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Gold/Mining/Energy : An open letter to jr. gold investers by Ron Pitts 03/27/97
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To: Robert who wrote (275)5/26/1997 1:12:00 PM
From: Ron Pitts   of 297
 
Hello Robert, You pose a good question when I take in in the contex you bring to bear on it. I am asimple cuss and have not looked far enough into your question to offer you an answer. I know that over the years we have seen the silver to gold ratio go as low as 16 to 1 as when gold traded for 800 dollars an os. and silver 50 dollars an oz. in late 1980 and very early (Jan.) 1981. in 1992 Late. We saw a near 100 to 1 ratio with gols at 335 and silver in the 3.45 area. History going back to the Romans considered the proper ratio 10 to 15 to 1. As the feeling was that the earth has to offer shall we say 10-15 times as much silver as gold . Somewere in the back of my mind I think we have a 15to 1 ratio set up early on in the history of the United States. In a metals bear market in general silver tends to fall to the extream end of the 100 to 1 area and in a full blown Bull market in the medal silver goes to the lower end of the ratio as in 1980 . The historical point of equiliberam (sp) has been concidered 35 to 1. and it has been considered a time to go into one medal over the other when this equibliberam is more than 20% out of wack one way or the other. That is to say the weeker metal should catch up or the stronger one fall. In the plyiscal metals holders would people make money tradeing this concept. (sp). Sorry Rober I was not much help here. As for me I like silver for a number of reasons. Goverments don't hold a lot so it is Much harder for them to mess with the price and silver has so many industral applacations ,that it has a life today quite apart from it;s monatary aspects. Regards Ron Pitts
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