The Massive Debt Bubble Will Push Silver Prices Much Higher
Silver had a spectacular rise in price from about August 2010 to April 2011. In fact, it was so impressive that some thought the peak was the end of the bull market for silver. After all, silver had risen about 12.33 times from its bottom in 2001.
However, from the fact that the April 2011 did not surpass the all-time high of 1980, it should have been evident that this was no end of a bull market. Real bull markets form peaks much higher than any previous highs.
Take the Dow’s bull markets as an example. It went from 41.22 in July 1932 to 1067 at the beginning of 1973. That is a 40-year bull market where the Dow increased 25.89 times in value. The peak of that bull market (1067) was multiples higher than the previous all-time high (381.17 in 1929).
Again, the current Dow bull market peak (18 312 – current peak) came 40 years after the Dec 1974 bottom (570). This is a 32.13 times increase in the value of the Dow, and again; the peak is multiples higher than the previous all-time high (1067 in 1973).
Below is a comparison of silver’s current bull market and the previous one: