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Old 10-09-2012, 12:50 PM   #1
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Liberty she laughed-

I said- maybe I will pay cash for my next house when silver goes up.

Understand that houses are lower priced here. Of course it is pointless to explain it all to her.
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Old 10-09-2012, 05:48 PM   #2
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you better hope that silver goes up a lot and house prices dont, Penn
a serious bout of flation would likely effect both, although probably not in equal measure
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Old 10-09-2012, 06:14 PM   #3
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500 oz will = an average house paid in full.

This area is below average.
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Old 10-09-2012, 07:39 PM   #4
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Originally Posted by Penn View Post:
500 oz will = an average house paid in full.

This area is below average.
Penn, I have heard similar statements. But is there any factual basis for them? Just wishful thinking won't make it happen.

Do I think house prices are grossly overvalued? Absolutely.
Do I think silver is grossly undervalued? Certainly so.
Do I think that sometime quite soon they will come into that kind of relationship - 500 oz/house. Maybe, but I don't see it anytime soon, and I have yet to hear real credible evidence supporting such a claim.
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Old 10-09-2012, 10:12 PM   #5
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Time will tell
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