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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (43305)	7/13/2011 10:29:10 AM
From: Difco	Read Replies (2) \| Respond to of 78601

Thanks for the link. I don't know much about commodities, so this is educational. I read this on silverstockreport.com "What is really odd is that the world has seven times as much refined gold as silver, yet silver is still cheap compared to gold: 60 ounces of silver being the equivalent to an ounce of gold. An impartial observer might may view those figures and conclude that a maximum price for silver would be seven times more valuable than gold! But how much gold and silver is there in the ground? In the ground, gold is more rare than silver. The historic ratio is about 15:1, meaning 15 ounces of silver were worth about one ounce of gold, and this ratio was very close to the ratio at which the two were mined. About ten to fifteen times as much silver was mined as gold. Today, less silver is mined." I guess they don't call them rare metals for nothing!