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<p>[QUOTE=&quot;mikem2000, post: 1773410, member: 30574&quot;]OK, that is quite the statement, let&#039;s take a looksey at it. First off, the statement strongly suggest that fair value is not in play and silver is artificially undervalued. So lets look at it from that angle. I will assume for arguments sake that you are correct. So silver is trading at about $23 an oz. current date. Now let go back 200 years and silver was trading at a dollar. We adjust that to inflation and we get Silver was trading at $33.00 inflation adjusted in 1800. That is very close to the value now.</p><p>&nbsp;</p><p>Sooo, if we believe fair value is not in play now and it would be trading at a parity with Gold at $1300 plus if it was in play, the only logical conclusion to draw is, fair value was not in play in 1800 either. I mean, are we saying, $33 (inflation adjusted) WAS fair value in 1800 but the fair value has skyrocketed to over $1300 now. That would just not make sense, especially considering it is so much easier to mine silver now with all the technical advances we have made.</p><p>&nbsp;</p><p>The only conclusion to draw is that silver has been artificially suppressd for over 200 years. BTW, we can take that back even further, possible thousands of years, but lets just stick to 200 years for now.</p><p>&nbsp;</p><p>So the question being, why in the world could you possible think that fair value could magically come into play during your life time, when it hasn&#039;t for WELL over 200 years. That is certainly not a bet that I would like to take with an all-in philosophy. That is simply playing the wrong side of the odds. I mean, not only does your unsupported wild logic need to be correct, but the sitution needs to be fixed in the next 50 years or so, when it has been broken for over 200 years, and more likley thousands of years. Like I said, bad odds for an all-in bet, but hey people play the Hard 8 roll in craps every day, to each his own.[/QUOTE]</p><p><br /></p>

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