2007-03-15 04:51:32 · 3 answers · asked by Mocha_latta_ice 4 in Business & Finance ➔ Investing
yes, silver also has an inverse relationship with the USD. The two are negatively correlated similar to Gold/USD. However, compared to Gold, Silver prices are much more volatile. but the two generally move in the same direction, hence the similar inverse relationship to the USD.
2007-03-17 12:51:51 · answer #1 · answered by bernardmailman 1 · 0⤊ 0⤋
Yes, gold and the dollar are inverse, silver follows the gold pattern too. The american dollar is a NOTE, not a (precious) metal.. It takes more dollars to buy an ounce than it did many years ago, because the value of the dollar is DECREASING. That makes metals INCREASE. Why?... How many dollar bills can you make in one day?? (many),ask the federal reserve... compared to how many gold coins?? ( not as many) .. I have purchased both gold and silver, for my children as an investment, not 5 years from now but over 20 years from now. Gold as money does follow the world economy, war, famine, crisis, unstablity,.. silver does follow behind this pattern too. I am not a broker. Put go to one online and check the history and thier pattern. below is one place to see.. I dont work for them but I follow the prices here.
2007-03-15 05:24:20 · answer #2 · answered by guyinda90s 2 · 0⤊ 0⤋
No, silver is an industrial metal like, lead or zinc.
it has a quasi relationship with gold, but not a direct relationship
2007-03-15 05:03:14 · answer #3 · answered by bob shark 7 · 0⤊ 0⤋