Silver Bargain

Silver Bargain

The Hunt Brothers’ “Silver Thursday” in 1980 is the ultimate cautionary tale about catching a falling knife in the precious metals market.

Silver Bargain

If someone had “bought more” the week after the initial crash in 1980, thinking they were getting a bargain, here is the brutal reality of where they would have been 10 years later:

1. The Silver Bargain That Wasn’t

In January 1980, silver peaked at roughly $49.45. By the week after the “Silver Thursday” crash (late March/early April 1980), the price had “settled” around $10 to $12.

To a casual observer, buying at $11 seemed like a steal—it was a 75% discount from the highs! But the market wasn’t “on sale”; the bubble had simply popped.

2. Ten Years Later (1990)

If you had doubled down and bought more silver in April 1980 at $11/oz:

• The Price in 1990: By 1990, silver was trading at roughly $4.00 to $5.00 per ounce.

• The Loss: You would have been sitting on a 60% loss on your “discounted” purchase a full decade later.

• The Opportunity Cost: While you were waiting for silver to “come back,” the S&P 500 had entered one of the greatest bull markets in history, returning over 400% during that same decade.

3. The “45-Year” Trap

It gets even worse. It actually took until October 2025—just a few months ago—for silver to finally break back above that 1980 high of $50 in nominal dollars.

The Math of Pain: If you bought at the peak in 1980, you had to wait 45 years just to get your original dollars back. When you adjust for inflation, $50 in 1980 is worth about $190 today. Even at $100/oz, you’d still be down significantly in terms of actual purchasing power.

Disclaimer: This post is for informational and entertainment purposes only. It is not financial, investment, or legal advice. Precious metals prices are highly volatile and can change dramatically. Past performance does not predict future results. Always do your own research, consult a qualified financial advisor, and never invest more than you can afford to lose. The author is not responsible for any decisions based on this post.

Silver Bargain

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Also see the most expensive type of gold nuggets, the Crystalline Gold Nuggets

Crystalline gold

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