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FM NEWS 101 KXL

Is Silver the new Gold?


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October 11, 2012, 2:27 am

A USA Today article from 2011 suggested that silver is the new gold in terms of investments.  Even today, it seems that more and more companies are advertising silver investments on tv.  But is it a good idea?  Will Coulter with Affordable Jewelry and Precious Metals says yes.  He says trends indicate the price of silver will go up in the future.  But Tyler Simones with Northwest Quadrant Wealth Management says silver, and other commodities, are too volatile, and it's impossible to know if the price will go up.  Silver closed close to $34.00 an ounce Wednesday. 

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