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Message:: [QUOTE="medoraman, post: 1001086, member: 26302"]I would be very hesitant to look at this ratio as well, for all of the reasons you have stated Krispy. They have nothing to do with each other, especially with gold being a more worldwide commodity. To me the gold/silver ratio has much more validity, though I do not think it will return unless both metals worldwide go back to being seen as simply stores of value. They aren't, gold is the store of value and silver an industrial metal. That is why the ratio is now broken. I think stocks were oversold for a couple of decades, now PM's are being oversold to investors, that is why I am not a buyer now. I respect your beliefs Krispy that they have a long way to go up, but I believe that would only be true in relation to the US dollar if it keeps falling, not for the rest of the world. To me, these high prices are bringing online too many new sources of production to be sustainable. All across the west and Mexico and South America there are abandoned mines being reevaluated for opening. At $5 silver they were played out, at $20 they are very attractive. I still remember the Egyptian mine of the pharoahs being reopened recently after 1800 years of being closed. High prices will bring high production.[/QUOTE]