Relevant:
- Silver Surges to Record, But Inflation-Adjusted High Still Far Away
- GoldCore Comments On Silver Shortages And A Possible Price "Tipping Point"
- Retail Silver Market Has Seized Up - David Morgan
- James Turk - Silver Backwardation Near All-Time Record (As Silver Hits $38/oz)
- Silver Action a Reminder of the Risks of the Paper Market
2008-05-09 — financialsense.com
... gold has crawled, from 260.00 to 880.00, for an increase of 338%. Gold is currently trading at 1/3 rd of its inflation adjusted previous high price.
Silver from 4.00 – 18.00 has increased by 350%
Silver is currently trading at 1/8th of its inflation adjusted previous high price. That’s right, silver has to increase by a factor of 8 times to reach 135.00, which is its 1980 price, when adjusted for inflation. And that’s if you use the official CPI numbers. By using actual inflation data, the number is even higher.
Back up the truck, kiddies!
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