Holy Freaking Silver! After listening to the conference call with the silver big names, which I previously posted, but hadn't had the time to watch, I am crazy over silver. The nominal high is $50, and I have read and knew that the inflation adjusted high was around $130. But, I failed to take into consideration if inflation was calculated the way it used to be, you know with things like gas and food included. One of the guests in the conference call said if you do that, the real inflation adjusted high for silver is over $400/oz. That's, as they say, a 10-banger away from where we are now. In addition, the combined consensus was that the high for silver would be anywhere from 3-8 years from now. A.k.a get a 1000% return on your investment by buying silver today, and eating popcorn for 5 years and then retire early and play golf and go fishing.
To satiate my urge to go all in, I only added a small position in PSLV and bought some 90% silver dimes phyzz today with silver at $35. I still have more dry powder for use if we get down to the low 30's again. Long and Strong Silver!
http://zibrus.blogspot.com/2011/05/call-leaked-biggest-names-discuss.html
Happy Investing =)
z
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