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Gold/Mining/Energy : Precious and Base Metal Investing
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To: NOW who wrote (14732)7/24/2003 7:26:48 PM
From: austrieconomist  Read Replies (3) of 39344
 
te, I had a better response before but it got deleted in transit. Apologies. I tried to attach the Kitco long term charts for silver and for gold.

kitco.com

Those charts would not reproduce. If interested just go to the Kitco site and call them up. They show no movement for silver in deflationary terms. Also, I can't send this because it is hard copy, but Jerome Smith, a pretty well known silver afficionado, had a chart showing "inflation adjusted" prices for silver since 1850. The price continued in downward action from 1850 through 1960, when the U.S. price inflationary period commenced. There was a brief spike in 1935 for which I cannot provide an explanation but 1930 -1945 was generally a time of depressed prices for silver.

Gold long term was an even rather than a declining price until the re-valuations in the Roosevelt years. Then more price stability until the 1970's. How much of gold's action in the 70's was due to the ending of government price controls and how much was due to inflation? Undoubtedly both factors were at work.

I am just trying to intuit from Claude's comments that he believes that there will be inflation because there is not necessarily a good climate for silver if the economic outcome is deflationary, whereas many have posited that gold can do well in a deflationary environment. And Claude is looking for silver to confirm gold's price action.
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