Friday, December 3, 2010
Silver is still undervalued when you base it on Golds run over the past 2 years. In 1980, gold hit $850 an ounce and Silver hit a high of $50, partially due to the Hunt brothers attempt to corner the market. In any case, that was the all time high. Gold has surpassed the $850 level in 2008 and Silver has not even reached $30 in 2010. Talk about a discount and deal..... Still a bargain at these prices, especially when it's going to double from here.
Labels: Silver undervalued Gold