Originally Posted by
Skol
Quite right I'd say. If you look at a chart of silver and gold together, gold is much less volatile, silver is illiquid and less frequently traded. In the last 5 years where silver and gold started at 0, silver has traded down to -40% and up to +175%.
Gold started at 0, increased to 110% and is now declining. Silver has seen some extreme volatility, I think many PM punters are the 'get rich quick' mob, they listen to Jim Sinclair and Mike Maloney promising them instant riches and imbue them with the the PM cult of worldwide economic destruction, USD implosion, the USA's end of days, a military coup in the USA, global starvation, euro crash, civil unrest and revolution in the EU and all manner of other nonsense, they're brainwashed, it's a cult.
When silver crashed in May 2011, there was an article in the WSJ, some of the expectations of silver punters were beyond belief. One guy said "I heard silver was going to $150". These are the suckers that end up penniless in PM's, a generation on from the 1980 crash.