What I have been instructed is that 30:1 is more in line with what is actual available to mine. Why such a spread exists now, is beyond me.
Industry relies on silver. If they allowed it to seek its own level the industries that need it would go under. I do believe everyone has known they manipulate the hell out of silver since the Hunt brothers got screwed. Still it makes more sense to carry a few ounces of silver if SHTF than a few ounces of gold.
Because the market isnt open yet?