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Where's Burl Ives when you need musical accompaniment? Silver and gold, silver and gold... The...
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Thursday, March 24, 2011, 12:11 PM ETWhere's Burl Ives when you need musical accompaniment? Silver and gold, silver and gold... The yellow metal may settle at an all-time high for the second straight day - now +0.6% to $1,446/ounce - and silver (+2.2%) has crested the $38 mark for its own 31-year high.
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Far from it. Whats occuring is the LOSS of value in the US dollar.
The USDX and the broader dollar index tells the tale, while gold and silver provide the evidence, that the USD is no longer looked upon as a safe haven. More like a financially toxic pit!
Gold 2500
Silver 75