Thursday, May 27, 2010

Silver Investing - What Price Silver?

In 1980 silver topped out at about $50 per ounce. As of this writing, silver is hovering around $18.50 per ounce. The question is: if silver was at that lofty price in 1980, where would the price be today adjusted for inflation? The answer is >>>> $133.31 per ounce!

Where did that price come from you ask? If you go to the Minneapolis Federal Reserve's web site at MinneapolisFed look in the upper right hand corner where it says "What is a dollar worth?". By plugging in the figures of 1980, $50 and 2010, the calculation will display as $133.31. If you invested in silver and the price reached just half the amount, wouldn't that be a nice surprise?

Happy investing.