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Silver is not Money!

By: Ruben T. Varela

-- Posted 17 September, 2007 | | Discuss This Article - Comments:

“The major monetary metal in history is Silver, not Gold”  – Milton Friedman, Nobel Laureate


Well, Milton – not according to the following Chart: 



In fact, the following comparison indicates investors don’t even see Silver as a quality component of the Commodities Sector:


How about Silver in relation to the Industrial Metals Sector?  The following 5 year chart reflects Silver’s recent, relative underperformance.





Very few investments test an investor’s patience and conviction like Silver.  It is clear that the current price of Silver includes NO MONETARY consideration.  This present situation, given current “stagflationary” forces, illustrates an excellent comparative value for Silver and will not likely last much longer as the investment world ultimately receives a review course in history and economics.


Ruben T. Varela



Ruben Varela is an independent, professional trader.  Ruben attended Long Beach State University majoring in Economics and Information Systems.  After a successful 15-year career in commercial and investment real estate, Ruben traded an initial stake of $40,000 into over $1.1 million in less than 2 years and retired from real estate in January 2006 in order to trade full time.  Ruben is presently in the process of launching a website [] focusing on trading the Precious Metals sector.  Look for the website launch and additional insight from Ruben in the coming weeks ahead.  In the interim, please feel free to contact Ruben at:

-- Posted 17 September, 2007 | | Discuss This Article - Comments:

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