The precious metals in fiat terms have been exceptionally volatile over the past quarter. Silver reached an intermediate high of $49.83 on 25th May, before falling in sharp order to $32.35 by 12th May. Gold‟s move was similar but not quite as aggressive in percentage terms. Accordingly, the gold/silver ratio started advancing sharply, having reached an intermediate low of $30.47 on 25th May.
The problems facing the countries that comprise the Eurozone are becoming more well-known. The problem, apparently, only gravitates around the ‘peripheral’ economies of Portugal, Spain, Italy, Greece and Ireland. Is this a fair assessment? Are all the other countries in a much better fiscal position? The short answer is no.