Silver Bullion is Only About $1/oz in 1980 Money
In this 30 minute interview with economics and silver researcher Steve St. Angelo, they talk about silver bullion and how John Williams at www.shadowstats.com shows that the $50/oz 1980 high in silver in today’s inflation adjusted dollars equates to about $600 an ounce. Crazy. Even more, if $600/oz in todays dollars equals the all time silver high, then todays $13/oz silver is less than $1.50 an ounce in 1980 dollars. So when does the silver slide end? Even though we’re at 4 year lows, they think we’re close to a bottom. Listen to the interview to hear why they think wealthy investors are going to start buying up gold and silver bullion and the three key silver factors and charts to keep an eye on.