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<p>[QUOTE=&quot;fatima, post: 1076048, member: 22143&quot;]This is because it was set in sovereign law to have this value.&nbsp; It had no bearing on the intrinsic value between the two metals.&nbsp; &nbsp; Even in the USA, the dollar was set to be = to a number of grains of silver.&nbsp;&nbsp; Gold was then set to a ratio of 16X this worth in weight.&nbsp;&nbsp; When the USA went to completely fiat money, there was no longer any tie between the two metals except as Cloud said, in people&#039;s minds.&nbsp;&nbsp; </p><p><br /></p><p>The real reason Silver going up is this: The price of paper silver on the COMEX.&nbsp; &nbsp; It&#039;s got nothing to do with collectors buying coins and bullion.&nbsp;&nbsp; The action is taking place on the COMEX.&nbsp; Right now the banksters are producing unprecidented amounts of unbacked silver shorts on this futures market in hopes of bringing the price down.&nbsp; However their bluff is being called and large investors are holding these shorts knowing the COMEX can&#039;t deliver the metal.&nbsp; They are then taking a cash payout instead at a substantial premium.&nbsp; &nbsp; i.e.&nbsp;&nbsp; Invest a billion dollars today in silver contracts, hold for delivery, banksters are force to settle at 120% cash (or more) make $200M in 2 months.&nbsp; Great profit.&nbsp;&nbsp; It&#039;s this kind of activity that is driving up the price.&nbsp;&nbsp; </p><p><br /></p><p>Guess who ends up paying the bill for this fraud?</p><p><br /></p><p>It&#039;s going to break someone&#039;s back. Unfortunately for retail investors such as those on this forum, they can&#039;t get into this action as a single silver contract is 5000 ounces.&nbsp; &nbsp; But it does drive up the price of coins an bullion because these prices are set directly by this kind of activity.&nbsp;&nbsp; Keep in mind that it could collapse as quickly as it has risen and your $30/oz silver could return to $17/oz silver in a few months time.&nbsp;&nbsp; All it takes is for one set of players above to bow out of that game.&nbsp;&nbsp; </p><p><br /></p><p>This occurs with gold as well but to a far lesser extent and it&#039;s not as susceptible to this kind of high stakes gambling.&nbsp;&nbsp; Beyond that, there is no relationship of gold to silver in terms of pricing.&nbsp;&nbsp; Keep in mind this.&nbsp; All central banks hold gold as part of their monetary reserves.&nbsp;&nbsp; About 70% of the USA&#039;s foreign reserves (I believe) are also in gold.&nbsp;&nbsp; So don&#039;t do as the bankers tell you do to, do what they do.&nbsp; </p><p><br /></p><p>As for the OP&#039;s assertion, I don&#039;t think it will happen.&nbsp;&nbsp; As someone mentioned, all of the false + signs of the economy being fixed have come at the cost of trillions of $s being created by the Federal Reserve, and unprecedented amounts of US federal debt on top of that,&nbsp; and this is a time bomb that is affecting anything, and none of it good.&nbsp;&nbsp; Don&#039;t fall for the hopium crack pipe called economic recovery by borrowing.[/QUOTE]</p><p><br /></p>

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