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RE: Yet another mysterious flash crash. Silver should be worth $800 troy ounce

in #norway7 years ago

Yes, I understand that the Silver to Dollar ratio at $800 per oz is from the perspective that silver is an active monetary metal used as currency. But! You're doing a miscalculation..you're assuming that the price of gold is correct. My stand is that neither silver nor gold is priced right (and the confirmed manipulation of the prices I think is proof of that) so even if Silver won't be 800 because it's not going to be a currency, it still has to stretch for 1:11 at some point, and if Silver is manipulated, one can make the assumption that gold is too. So even in a conservative scenario, we could be looking at silver prices going up to between 100-200$ Which is not at all crazy. :)

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Ratio 1:11 lasted until large deposits of silver were discovered in South America and Mexico. Since then supply of silver is much higher so the chances of gold silver ration returning to this level are almost non-existent.

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