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<p>[QUOTE=&quot;masterswimmer, post: 7337109, member: 102022&quot;]With your logic the price of silver should have hit the $80/oz in 2005-2010. There was only twice in history that silver ever hit $50/oz. The first time was in 1980, and that time it was manipulated by the Hunt brothers. 25-30 after that would have been the 2005-10 timeframe. Not only didn&#039;t it hit $80/oz, it failed to even reach the $50 plateau again. It did however hit $50/oz one other time, in 2011.</p><p><br /></p><p>The supplies of silver still unmined in the earth makes it an unbelievably common element. There is no shortage of silver.</p><p><br /></p><p>With your quoted statement that in 25-30 years silver might reach $80/oz you&#039;ve conveyed that you&#039;re looking to invest in silver based on a wish and a prayer. Nothing factual suggests, even remotely, that silver will eclipse the already short lived $50/oz it only reached twice (once with illegal manipulation) in history.</p><p><br /></p><p>I&#039;d suggest buying silver to satisfy your desire to hold a nice bar of silver. Doing it as a part of an investment portfolio is a fools errand. It&#039;s a collectible, nothing more.[/QUOTE]</p><p><br /></p>

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