Silver: Why Buy Now?

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  • If No Other Reasons... Consider This Case Of Why You Should Buy Silver Now!
February 28, 2013 12:28 pm est

Feb 28th 2013 7:45am est

In 1980, the price of one ounce of silver reached $50. Today, the purchasing power of the US dollar is substantially less than in 1980. The price of one ounce of silver would have to rise to $ 150 to reflect the value of the US dollar thirty years ago, assuming an average annual inflation of 3.5%.  The bull market of the silver price started towards the end of 2002. On the way from $ 4.02 to the recent high of $ 48.42 (an increase of 1,100%), several significant corrections took place, the most severe one in 2008 when the silver price sank by 56% only to jump 440% to a new high since the bull market started. We expect a similar move from the present base building as we had experienced from November 2008 to May 2011 as demand for silver, both investment and industrial, is rising strongly.

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