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Message Subject
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Silver Almost Down to Half of Its High
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Poster Handle
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Anonymous Coward |
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Post Content
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shouldn't the gold to silver price ratio be lower, according to fundamentals?
Quoting: Anonymous Coward 30808138 Fundamentals that you speak of are back when gold and silver were uses as money. It will nevwr be used as money in the eveeyday real world again. Some miners can still mine silver for about $10 or less per ounce. If you wanr a precious metal with real fundamentals look at palladium or maybe platinum, but more so palladium. The mining costs of silver has gone through the roof lately. This will lower supply. Not true. Silver is a by product of mining for other metals. Look at the financial reports released recently by some of the top silver minders. They mine silver at an average of $10 per ounce some other moners do it for $7 -9 per ounce. The silver community loves to spin and distort the facts. Think about it. If the fed printing billions hasnt caused the metals to go through the roof then what will?
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