What about silver now?
"What about silver? During hard times silver is an industrial metal. But during inflationary times, silver joins gold and it becomes a precious metal. The ratio of silver to gold varies over the years. As recently at May, 2003. one ounce of gold would buy 80 ounces of silver. In November of 2006 that ratio dropped to 46. One ounce of gold would buy 46 ounces of silver. From there, the ratio moved in favor of gold again -- one ounce of gold in December 2007 would buy 57 ounces of silver.
But last December the situation changed again. The chart below shows the change. Starting on December 17, silver began to out-perform gold. At last Friday's close, one ounce of gold would buy only 53.9 ounces of silver. I expect this latest trend to continue."