List,
Some discussion of silver investments has come up recently. I read
today an interview in which a noted analyst pointed out the following:
In 1980 you could buy the average family house for 1,500 oz. of silver.
Today it would take 40,000 oz. of silver.
There are a number of ways of looking at this, of course, but it
suggests that the price of silver is very low relative to another
"real" standard of value. NB the value of real estate is relatively
low in relation to stocks. It does lend some credibility to one
silver bull's argument that silver prices are artificially low due to
various manipulations of the price.
JBB
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