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RE: A Game for the Steemit Silverbugs - Guess the Silver price on Market closing next Friday
Nothing wrong with putting in a guess, just don't claim your own prize pay it to the next closest. It's getting close to $17.40 now, 
check out the gold silver ratio it's dropping like a rock, cheers.
Well, as long as gold isn't moving, the G-S ratio is bound to change. But dropping like a rock? Concidering a realistic ratio would perhaps be between 10 and 15 : 1 - we are still far away from that.
It didn't take long in 2011 for it to drop down to 30:1 and the under valuation is much more extreme today. 10:1 sound pretty damn good to me, cheers.
Yes, I wouldn't mind that either. :)
Especially, since the gold price is rediculously low as well, measured in purchasing value. It should rather be in the region of 15.000 to 20,000 $US and silver 1500 - 2000 accordingly. That is the historic base value as it was for many centuries. 1 oz of (pure) silver equals a monthly pay for a average labourer or soldier, and 1 oz gold about a years pay.
Looking at all the factors today that doesn't seem so far fetched at all. And the stackers will love that, of course.