Thread: $6000 silver
View Single Post
Old 07-17-2012, 11:16 PM   #6
CuittisIL

Join Date
Nov 2005
Posts
726
Senior Member
Default
It's Bix Weir. He's a fucking retard. He's never been right about any of his "predictions".
maybe so, but it made me think.

up till 1964, when silver was used as currency in the US, a silver dime sold for face.

today, with silver at $27.26, a silver dime has about $1.97 of silver in it - about 20 x face.


if silver rises an equivalent amount, i.e. 20 times today's price, that takes it to $540 an ounce.

took 48 years to get to 20x face - how many years till that silver dime has a dollar valuation of 400x face ?
CuittisIL is offline


 

All times are GMT +1. The time now is 08:38 AM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Design & Developed by Amodity.com
Copyright© Amodity