Monday, August 08, 2011

Gold to Silver Ratio Widens Dramatically

The markets are apparently reacting to the US debt downgrade last week by fleeing into gold, which is reaching record valuations. However, silver prices have remained static (thus far), which has resulted in a 43 to 1 currrent price ratio between gold and silver. Either gold is overvalued, or silver is undervalued at these ratios. Either way, silver appears to be a bargain right now.

US "Peace" Silver Dollar

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