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January 14, 2014 AT 11:04 AM
Is silver a good bet for 2014 with gold prices crashing? Apparently not, says USA TODAY markets reporter Matt Krantz. Krantz explains that if gold prices are volatile, silver prices are downright wild and crazy. Due to its lower relative price, silver has been considered to be a poor man's gold. And when gold prices fall, silver suffers mightily as speculators jump out. Last year the price of an ounce of gold fell 28% in what was the shiny metals biggest drops since 1981. But at the same time, the price of silver suffered a brutal 31% crash.