Silver At $30 and a 30 Year High

Silver reached $30 per oz today, the highest price since 1980, boosted by Bernanke's statement that the Fed may buy more bonds. The ratio between gold and silver is approx 47.4 to 1, the lowest in almost 4 years. Obviously inflationary fears and the fact that one is able to buy into a safe-haven asset such as silver easier than gold has caused silver to increase more than gold. We are also finding that people are buying higher priced antique items for the same reason, as time and again as inflation hits these items increase in value, and also due to the fact that slowly but surely the supply is decreasing has actually been pushing up the prices even more. As always, I have a selection of investment quality items in our store, that are not only a hedge against uncertainty, but are items one can use & enjoy in the interim period, and can also be used as a good hedge against estate taxes / death duties.