What Can We Expect from Silver?
Silver’s had a tremendous run this year and I recently appeared on CNBC’s “Power Lunch” to discuss whether it can continue into 2011.
During the interview, I shared with viewers the idea of giving silver coins as gifts. Over the years, I’ve given them to employees as gifts several times, with the idea that a silver coin will hold its value better than paper currency.
Asked if I believe the rally can continue, I explained that silver, like gold, has yet to break through its inflation-adjusted highs:
“Let’s take a look at all the commodities. Most of the commodities have gone through their 1980s inflation-adjusted price but gold and silver have not. Platinum has. Palladium has. Oil has been up to $147 and corrected and is now coming back. So if you take a look at some of these metals like copper has [gone through its inflation-adjusted high], but gold and silver haven’t. So I think that you can see these price levels trade at higher prices.”
The Global Resources Fund (PSPFX) was ranked #1 of 128, #16 of 53 and #3 of 32 among global natural resources funds for total return by Lipper for the 1-, 5- and 10-year periods ended November 30, 2010.
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