page contents Your Financial Blogger: Silver to $50/oz. shouldn't be a problem

Tuesday, March 8, 2011

Silver to $50/oz. shouldn't be a problem

On a historical basis the silver to gold ratio is 16:1 that means if gold is trading at $1600/oz. silver should be trading at $100/oz. if history is any indicator of the future, silver should be around $90/oz. today.

In the 1980s Silver's all-time high was made--$50/oz. the monetary base has expanded by ten times since then. If silver is a store of value, silver should be $500/oz. today.

Silver is a scarce commodity and is believed by the USGS to be the first element on the periodic table to go extinct.


..

No comments:

Post a Comment