» posted on Friday, April 26th, 2013 at 5:05 pm by Damiennet
The disparity between silver and gold is striking
Here’s a little info you might not have noticed. The current price of gold per Troy ounce is $1453.90, while the price of silver is $23.90. Therefore, an ounce of gold is selling for nearly 61 times as much as an ounce of silver. So, what does this mean? Well, it depends who you are.
If you like silver because it’s a metal that is consumed in many industrial uses, and is a store of value, then the 61 to 1 ratio is meaningful. Historically, it has hovered around the 15 to 1 level.
Just so you know, I’m not offering investment advice, and have no formal trading. I’m just pointing out an interesting fact that the silver stackers might appreciate, or that might be of interest to those looking to get involved in silver bullion. With the way the economy is heading, you need to keep a close eye on these things!
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