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 SILVER – The People’s Metal5 comments to SILVER – The People’s MetalLeave a Reply |
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I trust God, Wife, Silver……..eveything else is rubbish.
Isn’t it misleading to use the $50 price for the high of silver? I mean, it was at $50 for what a day? Then came crashing down. Wouldn’t it be better to use the monthly or yearly average instead, which I think is somewhere in the mid 20s. Just saying…if people use the very peak of the stock market before the 1929 crash it would suggest something entirely different than if they used the highest months average or highest yearly average and even those numbers are unsustainable peaks.
I’m all for gold and silver investing but I just think a more sensible number should be used when comparing its current price and potential upside.
This is a great website to look at: http://www.chartsrus.com/
In particular, this graph: http://www.sharelynx.com/chartsfixed/SI1980.gif which shows how it crashed, and how the $50 mark was totally unsustainable and not even close to the average price achieved.
Another great graph is the gold graph showing how it sustained its prices much better, here: http://www.chartsrus.com/chart.php?image=http://www.sharelynx.com/chartsfixed/GC1982btm.gif
Just a thought…
This is a good site to see how the price average was well below $50. http://www.silverinstitute.org/site/silver-price/silver-price-history/1979-1980/
So I would suggest using $15-20 would be a more realistic number when trying to determine its current real price and potential growth, even though these numbers are probably high too.
$850 for Gold was unsustainable too and was brought down.
Agreed. I just don’t think its smart or honest to base projections on the peak of a market, especially since it crashed soon after.