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Reply #9: In the late '80s, silver was in the doldrums [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Art_from_Ark

(1000+ posts) Send PM | Profile | Ignore

Thu May-20-10 09:26 AM
Response to Reply #5

9. In the late '80s, silver was in the doldrums

It was around $4.00-$5.00 an ounce for most of that time (1986-89), and I was buying 90% US silver coins for 3.2 to 3.6 times face value. If your friend had bought $25,000 in silver bars at that time, and sold them now, he would be making a very nice profit.

And silver has not been at the $1.40 level since 1970.

I get the feeling you just made up that story.

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