I remember reading that silver is still below it's all-time high. Jim Rogers mentioned it recently too. I'm having trouble finding out when that was though. I can't see the spike on this historical silver chart
In AUD$ term the high point for both Gold and Silver (closing Ask price) in the 1980’s was on 21/01/1980.
Gold closed on that day at AUD$752/oz
Silver closed on that day at AUD$46.37/oz
- in US$ I believe the high point for silver was $52/oz in Jan 1980
- remember these are 1980 prices and should be adjusted for inflation for a true understanding of how undervalued Gold and Silver really are. I did the sums midway thru last year in this post:
I remember reading that silver is still below it's all-time high. Jim Rogers mentioned it recently too. I'm having trouble finding out when that was though. I can't see the spike on this historical silver chart
ReplyDeletehttp://www.kitco.com/scripts/hist_charts/yearly_graphs.plx
In AUD$ term the high point for both Gold and Silver (closing Ask price) in the 1980’s was on 21/01/1980.
ReplyDeleteGold closed on that day at AUD$752/oz
Silver closed on that day at AUD$46.37/oz
- in US$ I believe the high point for silver was $52/oz in Jan 1980
- remember these are 1980 prices and should be adjusted for inflation for a true understanding of how undervalued Gold and Silver really are. I did the sums midway thru last year in this post:
http://ausbullion.blogspot.com/2010/08/adjusting-for-inflation.html