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I posted an article about this on January 5, 2006 on the old blog. This is exactly what I wrote:

I don't hate gold. It's just that silver is a BETTER investment than gold.

Gold is not really useful for anything. To me it's pure speculation on wheather inflation goes up/down....etc.

Silver has MANY industrial and consumer uses. For example I heard that all(most?) the power to be transported out of the new chinese nuclear factories will be done through power poles with silver lining and/or wire (because it's more efficient than what's currently used). Can you imagine how much silver they're going to use?

And why did Warren Buffett buy silver and not gold? Maybe he's thinking like I'm thinking. Gold is over rated! (it will go up but silver will go up more)

Today, I discovered a beautiful chart that shows how right I've been.

The lower you see the chart go the better it is for us Silver investors. This chart tells you how many ounces of Silver it will take to buy an ounce of Gold.

Now I've read many predictions of how high Gold is going to go but fewer on how high Silver might go.

Well if we see Gold get up to $1000/ounce and this ratio stays the same, we will be looking at silver over $18.

But the trend is definetely down so Silver should continue to outperform Gold.