[ExI] it was the best times, it was the best of times

John Clark johnkclark at gmail.com
Mon Oct 7 15:28:38 UTC 2013


Eugen Leitl, aka Dr. Doom, showed us a graph purporting to show that
because of worldwide shortages copper prices are going through the roof:

http://en.wikipedia.org/wiki/File:Copper_Price_History_USD.png

and it is a ugly graph no doubt about it, but if you look at a more recent
copper price graph that shows the last 5 years in greater resolution things
look much more cheerful:

http://www.infomine.com/investment/metal-prices/copper/5-year/

> Silver is not any different
>

Today silver costs $22.41 an ounce, 33 years ago in 1980 silver cost $49.45
an ounce, adjusted for inflation that would be about $138 per ounce.  And I
still haven't heard from Eugen if he's accepted my bet about a worldwide
uranium shortage by 2020.

 John K Clark
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