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Strategies & Market Trends : Strictly: Drilling II
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To: TheBusDriver who wrote (24177)12/26/2002 1:44:31 PM
From: Elizabeth Andrews  Read Replies (1) of 36161
 
My explanation is that silver's modern role is a hedge against local currencies. In the past cycle it was sold and converted to US$. Now it's being sold and converted to gold as all currencies are inflating. Gold only has to go up 32% to get the ratio back to 100:1. Silver has to go to $35 or 750% to get to 10:1. What's more likely, especially if silver's role is not as a reserve currency?
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