russell on silver

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    I know there are some silver bugs on HC (I'm not one of them) and this para in todays comment by RR might interest them...

    What's with silver? An idea that's been haunting me. If we go into deflation and a real bear market recession, silver becomes an industrial metal. In 1932 with gold at 20, silver collapsed to 23 cents. A year later Roosevelt fixed gold at 35. But nobody wanted silver during the depression. In a bull market, silver becomes a precious metal. In a bear market, silver becomes an industrial metal and only gold is considered a currency

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