Silver Savvy

June 11, 2003

Hi Dave,

I noticed your mention of the 600 year silver chart (basis 1998 dollar) on Puplava this weekend, and thought I would pass on some additional information that you might find interesting. I post on Eagle Ranch and Gold Is Money forums under the user name "AuNuggets", and have made several posts concerning this chart lately.

While the historic high for silver, inflation adjusted to 1998 dollar values, was about $806 in the year 1477, what is perhaps of more value to your readers and silver investors in general is the current inflation adjusted price. At this years low of $4.37 on April 3rd, silver actually reached it's ALL-TIME adjusted low price, equal to approximately $3.79 in 1998 dollars.

This was the absolute low in keeping with the 600 year chart, extrapolated forward from 1998 to present dollars. Even at the current spot price, we are still within 15 cents of the all-time low for silver. And considering the diminishing supplies of silver over the past several years, it becomes even more of a bargain than many may realize. Anyway, FWIW, hope this is of some use to you. Enjoy your commentary and writings.

Keep up the good work.

Ralph B
AuNuggets
goldbugz@valuelinx.net

http://www.silver-investor.com/thisweek.htm