Mon, Jul 11, 2011 - 9:43am
Could silver one day be worth more than gold?
By: Peter Cooper
Summer time is a chance for re-reading investment classics at ArabianMoney. We’ve just been dipping into the 2008 ‘Guide to Investing in Gold and Silver’ by Michael Maloney, and find that pretty much everything he predicted has come right.
If you bought silver when this book came out then you have probably doubled your money today, and briefly sat on a three-fold profit back in April this year. ArabianMoney is confident that April’s spike will be passed this autumn, so loading up on silver in the quiet summer months is our best tip right now (click here).
Silver, not gold
However, we were still struck by Mr. Maloney’s conclusion that the silver price will one day exceed that of gold. That is an absolutely extraordinary claim as striking now as it was three years ago.
But we can see a scenario that could get silver more highly valued than gold. It would require a hyperinflation of a kind not seen in the advanced economies since Germany in the early 1920s, or at the very least a long period of elevated monetary inflation.=
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Edited by: SilverTree on Nov 8, 2014 - 5:09am