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Good Call Mike - 500 Oz of Silver Buys Home |
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By Buysilvercoins.org.uk Friday, August 7, 2009 - Site map - Privacy policy |
Back in 2008, before the trillions in bailouts, bullion investor Mike Maloney predicted it would soon be possible to purchase a median priced family home for just 500 oz of silver. Fast forward to 2009 in places like Detroit and Cleveland, cash strapped banks are unloading rundown homes to grateful artists and opportunistic entrepreneurs for 100 dollars and below. That's less than 10 ounces of silver! Admittedly, many of these cheap homes need repair work, as their windows have been broken and lead stripped from roofs by an army of termite like scrappers. Still Mike Maloney's prediction has more than come true. Question will it ever be possible to buy a luxury home, in an upmarket area of a prosperous city for 500 Canadian Maples? That all depends on the future price of silver.....Time will tell...... |