what would Silver's price have to be if it went into the same bubble that it was in in 1980 compared to all these other assets real estate the stock market uh um uh uh the U.S treasury bond the money supply and currency well they call it money supply currency Supply and so on and so what I did was I took the growth of the day in 1980 that silver peaked and I took the percentage growth rate of all of those other things since that date and I applied that percentage growth rate to the 52.50 and you come
out with a total and the average is over nine hundred dollars I absolutely believe that triple digit silver is baked in the cake that there is no possibility that we can go infinitely out into the future without Triple digit silver happening it will happen one day we have not yet exceeded our 1980 high is there anything else in society other than computer chips maybe which was a brand new technology other than computer chips is there anything else in society that is still selling at a discount to
its 1980 price but I can't find anything except silver make that point quite often myself no it's interesting is that uh there was one day you know price is 50 plus but if you look at the average price of silver for the Year 1980 it was twenty dollars an ounce but if you go back one year ahead the all-time high for silver in January of 1979 was six dollars so after the big run up when it resettled and found what up kindly call equilibrium it was over 300 percent greater than the all-time high
year before and they're making sense because that that's the truth and this is something that very few people know or discuss but so if you took that twenty dollar average for the Year 1980 and did the same metric so that put us at eighteen hundred dollars over since 20 is roughly half the price of 50. I don't know I just know that 50 is going to become support uh but then it's going to blow way past that and I don't think you're ever going to see it come down to a hundred dollars again it'll
probably settle at 150 or 200 or 300 I don't know it may blow up to like 300 bucks an ounce Peak and then come back to 120 or something like that either way it's a physical asset that you can hold in your hand that has no counterparty risk that is destined for these big numbers and I don't see that there's any way that this could not happen uh you know I look for well how is it possible that that uh they could keep this from happening with this constant growth of the currency Supply and now all of these
emergencies that have been happening this Century these all these things that come out of nowhere like a uh you know a diesel truck broadsiding Us in an intersection uh Lehman Brothers and and uh covet and you know we're in Ukraine and it goes on and on and on and uh there will be a temporary rise but then it comes back down and I do feel you know there's been there is one uh chapter on or one section on manipulation and I do think that some of the manipulation is real and people have been going to jail for some of it sure
that's mostly the short-term manipulations where they're just stealing from the counterparty in the trade yeah but the long-term manipulations uh the Comptroller of the currency just made JP Morgan disclose how much their their short position really is their position in uh the Futures Market uh they were reporting under uh currency swap standards where you only have to report a small percentage and they said no precious metals you've got to disclose the whole thing and so that chart just shows this
sudden explosion I'm sure you covered that in uh you know and yeah we've talked about it on the chart first came out I want to uh manipulation though is coming to an end is my point and uh once it stops these big bullion banks are going to get on the long side with everything you know they'll convince the public to go short while they go along so you're perfect segue for my next question uh so are you familiar with Scott Maynard by any chance Scott was at Davos now better known as
the world economic Forum in uh
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