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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To me, I would lean towards it means nothing at all, though people may make it mean something. Total mined doesn't really have anything to do with the market of a resource I would think you would want to compare availability, cost of discovery and extraction, and market demand to determine if the resource is at fair value.