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Can anyone tell me why gold is making record highs, now over 10% higher than it's 2008 high (995ish) yet silver is still nowhere near it's high of 2008 (over $20 oz)?
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Silver's crash last year spooked a lot of people. They won't re-enter the market & those that stayed in are now mightily relieved to be getting out at around break even.
Personally I've been buying a lot of Silver stocks of late & will continue to do so.
Personally I've been buying a lot of Silver stocks of late & will continue to do so.
my mate who got me into buying a few kilos of the stuff mentioned that historically the ratio of gold to silver is about 14:1, but for many years now its up around the 50:1 mark.I was hoping that the ration would return towards that historical ratio. At current prices it's heading to 60:1. Thx for the reply tho -( i dont really follow it too closely, and regardless i've got some pleasure out of it. When you handle a 1kg bar you kinda realise why it's valuable.)
http://stockcharts.com/h-sc/ui?s=$GOLD:$SILVER&p=D&yr=3&mn=0&dy=0&id=p63586163491
It's trending back to 50:1.
It's trending back to 50:1.
thx for the chart uptheowls. 80:1 at some points - faaaaaaark.
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