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Re: goforthebet post# 429

Tuesday, 11/02/2010 10:54:08 PM

Tuesday, November 02, 2010 10:54:08 PM

Post# of 1031
Well in 1929 the average price of silver was Ag 48.8c/oz -

Therefore a million dollars would buy you Ag 2,049,180 oz

The closing price of silver on Friday was $24.75/oz which
would require you to have $50,717,205 to be considered
the equivalent of a 1929 silver millionaire.

The fiat dollar has lost therefore about 98% of its value
since 1929 in silver terms.

I do try my luck with U.S. Silver smile


(USSIF / TSX-V:USA)
is more mature silver mining company that owns
the Galena Mine in northern Idaho’s historic Silver Valley.

There is about 21 million ounce of silver proven and
probable reserves.

Galena Silver $24.77/oz x 21 million ounces = fiat$520,170,000.00

plus;
all copper, lead and zinc reserves smile

plus;
The company also owns additional Silver mines smile
Coeur and Caladay smile
and rather uniquely, the three properties are connected
by tunnels smile

plus;
In addition to the current silver production, there are large
bodies of ore that could potentially provide current and
future growth production ~<smile
compare to USSIF Market Cap: fiat$149,660,840.00

I do prefer my Silver assets in Prime Hardrock Safety Box ~<(smile)
http://www.us-silver.com

http://www.us-silver.com/i/pdf/factsheet/ussilver-factsheet.pdf
Merry Christmas ~<smile

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