One of the gold hawking outfits is running a rumor of Germany going back to the DM in some fashion.
Bleary eyed. I thought this said “Cold” had made a big move (”Shiver”)
I’ve owned PAAS, SLW, SVM...recently and currently.
Through much of history, the silver-gold ratio has fluctuated at around 12-15 to 1.
It’s now over 60:1. If it climbed to 15:1, silver would go to $83, if gold stayed at $1,240.
Glad we bought some.
ping
Gold has had quite a run in the last 6 weeks.
If the world’s paper money is a fragile as people are saying it is, then gold might keep increasing in price and those who have been naysaying gold will be sitting on the sidelines wondering how gold can be so high.
“...no, no blue chips,either...I was thinking about Zinc! (pause) Yeah, Zinc! What’s it goin for these days? ...Thirty seven and a half cents-—a POUND?? ...Yeah, well, I might be willin’ to spring for a coupla TONS!” - Detective Harris (Barney Miller)
Goldbug ping
Google “gold silver ratio” on a rainy weekend afternoon for an interesting avenue of research.
Mail me to get on or off the Free Republic Goldbug Ping List.
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...