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<p>[QUOTE=&quot;SilverSurfer, post: 739535, member: 21603&quot;]Yeah, but you can&#039;t go by that anymore.&nbsp; The price is more locked into what it costs to mine and produce an ounce of gold vs. an ounce of silver.&nbsp; Because silver is mined as a secondary metal to a lot of base metal mining, it isn&#039;t figured into their operating costs and is seen as a boon to the base metal business.&nbsp; For this reason, silver is much cheaper to produce than gold, on the order of 50 or 60 to 1.&nbsp; And that is why the ratio is about 50-60 to 1, now-a-days.&nbsp; Of course, if the entire supply of gold and silver where mined and none of it were left in the ground, you&#039;d expect the ratio to go back to the ratio of what is currently available above ground.....and right now, there is&nbsp; less silver than gold in terms of volume.[/QUOTE]</p><p><br /></p>

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