Silver went down in 1930s

Basing myself on http://www.goldseek.com/cgi-bin/news...26749506.shtml it seems that silver went down when the economic crisis came. This is weird and I can't explain it to myself... Does this mean that in certain circumstances silver is devalued in an economical crisis?

[silverback]

Originally Posted by GreenFrog

Basing myself on http://www.goldseek.com/cgi-bin/news...26749506.shtml it seems that silver went down when the economic crisis came. This is weird and I can't explain it to myself... Does this mean that in certain circumstances silver is devalued in an economical crisis?

Green,

I suppose it means that in a time when silver stockpiles worldwide were peaking,there was no electronics demand,little industrial demand,little demand for coinage, massive deflation, breadlines and so on silver temporarily sold for lower prices.

I wouldn't let that effect your decisions now,it's a different world when it comes to silver.

[pimples]

Greenfrog
Silver went down in the 30's

Yes, so did most all commodities

In a deflationary period,everything is sold to generate cash.

Gold would of fell also but it was 'fixed' in price. :eek: