Precious Metals - Gold is for suckers... buy this instead

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Gold is for suckers... buy this instead

Monday, March 02, 2009
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Investors are piling into gold right now... and we don't blame them considering the state of the world's paper currencies. But they'll make more money buying silver right now. Why? Because silver is cheap.

Silver is trading at its biggest discount to gold in 13 years. As Bloomberg reports: "One ounce of gold now buys 72 ounces of silver, up from an average 58 ounces in the past two years. The ratio reached a high of 84.39 in October, the most since March 1995, according to data compiled by Bloomberg."

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Topics:		Precious Metals \| Commodities

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