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Silver getting crushed today
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<p>[QUOTE="panzerman, post: 4187082, member: 77704"]At one time (1700s) it was 8 to 1 for gold value to silver. Today its 100 to 1.</p><p>Still, the total gold ever mined in all of history would be a solid cube 60X60X60 or a medium sized house. Paladium is at close to $3000@oz. / Gold is at $1600.</p><p>But then Silver is severely underpriced/ as is gold. If a Country like the US would go back on gold standard, price would have to go WAAAAAY up</p><p>The banking system/ Wall Street are doing their best to keep prices artifically low.[/QUOTE]</p><p><br /></p>
[QUOTE="panzerman, post: 4187082, member: 77704"]At one time (1700s) it was 8 to 1 for gold value to silver. Today its 100 to 1. Still, the total gold ever mined in all of history would be a solid cube 60X60X60 or a medium sized house. Paladium is at close to $3000@oz. / Gold is at $1600. But then Silver is severely underpriced/ as is gold. If a Country like the US would go back on gold standard, price would have to go WAAAAAY up The banking system/ Wall Street are doing their best to keep prices artifically low.[/QUOTE]
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Silver getting crushed today
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