Silver vs Gold – Which Will Do Better?
Well, again, I do not have my crystal ball.
But I did see some interesting speculation on Seeking Alpha. They bring up the old point that silver is gold’s poor relation, and because it is considered to draw more value as an industrial metal (rather than money), that silver was not expected to do as well during a recession like the one we have as I write this. Silver also tends to be very volatile, and everybody from saints to tin foil hat wearers believe that the silver price is much more manipulated than the gold price.
But…..
- Silver is cheap, and barriers to entry are lower for Joe Six Pack
- If the silver market is ever allowed to do its own thing, there is plenty of evidence that the value could shoot up.
- During the last few weeks, the percentage increase in silver value has increased 4 times more than gold.
So…?
Keep watching the market. Plenty of us believe that silver prices have plenty of upside. But always DYDD, and only purchase what you can afford to lose.