But remember 80% of silver is mined as a by product of gold, lead, zinc and copper, and one does not start up a mine for those credits.
Plus silver, unlike gold which is deeper, is on the surface and most of the easy stuff as been mined, just as most of the scrap silver has been recycled, and much of the silver has been used up and is gone e.g. photography.
Which is where the gold/silver ratio comes in. Most gold is still here, but not silver as so much is used in tiny amounts like photography and electronics..
These are all new dynamics, AND you know better than most the chaos in the world, and with many nations having huge debts like the US, Japan and China, and Europe and now needed to deficit spend for debts and military expansion, who knows where four years of this chaos goes?.
Looking at valuation another way, the modern range ratio for gold and silver is 40 to 80 to one.
I think it is very possible gold goes to $4,000 and if the ratio hits the low end of 40 to 1, which would make sense with the new variables, then you are looking at the fabled $100 silver :)!!? |
