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<p>[QUOTE="SilverSurfer, post: 769982, member: 21603"]The silver to gold ratio is currently based off of what it costs to produce a .9999 fine silver coin vs. a .9999 gold coin. Currently, the cost for extracting that gold is about 60 times more expensive than silver. For one thing, silver is mined as a secondary to other metals such as zinc, copper, and lead. Therefore, the costs aren't calculated into what it takes to produce it. Since these companies don't deal in silver primarily, they treat it as surplus revenue.</p><p><br /></p><p>I think the only way you will have the gold silver ratio going back below 20 to 1 is if all production of gold and silver stopped, and all that was left was what is above ground. I don't think this is a likely scenario in my lifetime.....maybe my grandkids. So, maybe you could will all that silver for them, so when the PM is all depleted, they will be rich. But, us.....I don't think so.[/QUOTE]</p><p><br /></p>
[QUOTE="SilverSurfer, post: 769982, member: 21603"]The silver to gold ratio is currently based off of what it costs to produce a .9999 fine silver coin vs. a .9999 gold coin. Currently, the cost for extracting that gold is about 60 times more expensive than silver. For one thing, silver is mined as a secondary to other metals such as zinc, copper, and lead. Therefore, the costs aren't calculated into what it takes to produce it. Since these companies don't deal in silver primarily, they treat it as surplus revenue. I think the only way you will have the gold silver ratio going back below 20 to 1 is if all production of gold and silver stopped, and all that was left was what is above ground. I don't think this is a likely scenario in my lifetime.....maybe my grandkids. So, maybe you could will all that silver for them, so when the PM is all depleted, they will be rich. But, us.....I don't think so.[/QUOTE]
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