lance sjogren

Silver - Better Than Gold, But Still a Commodity

As to the value of gold:


I think the key questions are these:

1). Is the US dollar going to become substantially devalued over the next let us say 2-5 years due to money-printing efforts to prop up the economy?

2). If so, will the decline in the dollar be accompanied by a rise in the price of gold?

3). If not, when people flee the US dollar what will they put that money into?


I believe the answer to 1 is yes and the answer to 2 is yes. And because of the small amount of gold vs fiat money it doesn't take much of the fiat money to be put into hard currency (gold) to raise the price of hard currency.

But there is not enough gold for it to serve as safety net for people fleeing the dollar. Most of the money fleeing the dollar will probably go, I would think, into stocks and real estate.