Re: Price of silver
Dave Thank for the information but I must caution everyone on some of the predictions of Silver and Gold. I can remember 1979 and 1980 when silver hit 50.00 an ounce and gold at 800.00. The Hunts were buying the silver and everyones prediction was 100.00 an ounce and gold at much higher than the 800.00 and ounce. The market dropped like a rock in water in just a few days. Silver dropped to 12.00 and ounce and gold to 500.00. By the endo the year it was below 10.00 on silver. Dealers lost millions and some went out of business. I can remember a friend of mine saying he was going to buy a $1000.00 bag of 90% silver coin from a dealer for 45,000. I cautioned him the same way I am today. The market has gone up extremely fast and probably will have a correction if not at some time it will. Good luck to all and have fun collecting. Ted Pamperin SS171