Silver often seems to suffer at the same time as the stock market does even if it does not suffer as much. I am not certain on why this is but my understanding is that much of the silver market is purchased for industrial purposes and NOT investment. This means when the stock market drops significantly and business is slowing there is less industrial demand for silver. This should be temporary in my mind especially since what has driven silver up so high has NOT been industrial use of silver but rather investment. Investment in silver will only continue to grow as folks seek shelter from fiat currency. Also keep in mind the historical 16:1 value of silver to gold. If we were to suddenly return to that ratio silver would have a value of over $100/ounce right now. Something to think about.Gold has shot up every day. Silver is going down. Haven't seen that happen before. Usually both rise together.
You are correct that its good news since it will give us all a chance to buy silver at a bargain price. I think I would rather own silver than gold since silver will be easier to piece out and barter with should the dollar completely fall off the map.Well that is good news for me. I can afford silver but not gold. Silver can keep dropping until I can afford to buy a suitable amount then it can go right back up! Lol!
I have my gold at BullionVault.com. You pay a small commission on the sale and a tiny amount each month for them to hold it for you. I've bought and sold gold with them in the past. A couple of months ago I bought about $17,000 worth of gold and the commission was less than $170.Where are you buying your gold and silver? Are you buying actual gold and silver coins or shares from a fund?