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To: Spydergoo
I'm no expert. but the silver spike from the late 70s, early 80s was caused by the Hunt brothers trying to corner the market. That situation could not last, and the price dropped back to a normal level.

I see no reason to think that the current prices are being manipulated like that. I think fiat money isn't trusted, and that millions of people are placing a lot of faith (and value) into precious metals. The current price surge may not last forever, but seems (to me) to have fair longevity and a reasonable chance of increasing some more.

3 posted on 01/22/2012 8:22:07 PM PST by ClearCase_guy (Nothing will change until after the war.)
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To: ClearCase_guy
the silver spike from the late 70s, early 80s was caused by the Hunt brothers trying to corner the market

Yepperdoodle...that's what the silverclimb was all about. I guessed right and converted my silver into $ which I than converted into gold seeking equipment...I then sold off the equipment after usage. I retired at 50...and may have to now look for gainful employment after investing my gold into the market.
24 posted on 01/22/2012 11:36:11 PM PST by crazyhorse691 (Obama is just the symptom of what is destroying the U.S.)
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