In 1970, silver traded at around $1.60 per ounce. By its peak in 1980, it reached $49.45. A handsome 30x return. The story of how it got there is full of intrigue and conspiracy. We’ll get to that. But first, a little background is in order. Monetary demand for silver had collapsed after the U.S. and other countries stopped using it in coins in 1965. Before that, America’s dimes and quarters were 90% silver. Other countries soon followed suit. After governments ended their silver coinage, the market was flooded with stockpiles of the metal. Savvy collectors also bought up silver coins and melted them down. This ... (full story)