Will Silver perform better than Gold?
October 9th, 2009
A lot of market participants are bullish for gold these days.
But what about gold’s „little sister” silver?
Mother Earth contains about 15 times as much silver than gold and the historical prices for gold and silver reflected this ratio most of the time.
And how are prices today?
One oz. of gold this Friday morning stands at $ 1045, but one oz. of silver only costs $ 17.75
(watch for precious metal quotes on “Kitco.com” )
So today you can buy 59 oz. of silver for the price of one oz. of gold!
This is an enormous disconnect from the historical price ratio!
What do you think?
Will this gap close? Does this mean the beginning of a huge silver rally?