Doug Casey On Silver: Money, Markets, & The Metal's Role In The Coming Chaos

Doug Casey explains that silver is a viable monetary metal due to its durability, convenience, and limited supply. Gold ranks first, silver second, and copper third as preferred money throughout history. Silver has always been a monetary metal and likely always will be. Gold is scarcer than silver, and its value relative to silver has risen over time. The increase in gold's value relative to silver is a trend that has been in motion for over 3,000 years. Silver is gaining industrial uses due to its reflective and conductive properties, and its price has risen to a new base level in the $30 to $35 range. Casey predicts that silver will surge in demand during times of monetary chaos and runaway inflation. He sees silver prices heading higher and recommends accumulating silver as a place to hide, especially for the average guy who can't afford gold. Casey also suggests that silver stocks are a superb speculation, and he predicts that they will catch fire in the next few years.