How High Can Silver Go?by Kevin McElroy
Nov. 02, 2010
UK: Muslim Teacher 'Told Class Charlie Hebdo Victims Should be Killed for Insulting the Prophet'
Knockout Game In St. Louis: White Man Viciously Beaten 'For No Apparent Reason'
Canadian State TV Hails 'Beige Horizon' With No White People
'Kick Them Out Of Our County': Geert Wilders Shares Shocking Vid Of Migrants Rioting In The Netherlands
With Carson Pick For HUD, Trump Makes Good On Promise To End Obama's Forced 'Diversity' Scheme
Legendary commodity investor and hedge fund manager Jim Rogers recently pointed out that silver prices are 50% below all time highs.
He’s talking about the brief momentary highs of nearly $50 an ounce back in 1980. With silver currently selling for less than $24 an ounce, Mr. Rogers is technically correct. But priced in 2010 dollars, the inflation adjusted high for silver would be closer to $124.
So if you believe that silver prices will make new inflation adjusted highs, then you’re expecting to see a five-fold increase in the price of silver.
Silver has already trounced just about every other asset so far this year – it’s up 40% since January 1st.