30/oz average.

    I see silver today as similar to gold in 2008 when it was $1000, silver could easily pull back under $35 this year but will be at $70 within 2 years. Just my hunch.

  • coin22lovercoin22lover Posts: 3,539 ✭✭✭


    << <i>I see silver today as similar to gold in 2008 when it was $1000, silver could easily pull back under $35 this year but will be at $70 within 2 years. Just my hunch. >>



    I certainly hope that's true. I've been waiting to be a contestant on the next "Double Yer Money" show.
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