Precious metals researcher, forecaster and analyst Hubert
Moolman predicts higher silver prices in 2018 based on the amount
of U.S. paper money relative to the silver price.
Moolman explains that silver’s current trading price of $17 per troy
ounce is 34 percent of the metal’s all-time high of $50, registered in 1980.
The Reverse Proof American Buffalo, a model of
Also in this week’s print issue, we explore a cluster of Lincoln
cents found while searching two rolls and ponder their origin.
“When you look at the silver price, relative to U.S. currency, the
amount of actual U.S. dollars in existence, then it is at its lowest
value it has ever been.” according to Moolman.
The ratio of the price of silver to the number of U.S. paper dollars
in existence sits at 0.004, compared to 0.361 in 1980 when silver hit
its peak, said Moolman.
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“The U.S. monetary base is currently around $3.946 trillion,”
Moolman said. “Therefore, if silver today was at its 1980 value,
relative to the monetary base, it would be around $1,424 [per troy ounce].”