Posted on 12/28/2010 2:07:47 PM PST by mikelets456
Wow... I only bought 30 - 40 oz of Silver as a hedge against inflation or if all hell broke lose. I can not believe it blew past $30 Oz and shows no sign of stopping....or perceived that way. I keep reading about a 16:1 ratio of Gold to Silver on this planet. Does that mean Silver could go for around $100 per ounce when all is said and done? Are more industries using Silver, people investing in it or the dollar dropping like a rock that is causing the rise? I assume all three but I would like to hear from people that have a good insight on Silver as i have only been at this for about 1.5 years. I thought I was stupid for buying in at $16 per ounce. Is Silver still a bargain?
Silver finishes the year at $30.90.
Ping for coinage. :)
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