Correct. Also the ratio of the price of gold to the price of silver, is ridiculous.
With all the electronic money being thrown around (liquidity crisis / too much debt compared to cash and cash equivalents) this is an analogy to when a human body goes into shock and all the blood vessels dilate. Blood pressure plummets.
I’m seriously looking at buying gold/silver miners, or options on such.
As well as oil stocks; “buy when there’s blood in the streets.”
They say don’t buy paper metal. I don’t. My Brother IL has gold mining stocks he inherited decades ago. He must be doing OK because he hasn’t had a job in decades.