Wednesday, April 06, 2011

Silver Nears $40/oz

For years, silver hovered at around $5/oz. However, with gold now approaching $1,500/oz, silver is in play as well nearing $40/oz. Historically, gold has traded at between 16-50 times silver prices, which suggests that we could soon see silver climbing even more. Follow the link below to learn more about how silver is bought and sold in America.


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PS: My private practice gladly accepts payment in gold and silver coin for services rendered...

2 comments:

Anonymous said...

Such a high price could also crash as well... it seems to me..

Dr William J McKibbin said...

Hi Anonymous, I agree that metals' prices could plunge, but probably not until after a robust recovery is underway in the US and Europe -- the last time I checked, Europe is dealing with questions regarding how to bailout Portugal, and the US is just now approaching it own questions about how to bailout California and New York -- but yes, prices of precious metals' will certainly drop after a recovery finally takes root...

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