Silver, the dual purpose monetary and industrial metal, remains near historic record low valuations, especially when measured against gold or the relative level of U.S. equity pricing. In my last gold/silver article from November, I described the decent odds of a precious metals bottom in December. I have been buying precious metals this month, with a particular focus putting long-term money to work in silver. Here’s my logic.
Silver has been used in coin form as currency for thousands of years. It is considered a monetary metal like gold, often referred to as poor man’s