(1) First came a rise from $0.50 to $1.336 during and just after World War I, followed by a collapse to $0.25 in 1932, in the depths of the Great Depression.
(2) Then came a long 200-fold price increase from $0.25 to $50 in the next 48 years, from 1932 to 1980, followed by a 21-year 92% price decrease.
(3) Finally, we saw a 12-fold increase from $4.06 to $48.70 in the 10 years from 2001 to 2011, followed by a 72% price drop from 2011 to 2015.
Now that silver's low price is set in place under $14, is it possible we will see another assault on $50 or higher? For that to happen, the low of $13.82 must hold. Provided that holds, and I believe it will, we could see dramatic new highs in silver in the next few years, making now a great buying opportunity.
NRA Golden Ring of Freedom member Mike Fuljenz is known as America’s Gold Expert. But Mike is much more than that. “I believe in giving time, talent and treasure to support the Second Amendment,” Fuljenz says. He’s also a strong advocate for the Eddie Eagle Gunsafe Program® - teaching firearms safety training for young people. Learning the safe & right way to go about hunting and shooting was a foundational bond raising his son Jake.
A love and respect for hunting, shooting and defending the Second Amendment is not only a passion for Mike, but also for the men and women at 1st American Reserve. And while Mike has spoken in front of thousands at NRA Annual Meetings and Exhibits (watch video below), and been interviewed by CNBC, FOX, Kiplinger, Forbes and many more, this Texan is one of the most humble, salt of the earth folks you could ever meet…