What this simply means is that silver, just as gold, has not been a hedge against excessive government spending. And, if you happened to buy silver in the last four years, your losing money.
In April of this year, I wrote a blog entitled The Truth About Buying Gold and Silver, in which I warned about the excessive hyping of these metals as an investment opportunity. At that time, gold was at $1300 an ounce (now at $1217.70) and silver was just below $20 (now at $17.75). While gold and silver are moving down, the stock market has been reaching record highs. You be the judge . Does gold and silver deserve all the hype that the sellers would have you believe?