Silver Coin Sales Point to Dollar Worries
Source: CNBC, JeeYeon Park (1/26/11)
"Silver coins have become the proxy for people’s confidence and worry about the U.S. dollar."
"Silver coins have become the proxy for people’s confidence and worry about the U.S. dollar. Gold's gotten so expensive that folks can’t afford it, and the mint is minting fewer fractional gold coins, so many people have migrated to silver," Colas told CNBC.
Silver is also used as a hedge against inflation, as people continue to worry about the state of the dollar and the incremental quantitative easing.