Silver For The People

Silver Stackers Can End The Silver Manipulation And Stop The Criminal Banksters

Donate Via Paypal

Donate Bitcoin

Revolver Maps

Emergency Essentials/BePrepared

Disclaimer

ALL CONTENT ON 'SILVER FOR THE PEOPLE' AS WELL AS THE 'BROTHERJOHNF' YOUTUBE CHANNEL IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. 'SILVER FOR THE PEOPLE' ASSUMES ALL INFORMATION TO BE TRUTHFUL AND RELIABLE; HOWEVER, THE CONTENT ON THIS SITE IS PROVIDED WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED. NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, COMMODITIES, OPTIONS, BONDS, FUTURES, OR BULLION. ACTIONS YOU UNDERTAKE AS A CONSEQUENCE OF ANY ANALYSIS, OPINION OR ADVERTISEMENT ON THIS SITE ARE YOUR SOLE RESPONSIBILITY.

Donate Via Paypal

Inflation-adjusted 1980 peak for gold would be $10,823 and silver $568 an ounce according to Shadow Stats

arabianmoney.net / 06 May 2014

A new calculation of the inflation-adjusted peak prices for gold and silver in 1980 makes a nonsense of claims that price metal prices peaked three years ago at $1,923 and $49 an ounce. Shadow Government Statistics has an inflation-adjusted $10,823 for gold and $568 for silver in figures produced for Casey Research.

Those who say that $1,923 was equivalent to the top of $850 in 1980 are simply talking rubbish and looking at an inflation-adjustment index that is deeply flawed and obvious nonsense. Consumer prices have not doubled in 34 years. They are up five-fold at least.

Room to rise

Casey Research also point out that the percentage rise in the gold price has been lower so far this time: ‘From the 1970 low to the January 1980 peak, gold rose 2,346 per cent. It climbed only 535 per cent from the 2001 low to the September 2011 high – nowhere near mimicking that prior bull market.’

READ MORE

Comments are closed.