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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (15485)	3/17/2007 2:29:01 AM
From: 8bits	Read Replies (1) \| Respond to of 217942

There was a long article somewhere, maybe on Kitco, sort of "debunking" the gold silver ratio business. At a few times in the middle ages, silver was worth maybe 20% more than gold. I'll have to look for it... this chart reflects pricing of silver and gold from the late middle ages to 1998: goldinfo.net In 2005 production of silver was roughly 20K Metric Tons vs. Gold at 2.5K Metric Tons safehaven.com The article above has the average total Cumulative World Silver Production = 45.556 billion ounces And Gold at: average Cumulative World Gold Production = 4.25 billion ounces Given your statement about widespread uses of silver and the lack of recycling to due industrial usage vs gold which is predominantly used for jewelry and coinage (and hence recycled at a higher rate) and their respective ratios of production, I can see that Jay's assertion that silver is heavily undervalued vis a' vis gold has merit. Other articles from the series on silver: safehaven.com safehaven.com