she laughed-

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Penn

Penn

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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.
 
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
 
500 oz will = an average house paid in full.

This area is below average.
 
Penn said:
500 oz will = an average house paid in full.

This area is below average.
Click to expand...

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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