Silver is talking.
- Anybody listening?
1932 - Silver sells for $0.25/oz, $100 buys ~400oz.
1962 - Silver sells for $1.20/oz, $100 buys ~83oz.
1982 - Silver sells for $10.60/oz, $100 buys ~9oz.
2012 - Silver sells for $31/oz, $100 buys ~3oz.
Talk to me in twenty years.
Wednesday, 21 August 2013
Silver - Talk to me in 20 years......................from Rico
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2 comments:
But 10 years ago it was $4 an ounce and you could buy 25 ounces and now its $20. Still like your columns.
I don't see any point to this.
If you look at the rise of the DJIA over the same period, plus dividends, silver has achieved no better. I don't include silver storage costs.
So I call "bullshit"!
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