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Tuesday, September 06, 2016 2:25:11 PM
http://seekingalpha.com/article/4003872-silvers-volatility-makes-precious-metal-choice
Silver attracts many market participants for two crucial reasons. First, it is far more volatile than the price of gold, and many speculators equate volatility with opportunity. Second, and perhaps more significantly, silver is cheaper on a per-ounce basis than gold. If gold is a blue chip stock, then silver is a penny share. Some investors and traders prefer owning massive amounts of a less expensive asset than a small amount of a precious one.
Silver has been gold's little brother for thousands of years. When you think of money, if precious metals were currency, then silver is the coin and gold the note. The first Egyptian pharaoh, Menes, established the value relationship between the two metals when he said that two and one-half parts silver equal one part gold in around 3100 BC. Silver and gold both have a long history as symbols of wealth, power and value. At the Rio Olympics, the silver medal was solid silver. However, due to the high price of gold, which currently trades at over seventy times the price of silver, the Olympic gold medallion was 98.8% silver and only 1.2% gold.
Disclaimer: Do not ever buy a stock because of my opinions ever because you can lose everything. Nothing I say is ever a recommendation, but just an opinion. Don't Buy, Don't Buy as Cramer would say on CNBC. Do your OWN DD.
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