Well, those of us who hold a little bit of precious metals as insurance against a total meltdown of the US dollar and stock market are probably a bit relieved to see the price (as stated in US dollars) of gold rebound a bit. As of this writing, it is a hair over $900, and I’m not sure we believed we would see that price again soon. Oh, I know lots of us will argue that we’d rather hold strong dollars and see gold looking cheap, but if we can’t have that, well we have something…..
But here’s the thing. A lot of silver watches argue that the white stuff has not made the same rebound as the yellow stuff, and that the price should be at least $17 an ounce now, and not just over $13. Of course, we cannot always pinpoint the price of silver by the price of gold, but they tend to move together in a loose way.
So, is this the time to load up on silver? My crystal ball got damaged in hurricane Ike. If you have an idea, feel free to comment here!
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As of this writing, it is a hair over $900, and […….