Predictions for gold and silver prices?

We had a guy on CT up until a couple of years ago who was heavily into the gold:silver ratio. He was hell bent on touting that ratio would never drop below 100:1 again. Well that ratio blew through 90, 80, and 70, to where it sits today at 64.6:1

If my failing memory serves me correct, his screen name was baseballnut.

 

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That's pretty crazy considering how much gold has gone up as well. Silver lagged in value for so long, it had to give sometime. There are tons of industrial uses for silver that gold doesn't have.

 

I’m well over 500 ounces just in bars and rounds of silver. I still have the silver rounds that I bought in Idaho when zI went to the Sunshine Mining Company. They had a small display room so I bought a few ounces at less than $10 per ounce.

 

I bet there's a lot of regrets out there. Heck, I traded a kilo on something and got $50/oz trade value on it a month ago plus a wad of cash. Should have waited and kept the cash. Im glad I didn't let anymore go. The youngsters were probably happy as silver briefly hit $67.67 around lunch today.

 

I've still got some one oz'ers from when I was a kid that would've been acquired around $5 to $7 each. A dealer sold me a 100 gram in person for $150 just 35 days ago.

 

Nice. I am so glad I didn't sell any junk silver this past summer just to make more vault room, silver is bulky. I'd be kicking myself. I was disgusted with my local coin shop, I should go by and thank him now. Not sure he would take that kindly after his low ball offer didn't happen.

 

Best to just forget saying anything to them. Just smile about it. I sold over $400 of coins in my antique shop today. That’s how I unload my extras and get some extra cash. No spot pricing for me.