SGTreport 2/2/12

CriticalSilver · Feb 5, 2012

http://sgtreport.com/2012/02/special-report-500-silver-hyperinflation-sgtreport-exclusive/

This is a special report feautring Chris Duane from Dont-Tread-On.Me and David Morgan from Silver-Investor.com. Chris and I explore the 1/10th ounce silver payment for a hard day's labor which was the historical norm for centuries. And how that fractional payment will actually hold true in the future for millions of Americans once silver reaches its real all-time inflation adjusted high of $500 per ounce. David Morgan also joins us to explore the very real possibility of hyperinflation in the United States by the year 2014. So buckle up, this is a good one.
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And the John Williams reference for the real inflation adjusted highs for gold and silver is:
http://kingworldnews.com/kingworldn...iams_-_Gold,_Silver,_Economy_&_Inflation.html

...Despite the September 5, 2011 historic-high gold price of $1,895.00 per troy ounce, and despite the multi-decade-high silver price of $48.70 per troy ounce, gold and silver prices have yet to re-hit their 1980 historic levels, adjusted for inflation. The earlier all-time high of $850.00, would be $2,466 per troy ounce, based on December 2011 CPI-U-adjusted dollars, $8,783 per troy ounce based on SGS-Alternate-CPI-adjusted dollars.

In like manner, the all-time high price for silver in January 1980 of $49.45 per troy ounce still has not been hit since 1980, including in terms of inflation-adjusted dollars. Based on December 2011 CPI-U inflation, the 1980 silver price peak would be $144 per troy ounce and would be $511 per troy ounce in terms of SGS-Alternate-CPI-adjusted dollars.
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SGTreport 2/2/12

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