Quote:
Originally Posted by karl262
What i mean is all the mined physical gold vs all the mined physical silver that exists according to those numbers above is a ratio of aprox 1 to 2.5.
The gold/silver ratio in terms of dollar value per ounce right now is 1 to 68.
So you would need to trade 68 ounces of silver to get 1 ounce of gold.
Does that mean gold is too expensive or silver is too cheap? Or nothing at all?
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Hopefully silver is too cheap!! Seems to be a lot of experts on board with that. I'll probably jump into silver as this seems like a good time to do it, but looking long term. If something fun happens this week, short term? Bonus!