silver is now down 97% from it's inflation adjusted high in the 70's, it should be $500 to $600 per oz. All commodities, Autos and real-estate have increased over 1000% since the 70's silver is the only commodity to fall. Up until the 70's silver was real money.
Price inflation in the US: http://www.free-bullion-investment-guide.com/price-inflation...
Here you see that silver is the most under valued in the history of the world: http://www.youtube.com/watch?v=GPM7SxivEng
There is only a finite amount of silver to mine at these prices debt clock is even tracking precious metals: http://www.usdebtclock.org/gold-precious-metals.html
Here you will see India and China are on track to import all silver produced in the world what are the rest of us going to use? http://www.dailypaul.com/290865/sprottwe-will-nail-those-pap...
Silver must return to $50 per oz for sanity in the market, but I am looking for that $1000. per oz.
It's only a matter of time before the silver market goes to the inflation adjustment where all other commodities are. When that happens a suppressed market tends to over correct, so a $1000 per oz is very possible.
Gold standard: because man can not be trusted to control his greed