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<p>[QUOTE="Bluesboy65, post: 1113811, member: 23329"]I'm not sure how I feel about the gold/silver ratio. The last time it was at 15:1 was about 1979 when silver experienced a super spike followed by a super crash; pretty dramatic chart. Having said that I do think there is something to thought that silver and gold = money and that market forces will recognize them in proportion to their representation in nature. In modern times fiat currencies have provided a reliable medium of exchange and has been the means by which the world conducts business. However, we have seen fiat's come under some stress and as people move from currency to money (silver and gold) and as this movement happens the price gets bid up. Based on what I have read, ready stockpiles of silver are very low and the chief advantage that silver has over gold is that silver is also a valuable industrial commodity. So silver has the potential of doing well in two very different scenario's 1) it shines because of its use as a store of wealth in a fading economy 2) it shines in a strong economy as it responds to industrial demand.</p><p><br /></p><p>Regards,</p><p><br /></p><p>Bluesboy65[/QUOTE]</p><p><br /></p>
[QUOTE="Bluesboy65, post: 1113811, member: 23329"]I'm not sure how I feel about the gold/silver ratio. The last time it was at 15:1 was about 1979 when silver experienced a super spike followed by a super crash; pretty dramatic chart. Having said that I do think there is something to thought that silver and gold = money and that market forces will recognize them in proportion to their representation in nature. In modern times fiat currencies have provided a reliable medium of exchange and has been the means by which the world conducts business. However, we have seen fiat's come under some stress and as people move from currency to money (silver and gold) and as this movement happens the price gets bid up. Based on what I have read, ready stockpiles of silver are very low and the chief advantage that silver has over gold is that silver is also a valuable industrial commodity. So silver has the potential of doing well in two very different scenario's 1) it shines because of its use as a store of wealth in a fading economy 2) it shines in a strong economy as it responds to industrial demand. Regards, Bluesboy65[/QUOTE]
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