Silver Price at $150 by 2007/2008

[GoldNugget]

An interesting article by David Morgan posted at Silver-Investor.com which gives an insight into how high the silver price might go in the next few years.


Social Security- Security or Insecurity?

After Warren Buffett announced his silver purchase in 1998, Forbes magazine ran a brief article on silver and included a very interesting graph. We of course are well aware that Buffett recently announced that Berkshire Hathaway did sell their silver just about the time the Barclays Silver iShares Exchange Traded Fund began.








This graph provided 600 years of silver prices in 1998 dollars. So, all the inflation is taken out of the equation, and the prices reflect silver's true value. In constant dollars, silver's purchasing power averaged $150 per ounce in 1998 dollars for 600 years. This is the average purchasing power for 600 years; obviously, silver has nothing close to that "value" today, which provides one unbelievable investment opportunity.


The question becomes whether silver will ever reach either the $150 nominal value or, better yet, the purchasing equivalent of the 600-year average? According to long-term historical standards it must, but will we all live long enough to benefit from this?



The Silver Investor is on record as stating that silver could trade as high as US$100 per ounce in nominal terms and perhaps higher. It is our belief that this will most likely occur on a price spike and the price will quickly adjust downward but establish a new range. We are looking at 2007-2008 as the area for a large price spike, but not the final spike! We will need to study the market activity to make our best call at the time.

[delkulara]

Is GoldNugget is the organ monkey for David Morgan?
Qualities of an organ monkey include being chained to the organ of its master,
as the organ monkey is a slave to the organ grinder,
kept in the dark by domestication from the truth that it is not free and its life is dictated by the organ grinder that manipulates the monkeys thought processes & actions.

GoldNugget do you just spew the nonsense you post or simply post it to manipulate others out of the desire of potential personal gain?

The #s in that chart are bogus!
1 example is that the chart shows in 1844 silver is at least 75 to 80 dollars
an ounce with inflation added in.
YET when I look at the Historic annual average price of an ounce of silver in USD. "Data from kitco".
found at: http://en.wikipedia.org/wiki/Image:A..._1792-2005.png
I see that silver was 1.292 an ounce in 1843.

I then go to:
http://www.westegg.com/inflation/
To use a inflation calculator and enter in your charts phoney baloney #s
things do not come out no where near as stated in the chart you posted.

What cost $1.292 in 1844 would cost $25.60 in 2005.
NOT 75 to 80!as the bogus chart shows.
Why Mr. Morgan is not happy with 25.60 an ounce shows he is a very sick individual,lost in greed and attempting to trick the blind for personal profit.



When I read the link to
Social Security- Security or Insecurity?
by David Morgan

I see he crys like a baby that he was not given a white house fellowship in the 80s

This is an area dear to your editor because as I was working toward my masters in Economics/Finance in the ’80s, my main professor asked me to apply for the White House fellowship program. Without going into any detail, I did apply and part of the application process was to write a policy change paper. The policy change paper written by me was how to “fix” the Social Security system. This was done over twenty years ago, when the possibility of finding a solution was much more viable than today. My application was rejected and I never made it to the first round of interviews.

I bet it was because he could not do math and was seen a manipulator of #s
& not because he exposed(touched) a political sacred cow.

I had touched one of the political sacred cows and no one was going to reach out and touch me.

lol lol lol lol lol what a crybaby!Of course they would not touch him as all that touches the "sacred cow" is tainted.
Please look up "golden calf"! aka sacred cow.


In his article he goes on to state:

Before you think this writer has completely lost it, consider the fact that for centuries silver was used as money and the average worker earned roughly an ounce per day. One ounce of purchasing ($150) could be considered valid, using the 600-year average we are discussing.

He did not lose it!
He simply did not ever have a mind trained in having high thought processes,he is to busy living in a greed based mindset IMO.

First his average 150 is false & manipulated #.

lets look at 1901 #s from:
http://www.centuryinter.net/tjs11/hist/y1901.htm
"The average wage in the U.S. was twenty-two cents an hour. The average U.S. worker made between $200 and $400 per year."
this comes out to:
lets take the higher # of $400 dollars a year when I add it into the inflation calculator I get "What cost $400 in 1901 would cost $8862.24 in 2005" which is about 23 dollars a day(of todays monet equivalent) when one factors in a six day work week,or $34 a day(in todays money)for a 5 day work week.
***No way near 150 a day!***
***note the average worker also worked from dusk till dawn as well***



Second he has no clue what "average workers were paid" over centuries.
The "average worker" for centuries was almost slave like until recent times!
It is only in the last 100 years that the "average person" could make job choices easily and get an education and a decent paying job!

Third to state that "with inflation added in" the average worker for centuries
made 150 dollars in todays equivelent amount of money is to state that the average worker for centuries brought home 900 dollars in todays money for a six day work week.
If one could tell coal miners and factory workers of 100 years ago that they would laugh at you and then cry at the ignorance being spewed by Mr.Morgan and you.
A few highly skilled(college educated) and trained foreman/supervisor types might have made close to that equivelent but foremen & supervisors were not the average workers!
And those under them(average workers who were worked to the bone)where only in very recent times able to earn half of what their forman earned.
A century ago average workers would be considered extemely poor by todays standard of living!

This article is complete bull just like just like his sacred cow defense for the reason he did not get what he desired.(a job at the white house)
I stay away from those that tout around and pull up
golden calves/sacred cows in defense of there ignorance of truth,any wise person does not touch them as they are contaminated with ignorance.

Peace and Aloha
***note***Hindus do not worship the cow they simply respect it and hold it dear to them as it is more valuable in the long run for milk production(long term) as opposed to meat production/slaughter(short term)!
the non eating of cows started with krishna(The first possible recorded instance of a Krishna who may be identified with the deity can be found in the Chandogya Upanishad (ca. 900 BCE).)before then they ate them and sacrificed them,interestingly this is after the time of Aaron and the golden calf.

*** note in the inflation calculations I used the most current #s as of 2005 as the year***
***not 1998 dollars as used in the bogus chart chart provided by manipulators***
***the 1998 #s would have been even lower #s***