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Gold/Mining/Energy : Silver prices
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To: Alan Whirlwind who wrote (5024)5/5/2002 5:09:08 PM
From: Canuck Dave  Read Replies (1) of 8010
 
Here are the exact numbers for silver.

In 1966, silver averaged $1.23 (Numbers from Kitco historical data section).

Cumulative inflation Jan. 1 1967- Dec. 31 2001, 427% (Numbers taken from web off some site I can't remember).

So, current silver price in 1966 dollars is 4.59/(1+4.27)=87 cents, about 1/3 lower than 1966.

I consider the inflation adjusted Dow 1870 close in 2001 to be Wall Street's OTHER dirty secret.

CD
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