If You Thought Gold Has Made A Big Move... (Silver)

The Business Insider ^ | 5-12-2010 | Joe Weisenthal

[blam]

If You Thought Gold Has Made A Big Move...

Joe Weisenthal
May. 12, 2010, 12:42 PM

Everyone's talking gold today, but we're hearing a lot of chirping about silver today too. And indeed since the bottom the "poor man's gold" has done way better.

Here's silver. Notice it's more than doubled since its lows.

From Stockcharts.com:

[snip]

[ExSoldier]

Having reviewed the responses in this thread let me state for the record that all my silver will be disposed of by tomorrow and my safe deposit box will hold nothing but documents, ever. Really.

[djf]

Rumor has it that there is actually quite a bit more physical gold above ground now than silver. Something like 6 billion ozs of gold, but only about 4 billion of silver, and the reason being silver is used in alot of industrial applications, but it is used in such small quantities that it hasn’t been worth it to try to recycle/recover it.

So if you were to go by a quantity/price type ratio, silver should be about 1.5 times the prices of gold, around $1900 an oz...

[Travis McGee]

I’d say so.