I am often asked by prospective investors whether I recommend silver or gold as the best investment now. My answer is always that gold is the best protection against economic uncertainty, and, as such, that is what I recommend buying. However, if one wants to buy gold or silver strictly for investment "performance," there are lots of factors that suggest silver has more upside potential than gold at present. One such factor is brought out in the excerpt below.

As a reminder to those who are new to the silver market, in the Earth's crust, there is roughly 17 times as much silver as gold. Through nearly 5,000 years of history, the silver/gold price ratio has averaged 15:1. Today, despite estimates that as much as 90% of global silver stockpiles have been consumed, the ratio sits at greater than 60:1. A 15:1 ratio today implies a price of silver of over $70/oz.

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