madfranks
14th July 2017, 12:16 PM
This is amazing - accounting for inflation, silver is dancing on historic lows! Maybe it really is time to back up the truck?
https://s3-us-west-2.amazonaws.com/gs-live/uploads%2F1498846969883-chart1.png
https://goldsilver.com/blog/heres-what-stupid-cheap-looks-like-the-inflation-adjusted-silver-price/
If we use the 1980 formula to measure inflation, you can see the current price is near all-time inflation-adjusted lows. In fact, silver is selling below 1970 levels!
You can also see that its 1980 peak would be the equivalent of $606.30 per ounce today. Silver may or may not get that high, but this shows just how great the potential is.
https://s3-us-west-2.amazonaws.com/gs-live/uploads%2F1498846969883-chart1.png
https://goldsilver.com/blog/heres-what-stupid-cheap-looks-like-the-inflation-adjusted-silver-price/
If we use the 1980 formula to measure inflation, you can see the current price is near all-time inflation-adjusted lows. In fact, silver is selling below 1970 levels!
You can also see that its 1980 peak would be the equivalent of $606.30 per ounce today. Silver may or may not get that high, but this shows just how great the potential is.