Mint Sets And Junk Silver Prices

Silver just keeps dropping!

My prediction is based on history. I remember the spectacular run-up in precious metals in 1980 and the equally spectacular crash. Silver was exacerbated by the Hunt Bros trying to corner the market, but even without that spike it was a big run-up. Shops opened up everywhere - SELL YOUR GOLD! Toward the end of the cycle the airwaves were saturated with ads telling us to BUY GOLD! Then the bottom fell out of the market. Silver tanked all the way to $5. It rebounded to $15 once, back to $5, rebound to $10, back to $5 and pretty much stayed there until 2004. Gold was a more modest crash from $800 to $400. The silver:gold ratio was in the 80:1 ballpark for years. I think silver is still OVERpriced relative to gold. That's why I predict $15 silver and $1200 gold in a year or two as long as the Euro crisis doesn't tank the economy. But hey, guessing is free! I'm still waiting for a while before buying anything I need with 90% silver.