What's Wrong With Silver? Gold/Silver Market Update with Mike Maloney
Maloney has always said, silver is gold on steroids...Silver can move 5% or more in a single day. Unfortunately, it cuts both ways. The silver price has been falling. Watching it reminds me of that commercial, "Help, I've fallen and I can't get up." But silver is not a weak and elderly grandmother. It's one of mankind's oldest forms of money... it's a core industrial element with widespread use in our society... and it is a long-standing monetary asset, a fact that will resurface when monetary issues take center stage. And our readership is well aware of the fact that silver is a tiny market, so it doesn't take much cash coming in-or going out-to impact its price. So what gives? Why isn't silver rising at time when investors expect it to? Let's dig a little deeper to find the answer and what we might expect ahead...
Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment education companies. He is author of the highest selling precious metals investment book of all time, Rich Dad's Advisors: Guide to Investing In Gold and Silver