STUNNING Chart Shows Silver Prices Could Be Headed to $700/oz!!
http://www.silverdoctors.com/silver/silver-news/stunning-chart-silver-prices-headed-to-700/
Although this is a few months old. Does anyone still think this will be possible? I know I'd be sitting VERY pretty if it reached these numbers... My only concern is that $$ would be close to worthless at that point..
An interesting correlation between this "estimate" by Silver Doctors and the US Debt Clock http://www.usdebtclock.org/ is very close. A little over $800 for US Debt Clock. Are they right?
Silver and gold do not go up in value, they just maintain value. They measure the decrease in purchasing power of fiat currencies. For instance a house in 1950 may have cost 8,000$ or 200 ounces of gold. In 2014 the same house may have cost 320,000$ but still only 200 ounces of gold.
Interesting. Thanks for your input
Thanks for upvotes :)