Re: Silver
in response to
by
posted on
Feb 24, 2011 12:57PM
We may not make much money, but we sure have a lot of fun!
Not to split hairs
"That's one hell of job they're doing to suppress the silver price, isn't it? From a low of 5 bucks to over 30 in 2 years? Sure wish they'd suppress my stock portfolio like that. I wouldn't have to work like poor old Misery Bear ever again."
When you wrote this i think you meant 10/12 yrs rather than 2, that changes the outlook dramatically. Silver has not risen from 5 to 30 in 2 yrs.
Also as i wrote, what item that is needed, not preferred, has not reached prices higher than they were in the 70's and 80's....gold has reached it nominal high and many were convinced to sell[they wee tricked] but is way off it's adjusted for inflation highs.
Silver is not near even it's nominal highs let alone it's adjusted for inflation highs.
That is almost impossible considering the uses for silver
It will all end badly for those suppressing the prices, likely though they will have turned long just as it looks like the prices are about to crash to ensure most have been thrown off the bull. They then will benefit from their own thumb being taken off the prices.