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Message:: [QUOTE="passantgardant, post: 1161323, member: 30033"]What people often neglect is that in a "price" such as $46.63/oz, there are two measures.  One is the weight of silver, the other is the value of the Dollar.  I don't view it as a "price" because that implies the "money" side is stable and the "commodity" being priced is variable.  In fact, when talking about precious metals, it would be more accurate (albeit unconventional) to quote it as 0.0214 oz/$, since the silver is the more stable money, and the price trend is that of the paper fiat losing value.  The point being that this is essentially a money exchange arbitrage moreso than it is a dollar-denominated investment.  So if I exchange silver for dollars, it is not a "sell" on silver, but a "buy" on dollars.  So far, I've seen little reason to recommend buying dollars, and I will exchange any dollars I've received e.g. for my labor for silver and silver-denominated investments whenever possible, or dollar-denominated silver-related investments when convenient.  I'm also keen to watch the silver:gold arbitrage as well.  Really the only thing I want denominated in dollars long-term is my fixed-rate debt.  I only build a small pool of dollars for investment when I think it is due for a rally (i.e. when silver pulls back in terms of dollars), and then I take profits in dollars by buying silver as soon as possible.[/QUOTE]