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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Why the price of silver could double soon

Posted on 10 October 2013

The current silver price is US$22 per ounce. This is a truly astonishing number for a few reasons. To begin, let’s take a quick look at the history books. In 1980 an ounce of silver reached a high of $49.95. So despite all the money printing and financial chaos in the world in the past 33 years, silver has gone backwards. This is truly shocking.
But when put into context it becomes even more ridiculous: If you went to fill up your car in the US in 1980, an ounce of silver could buy 180 litres of fuel. Fast forward 33 years and the same ounce would buy you just 26 litres of fuel………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 36199 posts on Opalesque Commodities Briefing.


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