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Joined: Jun 2016
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After the Hunt brothers tried to corner the silver
market some 40 years ago, the gold-silver price
ratio stabilized at roughly 60-1 and held that more
or less for 25 years. That implies $1500 gold should
mean $25 silver. If as some have predicted that
silver that high should rapidly rise to $100 which
implies $6000 gold - both not unrealistic. When
gold and silver were last issued as coinage the
ratio was 20-1. The question then becomes that in
times when more paper gold is traded than there is
physical inventory (the very existence of which has
been called into doubt), shouldn't the gold-silver
ratio be much higher than 80-90 ratio of recent
experience? A return to a fractional gold standard
of $50,000-100,000/toz would seem to indicate a
gold-silver ratio of 1000-1. Is this this what our
debt buildup is leading to?
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jpdell33
09-06-2019 @ 2:23 PM