Silver/gold historical ratio 50 to 1. Did anyone else see this?

Discussion in 'Silver' started by show-me-the-metal, Mar 24, 2011.

  1. show-me-the-metal

    show-me-the-metal New Member

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    Hi stackers,

    I was watching "Your money your Call" tonight on foxtel and someone rang up to ask about silver. One adviser said people should start taking profits now and sell all if it hits $42.

    His reasoning was that the historical (his words) silver/gold ratio is 50 to 1. Was saying how there is so much more silver than gold and this will always be the case. Has this guy done any research? He was saying silver is overvalued right now.

    Did anyone else see it?
     
  2. perthsilver

    perthsilver Member Silver Stacker

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    I think he might be talking about the GRS average since Nixon removed us from the gold standard. Instead of including pre 1970 GSR when the gold and silver price was set but the government.
     
  3. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    Didnt see it, but that guy is a silver bear judging by his comments.

    50:1 ! Give me a break - anything under 20:1 you can exchange it all for gold and
    have no remorse even if it keeps falling, but 50:1 heheh
     
  4. perthsilver

    perthsilver Member Silver Stacker

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  5. silver$100

    silver$100 New Member

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    Hey,

    have a look to the following explanation of the Gold/Silver ratio. According to this text Silver is still very cheap. I think the Gold/Silver ratio will fall below 15 in the next years. :)

    http://silver-info.com/gold-silver-ratio.htm

    "So what might be the possible target prices in the future?
    If gold comes up to its inflation- adjusted high from 1980, when one ounce was worth 2200 USD, silver might easily overrun 150 USD.
    But all this is pure calculation. Not to imagine what could happen if gold rises over 2200 USD."

    Good investments!
     
  6. Turk

    Turk Active Member

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    Silver is DIRT cheap.

    There is (roughly) 9 times more gold available than silver today.

    Silver gets used up every day and the stock piles are shrinking FAST. Mining can't keep up.

    This person is utterly misinformed.
     

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