From the 1-22-2013 TUESDAY AFTER LUNCH MONEY MEMO . . .
“The Hulbert Gold Stock Sentiment Indicator is now minus twelve.”
Jan. 4, 2013
I’m dealing with the emotional effects of my family having put my 95 year old mother into an “Assisted Living Facility.” I’ve named it “Tundra Vista”. Writing is just not on my mind now. So, when times are tough like this, the tough get to stealing, pardon me, borrowing totally, from another website.
In 1980, silver was $50 an ounce. Today it’s somewhere in the neighborhood of $32 an ounce. A Chevrolet in 1980 was $7000. The average house cost $68K. Average income was $19K. Take a look around you. ALL of those numbers in 1980 have soared upwards…except silver. http://www.thepeoplehistory.com/1980s.html
The world produces less than 700 million ounces a year from copper, zinc, gold and lead mines (2/3 of silver comes as a byproduct of other primary minerals). There are very few pure silver mines in the world…perhaps a couple of dozen. Continue Reading