Silver: poor man’s gold no more?
“Investors have focused on a rise in record prices for gold, but silver’s up about 25% in July—the metal’s second-biggest monthly gain on record—and it’s still undervalued compared with the yellow metal. ‘Silver is often called the ‘poor man’s gold’ because some of the same factors that cause gold prices to rise do the same thing to silver prices,’ says Ed Moy, chief market strategist at gold retailer Valaurum.”
USAGOLD note: Many investors see silver as an underpriced store of value. Like gold, it s an asset that is not simultaneously someone else’s liability and does not carry, as a result, any counter-party risk.
Repost from 8-1-2020