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Buying Silver Is Like Buying Gold At $554 Today | Making Cents

Buying Silver Is Like Buying Gold At $554 Today

Buying Silver Is Like Buying Gold At $554 Today

I think that buying silver today is like buying gold for $554 an ounce. Let me explain: As I am writing, silver is currently trading at about 65.2% (32.6/50) of its 1980 high. If gold was trading at 65.2% of its 1980 high, it would be trading at $554 (0.652*850).

More…  http://news.silverseek.com/SilverSeek/1323354649.php

  • Posted on December 8th, 2011
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    Precious Metals News
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