1980
Our sales were over $500 million mostly from melting down silver items. We had two employees with rubber hammers who spent the day smashing silver trophies and tea sets until they were flat and then packed into 5-gallon cans. They went into a semi-truck along with bags of coins and bars from private mints and buckets of silverware, and then on to Handy and Harman in Chicago where they were melted. We filled a semi-truck every few days. When silver hit $50, it seemed like every household in America was selling their silverware.
As the years rolled by, I have come to believe that we are going to see another dramatic silver price jump. Ted Butler has made a convincing case that the suppression of the silver price on the COMEX for the past 40 years has led us to a supply crisis for silver that can only be resolved with much higher prices. Nobody has ever understood the futures market and silver trading like Ted Butler. From what he has told me I believe we are going to get another 1980 soon.