A Primer for Silver Newbies, by H.R.F.
I have to admit that I’m a bit of a “silver bug.” I became enamored with the metal when I was 16 years old. That was the year that OPEC first jacked up the price of oil. Silver sold for only $3.14/oz. then (per Kitco.) A more accurate way of saying it is that one dollar equaled about one-third of an ounce of silver back then. Today one dollar will only buy about 1/13 of an ounce of silver (silver at $13/oz.) This implies that the dollar has lost about 75% of it’s purchasing power over the last 36 years, …