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Title: Silver On Sale: Silver-Gold Ratio Back Above 80-1
Source: [None]
URL Source: https://www.zerohedge.com/commoditi ... ver-gold-ratio-back-above-80-1
Published: Dec 15, 2021
Author: Mike Rivero
Post Date: 2021-12-15 11:44:39 by Horse
Keywords: None
Views: 707
Comments: 1

In simple terms, historically, silver is extremely underpriced compared to gold. At some point, you should expect that gap to close...


Poster Comment:

Central Banks have been buying lots of gold by the ton.

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#1. To: Horse (#0)

There are very few silver mines. Most silver comes from mining other metals such as copper, zinc, and gold. They make their money from the primary metals so they dump the silver at the market. Even if the market was $5 they will sell it because is an extra. Therefore, no matter how cheap silver gets, they will keep mining copper, etc. Therefore, if silver mines close because they are not profitable, there will still be a lot of silver from mining other metals.

The problem with the price of silver is the huge supply acquired from mining other metals and that there is very little demand. All the large uses of silver are no longer. That is, little or no photography using silver and almost no silverware, The USA and many other countries no longer use silver coins as money, and there is very little silver used anymore in jewelry.

Because of the huge supply and so little usage, don't be surprised if the price of silver falls to $10 per ounce.

DWornock  posted on  2021-12-15   16:25:22 ET  Reply   Trace   Private Reply  


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