Okay, so the question is, whats a conversion for the U.S. cash we all have in the banks. Convert to gold? It's down to $1242.60 last check and still in a free-fall since it's high in late 2011.
Silver is in the same boat at a lower rate, down to $19.13 from it's high back in 2011
In fact, all precious metals have lost considerable value over the last few years.
PMs are being manipulated - and remember, this is the paper price. Physical metals are still being bought up around the world. The Chinese are scooping up all of the physical gold they can get their hands on, from the government to the man on the street. Lots of silver being bought-up world wide, too. I wouldn't put all my eggs in one basket, but a few stacks of silver or gold (if you can afford a few stacks of that) aren't a bad idea.