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<p>[QUOTE=&quot;Cloudsweeper99, post: 94418, member: 3011&quot;]I&#039;m not sure why people keep referring back to the 1979-1980 silver price spike as if it had some relevance to today.&nbsp; It reminds me of many stock market articles that explained how the market would fall back in price when the DJIA rose above 1,000 around 1983 because that&#039;s what always happened since 1966.&nbsp; </p><p><br /></p><p>There is no doubt that silver was overpriced back then at $30-$50.&nbsp; But a lot has changed.&nbsp; Silver is now selling at single digit prices.&nbsp; It has basically gone nowhere in 25 years.&nbsp; How many things can you buy now for the same price as 1979?&nbsp; I purchased a brand new 1978 Ford Mustang for $2,900.&nbsp; Most of the silver that is available to melt for less than $20 per ounce was melted long ago.&nbsp; World stockpiles of silver were measured in the billions of ounces.&nbsp; Now the Comex has about 100million ounces, roughly half of it not available for delivery.&nbsp; Since the 70s, the central banks of the world have flooded the economy with paper, and practically everything costs more, except silver.&nbsp; Check out growing demand from Asia, which has traditionally had an affinity for silver even greater than they do for gold.&nbsp; Check out the futures markets.&nbsp; There are more ounces sold short than exist in the world for delivery.&nbsp; I think I know how that story will end, the only thing in doubt is the timing.&nbsp; Sometimes it&#039;s easier to determine what will happen than when.</p><p><br /></p><p>So times and conditions change.&nbsp; The expectation that silver will return to $5 and stay there is unbelievably unrealistic in my opinion.&nbsp; And I freely admit it is just an opinion, backed by analysis of the silver market.&nbsp; Only time will tell, but in my opinion single digit prices for silver will disappear over the next few years, perhaps forever.&nbsp; Five years from now, people waiting for $5 silver will be thought of in the same light as the people waiting for the return of $.35 per gallon gasoline.</p><p><br /></p><p>If you want silver or more silver, now might be a good time to get it.&nbsp; If you need that one Morgan to complete your collection, but it looks $10 too high in price, now might be a good time to get it instead of waiting until the price comes back down to &quot;normal&quot; levels.&nbsp; If you intend to buy 2006 ASEs, now might be a good time to pre-order them.&nbsp; If you bought silver coins at cheaper prices and are thinking of selling them because you can make a profit of $1-$2 per coin, put them away for a few years.&nbsp; Selling silver at single digit prices might be the mistake of a lifetime![/QUOTE]</p><p><br /></p>

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