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<p>[QUOTE=&quot;WingedLiberty, post: 1161968, member: 26030&quot;]I always like to look at the past to give some insight on what potentially could happen in the future:</p><p><br /></p><p><br /></p><p><br /></p><p>&nbsp;- In 1964 silver was around $1 an ounce (maybe a bit over?)</p><p><br /></p><p>&nbsp;- Over the next 10 years into the mid 1970s, silver moved steadily up to around $10 an ounce (so that was a 10x move)</p><p><br /></p><p>&nbsp;- Silver then went parabolic in the late 1970s to 1980 moving from $10 to $50 (an additional 5x move, for a total move of 50x)</p><p>&nbsp;&nbsp; then quickly back down to $20 then $10 (giving up the parabolic move entirely in a few months in 1980)</p><p><br /></p><p><br /></p><p><br /></p><p>Silver then languished for 21 years taking a choppy path between $5 and $10 an ounce</p><p><br /></p><p><br /></p><p><br /></p><p>&nbsp;- In 2001 silver was around $4 an ounce (close to a 22 year low).</p><p><br /></p><p>&nbsp;- Over the next 10 years or so into the year 2011, silver made a 10x move to over $40.</p><p><br /></p><p>&nbsp;- So if history repeated itself the next explosive parabolic move would be another 5x on top of that, taking silver to $200/oz</p><p><br /></p><p>&nbsp;- Then if history repeated ... it would collapse back down to $40, which would become the new long term floor.</p><p><br /></p><p><br /></p><p><br /></p><p>Of course the dynamics of that parabolic move in 1980 were different, because in 1980 it was due to a few people (the Hunt brothers) trying to corner (manipulate) the silver market.&nbsp; </p><p><br /></p><p>Today the dynamics of the silver (and gold) move is much more expansive and pervasive due to the massive printing of unbacked currency and devaluation of paper money and a lot of foreign governments and foreign (perhaps asian?) people wanting to diversify away from paper currency (esp away from the U.S. Dollar).</p><p><br /></p><p>Not saying that $200 silver is definitely in the cards or anythng, however I&#039;m just looking at the past.&nbsp; It&#039;s sort of an interesting mental exercise.&nbsp;&nbsp; I do think $100 silver could easily happen in the next few years though.[/QUOTE]</p><p><br /></p>

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