In January, 1980 silver peaked at close to $50.00 per ounce and gold hit its high point of approximately $850.00 per ounce. Thirty-one years later, in 2011, both metals again reached lofty levels.
For gold, the new high point was $1900.00 per ounce. For silver, the number was $50.00 per ounce; again.
Six years later, as of this writing, gold is priced at $1260.00 per ounce. Silver is at $17.00 per ounce and change.
Over the entire thirty-seven year period, gold is forty-eight percent higher than its January, 1980 peak price; whereas, silver is sixty-six percent lower. Continue reading “Hi Yo Silver! sort of…”