It's wise to remember that circa 1980, many people who feared fiat money inflation felt that as 'real money' silver was still cheap between $20 and $50 an ounce. They were buying heartily, only to discover that it could get a whole lot cheaper. It traded well under $5 a decade later. Most anything can happen to precious metals prices as they are heavily influenced by powerful emotions. http://seekingalpha.com/article/455991-finding-a-true-value-for-gold-and-silver-part-i
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