My take at least. Silver would rise too. Maybe $100 per ounce
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The top legends in the finance industry are all in the same ballpark. $300 silver, $5,000 plus Gold without the world turning to GRA’s…..much higher when their quasi gold backed scheme is instated.
Keep in mind the silver/ gold ratio is now 80:1, the ratio in our earth is 15:1. Silver has a long way to go.
Silver has been a dog for 40 years. I bought some in 1983 for 16 dollars per ounce and held onto it. Gold has done better, and has always been considered a reserve currency for Central Banks everywhere.
Silver is an industrial metal these days. It has all kinds of purposes in hi-tech and photo-voltaics. Its role as a precious metal is quite limited. Only preppers and dreamers think it is a precious metal. Though I admit that if the SHTF....... All those stashes of silver dimes and quarters will be able to buy you mucho. Like a silver dollar to fill up a 10 gallon tank with gasoline.
“The top legends in the finance industry are all in the same ballpark. $300 silver, $5,000 plus Gold”
Armstrong, the TOP legend, is bearish on gold after calling the pre-election high.
“Keep in mind the silver/ gold ratio is now 80:1, the ratio in our earth is 15:1. Silver has a long way to go.”
Silver will never trade at the same price as gold.