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Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?


To: SwampDogg who wrote (10153)10/3/1999 4:53:00 PM
From: koan  Read Replies (1) | Respond to of 36688
 
1980: the ratio was 16 to 1 (800 vs 50), but that was a manipulated mkt to some degree. In the solar system the occurrence of gold to silver is 10 to 1; and interestingly the amount mined over that last couple of thousand years has been 4 billion oz gold and 40 billion oz silver; 10 to 1; but silver is being used up and gold is not. If you check any of the bull mkts over the last 50 years I think you will see the gold/silver ratio generally collapses in those mkts. Silver inventories are very low right now. I think the reason the ratio is skewed in favor of gold at all is because of the big institutional holdings i.e. central banks.