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RE: STUNNING Chart Shows Silver Prices Could Be Headed to $700/oz!!

in #silver7 years ago

Silver and gold do not go up in value, they just maintain value. They measure the decrease in purchasing power of fiat currencies. For instance a house in 1950 may have cost 8,000$ or 200 ounces of gold. In 2014 the same house may have cost 320,000$ but still only 200 ounces of gold.

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Interesting. Thanks for your input