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I’m going to revise my prediction – I’ll say 500 to 3000 ounces of silver to buy median home – that’s $10-60,000 of today’s US dollars
RICH INVESTOR, POOR INVESTOR
A Must Read For Real Estate Investors http://www.silver-investor.com/richinvestorpoorinvestor.html
“At the top of the precious metals market last time (January 1980), it took a mere three thousand ounces of silver valued at $150,000 to purchase a median-priced single-family home. Today, three thousand ounces of silver is valued at about $40,000. Who wouldn’t be willing to pick up the median-priced house for $40,000? We are not talking the foreclosure market here; we are valuing houses in terms of silver bullion. ”
