Friday, February 26, 2010

Buy Gold or Silver?

Buy Gold or Silver?

by Sean Brodrick on November 17, 2009

Sorry about the late post, but I’m still dragging butt after flying all day Sunday into Monday morning, then working all day Monday.

Anyway, gold and silver are both having good days considering that the U.S. dollar is higher. But one question I often get is which to buy NOW – gold or silver.

Let’s look at a chart. Wordpress won’t let me post a chart today — another problem that has delayed things — but here’s a link to a chart on …$GOLD:$SILVER&p=M&yr=7&mn=0&dy=0&id=p02622752128&a=183692670

So, you can see the gold-silver ratio is coming down. This has been the trend, and until the trend changes, silver will probably appreciate (percentage-wise) faster than gold.

On the other hand, I don’t see anything wrong with owning gold, either. So, silver for a quick trade, both gold and silver for the longer-term.



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