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Old 04-25-2010, 08:11 PM
qwasty qwasty is offline
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Default 1980 silver price predictions

What prices were people predicting for silver before the crash in the 80's? Did they see the crash coming, or were they predicting $200 silver? Anybody know where to find that kind of info?
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Old 04-25-2010, 10:44 PM
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insidedealer insidedealer is offline
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What you're asking for is anecdotal information. There would be varying prognostications that one could find from the era, but as I recall, to average out all the forescasters and soothsayers, the call amongst the bulls at the time would be $100 per ounce, and the bears were calling for $4, in other words.....bust. We know now that bust wound up being the correct answer.
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Old 04-25-2010, 10:46 PM
qwasty qwasty is offline
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The equivalent of today's online forums back then would probably have been newsletters and editorials. I'm sure somebody's got a stack of them somewhere. There may even be some letters to the editor in important magazines of various sorts. I'm sure the jewelry industry trade magazines discussed the issue, as well as coin collector's periodicals.
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Old 04-25-2010, 11:17 PM
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I have a newspaper clipping of a front page story quoting me, as the expert, forecasting $1000 gold in the near future. I was only off by 30 years or so, lol, ....but at least it happened. The silver folks are still waiting for it to happen.
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Old 04-26-2010, 06:23 AM
Smokey09017 Smokey09017 is offline
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Default Hunt History

The rise and fall of metals in the 80's was directly due to the Hunt Bros. and their taking delivery of silver contracts. You can find much of that story around the net.

I rode that roller coaster all the way up and stepped off at the right time. It was not too hard to see the train wreck coming if you followed the Hunts on a daily basis.

The bottom line was that everyone changed all the rules and sank the Hunts. PM's dropped and the bubble was as busted as the Hunts. It was an obvious bag job and I watched people remortgage their homes and put it into silver futures. If they stepped out at the right time, they did well. Most did. It was a very pleasant ride from 5$ to 40'ish.
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