Silver Is On A Tear Today

Not at all. Good market insight......

 

Log in or Sign up to hide this ad.

So now the silver price is $85.29. On March 12, 2001, the price was $4.50. This means in 25 years silver did a 19x - up 19 times. So I am conflicted here, because I previously was conservative in my observations, but these numbers are insane. Silver actually beat inflation over this time frame. This also gives enormous credibility to the hyper-bullish silver bugs - not those at the extreme perhaps, but it gives them weight. They were right. We have to own this, even though during the worst of the bear market I turned sour on the permabulls.