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re: Buying silver online?
Posted on 12/3/12 at 2:54 pm to Jwodie
Posted on 12/3/12 at 2:54 pm to Jwodie
quote:
i.e., its historical correlation to gold prices and the need to still go a ways to reach that in the near future with gold's rise the past few years).
To expound on this a bit, my buddy was telling me that silver has historically maintained a value approximately 1/15 the value of gold. As of the current price of gold, that would require silver to reach approximately $114/oz. to hit that 1/15 mark. The cost of one ounce is roughly $35 right now. Is it reasonable to assume silver will reach upwards of $114 in the next few years assuming gold keeps rising (or even stays the same)?
This post was edited on 12/3/12 at 3:31 pm
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