Silver Outpacing Gold in Growth

I have said for a while now that Silver is a better investment vehicle than gold.  Well with silver's wild run that prognostication is coming true.  When the month of August started both silver and gold were not doing spectacular compared to some of the previous months. Silver was vacillating around $18 an ounce and Gold had dropped to $1190 an ounce.

Now, almost two months later both silver and gold are at new highs.  Silver closed today at $21.46 an ounce and gold at $1297 an ounce. Albeit $1297 is a big number and is a big gain for gold, it is only an increase of 7%. Whereas, silver's increase from $18 to $21.46 represents a gain of more than 19%. 

If silver were to continue at this rate, we could see silver prices over $30 an once by the beginning of next year. 

Of course there are a lot of factors that influence the price of silver, one of those being the value of the dollar.  However, the way the current administration is spending our tax money like it is there own piggy bank to do with as they wish, I do not see our fiat currency gaining value. But, if in the midterm elections, the people get out of their recliners and vote the tax and spend incumbents out of office, it may instill hope in the citizens of this great nation and may reinstate belief in the almighty dollar and slow the rate of growth of precious metals. 

I still see the price of silver growing, maybe at a lesser pace; however, it would be a win win situation. either higher silver prices or lower taxes.  I will take either one!