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<p>[QUOTE="Coinman_Ben, post: 698156, member: 9923"]I have to disagree if you're referring to absolute dollars rather than inflation adjusted dollars. Personally, I don't see one ounce of silver buying the same amount of merchandise that you could get with $50 back in the 1980's anytime soon, but in my opinion, based on history, which proves that when bad money enters circulation, good money goes into hiding, Silver will absolutely go back to $50, it's only a matter of when. It probably won't happen in the next couple of years, but if you measure the gdp of the United States in the 1960's (when silver was at the end of being money) and compared it with today's gdp, you will find that even by government's standards, silver should be $26.73 today. The government's numbers (which entitlement programs, which should really be added to the gdp are left out, which the congressional budget office estimates total to at least 9 trillion, so in my opinion, silver should be at least $34.04 if it is to just barely keep pace with inflation from year to year, so if silver were to all of a sudden, shoot up to $50 again today, it would be another anomaly, unless it was followed by an event that causes the dollar to weaken significantly, such as a formal devaluation, than in that scenario, it would be strange for silver not to go to $50 per ounce, just look at the Weinmar republic in Germany, just as the Great Depression was happening here in the United States, Germany was going through an inflationary depression while we were going through a deflationary depression. I know this was alittle off-topic, but sometimes a crash course in history is necessary to clear up false impressions and opinions that are based on emotion and sales pitches from stock and mutual fund brokers who just want your money (or coin dealer who specializes in rare, expensive coins who don't handle bullion for that matter). If I rocked anyone's boat, that's good because that's how people learn to think rather than react.[/QUOTE]</p><p><br /></p>
[QUOTE="Coinman_Ben, post: 698156, member: 9923"]I have to disagree if you're referring to absolute dollars rather than inflation adjusted dollars. Personally, I don't see one ounce of silver buying the same amount of merchandise that you could get with $50 back in the 1980's anytime soon, but in my opinion, based on history, which proves that when bad money enters circulation, good money goes into hiding, Silver will absolutely go back to $50, it's only a matter of when. It probably won't happen in the next couple of years, but if you measure the gdp of the United States in the 1960's (when silver was at the end of being money) and compared it with today's gdp, you will find that even by government's standards, silver should be $26.73 today. The government's numbers (which entitlement programs, which should really be added to the gdp are left out, which the congressional budget office estimates total to at least 9 trillion, so in my opinion, silver should be at least $34.04 if it is to just barely keep pace with inflation from year to year, so if silver were to all of a sudden, shoot up to $50 again today, it would be another anomaly, unless it was followed by an event that causes the dollar to weaken significantly, such as a formal devaluation, than in that scenario, it would be strange for silver not to go to $50 per ounce, just look at the Weinmar republic in Germany, just as the Great Depression was happening here in the United States, Germany was going through an inflationary depression while we were going through a deflationary depression. I know this was alittle off-topic, but sometimes a crash course in history is necessary to clear up false impressions and opinions that are based on emotion and sales pitches from stock and mutual fund brokers who just want your money (or coin dealer who specializes in rare, expensive coins who don't handle bullion for that matter). If I rocked anyone's boat, that's good because that's how people learn to think rather than react.[/QUOTE]
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