Thursday, February 21, 2008

Kitco - Silver Page

Kitco - Silver Page
Have you seen the price of silver lately? It's setting new records (up 19% so far this year, and breaking new records every day) - (though, on an inflation adjusted basis, it's still way below 1980 levels, when those brothers tried to corner the silver market). On an economic level, there are some parallels between now and 1980 - inflation, slower growth (recession?), etc. With the weakness of the dollar continuing (making imports more expensive here), precious metal markets are reflecting continued inflation fears. Hmmm...

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