Is it correct that historically silver is 16% the price of gold?

The price of silver is manipulated downwards. Historically it's a 16 to 1 ratio not 16%.

It's called naked shorting. Selling paper contracts where the physical silver doesn't exist to cover it. They even admit they do this and that the paper contracts trade 'in the multiples of the underlying phsyical'

It is. HSBC and JP Morgan currently in the courts over it but nothing will be done.

There is a 'crash JP Morgan, buy silver' campaign to raise the price of silver and give them a massive financial hit but they are so big and so in bed with the Federal Reserve that they'd just be bailed out anyway IMO.

Gold and silver are a must IMO. China can see what is happening. America going to inflate the dollar until they can pay their debt with devalued currency. People will lose confidence and there will be hyperinflation in my opinion. I know certain people here think it 'can't happen here' and I don't really want your thread hijacked with another debate on a global currency collapse but I expect QE2 to finish (only half way through their buying spree I believe), QE3, 4 and so on will follow. Commodities will absorb that moneyand we'll see food prices, cotton prices and metal prices skyrocket (they won't have gained much in real terms, they'll just preserve purchasing power - hopefully along with a house price crash)