John Rubino - Silver Could Be 'Totally Spectacular'

The case for owning precious metals is easy to make, especially silver. According to financial writer John Rubino, it now takes 100 ounces of silver to equal the value of 1 ounce of gold. That's a near record of 100 to 1 silver/gold ratio. Rubino contends, "The silver/gold ratio says silver is clearly a buy based on historical trends and the relationship between gold and silver. . . . You would expect silver going forward to outperform gold, and you would expect gold to go up as well. . . . This is now a bull market, and they will both go up, but silver will outperform gold. . . . There is just so much more debt in the world, and there is so much more of a need for safe haven assets that you would expect silver to blow right through its previous high levels. This time around, it could be totally spectacular with what happens with silver. There is going to come a time when everyone will want to talk about silver, but that day is not yet."

John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.