Posted on 01/22/2012 8:15:12 PM PST by Spydergoo
Hoping for an education from some Freepers on history and future of silver and gold prices. When I look at the historical price of silver, it looks like we've seen this trend before in the late 70's and early 80's. Prior to this, it was under $10 an ounce, then spiked to about $50 an ounce, then back down to $10 for a couple of decades.
My question is, why should we not expect it to drop back down to a historically baseline price of around $10 an ounce within the next couple of years?
If you can answer that, how about part two...
Historically, Silver is about 1/16th the price of gold. It is now about 1/50th the price of gold. Is there reason to believe that this won't come back into historical ratio?
I'm not trying to get flamed here, just looking for some answers and wisdom for long-term investing.
Source: http://silverprice.org/silver-price-history.html
I always like to throw this 1966 Greenspan article out when discussing PMs with people that are new to PMs’s
http://www.321gold.com/fed/greenspan/1966.html
I always like to throw this 1966 Greenspan article out when discussing PMs with people that are new to PMs’s
http://www.321gold.com/fed/greenspan/1966.html
In case you are interested...
http://www.uncommonwisdomdaily.com/turning-points-imminent-13621?FIELD9=3
Yeah, there is such a large range to move in with gold and silver, it is actually moving sideways off their highs. Don’t expect much action until next August. Better trading than holding with these swings until then.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.