Disagree. According to Frank Holmes, author of the Goldwatcher, silver is about 80-90% correlated to the price of gold. Further, supply is 75% from base metal miners, who would cut back on zinc, copper and lead production - which would actually cause a shortage of silver supply. And notably, it is uneconomic to mine such deposits where silver is a by-product credit, so even at higher prices, it wouldn't make a lot of sense to keep those mines in operation.

Let's not forget that the monetary history of the world is predominantly that of silver, not gold, says Milton Friedman in A Monetary History of the United Sates. Silver and money are synomous in over 55 languages.

Finally, when gold is at 3000, and the average person cannot afford to buy even a quarter ounce of gold, (which with premium may be close to 4 digits in price) what will they buy as a crisis or inflation hedge?

SILVER.