Silver is the only commodity that has not reached an all time high price in the last few years.
Gold is almost twice it's previous all time high of $850 in 1980.
Silver has been held down but it's like a coiled spring that is being over-tensioned.
When it snaps, look out.
I think Eric Sprott is the modern day Hunt Bros.
He recently started the Physical Silver Fund PSLV which buys physical silver not paper silver.
Silver is in the 18th year of this historical bull market.
The price of silver hit it's all time low at $3.50 U S Dollars per troy ounce in 1993.
1 troy ounce = 31.1034768 grams
1 avoirdupois ounce = 0.911458 ounce troy
12 troy ounce = 1 troy pound
16 ounce = 1 pound avoirdupois
No comments:
Post a Comment