Posted by Mike (WA) on February 26, 2014 at 08:47:17 from (69.10.199.171):
In Reply to: Re: Buying Silver? posted by hughb on February 26, 2014 at 06:39:42:
I'm puzzled about your statement that "over the long term, silver has dropped." I bought junk silver coins for 3 times face in the late '70's- that's a little over $4 per oz. True, the Hunt brothers ran the price up to about 40 when they tried to corner the market, but that was a completely contrived event that didn't reflect the real market at all. Then back down to 5 or 6 bucks, for many years. Then gradually up to the high teens several years ago, a brief runup to high 40's, now back to low 20's. Unless you're comparing today's price to the height of the Hunt Bros. fiasco, I don't get it.
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