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THE GOLD PRIMER: GOLD IS INSURANCE. SILVER IS A WAGER.

Gold is what a central bank holds when it no longer trusts a currency. Silver is what a trader holds when they no longer trust their own patience.

1 min readGoldSilverMacro

The Gold Primer: Gold Is Insurance. Silver Is a Wager. Most traders never learn the difference.

On Friday, August 7, gold rose fifteen dollars. Silver rose two dollars fifty-six cents. On a percentage basis silver moved more than ten times as hard. Same jobs report, same dollar, same Fed-cut repricing — and the two metals that sit next to each other in every precious-metals fund reacted like they belonged to different asset classes.

Topics

  • Gold
  • Silver

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