Gold trading at over 2,300. Taking historical gold silver parity into consideration, silver has to more than double to catch up. That would be exciting.
Exactly. The silver/gold ratio is over 85 to 1 -- historically that's VERY high; the US bi-mettalic currency had the ratio at about 15.5 to 1 (one-ounce gold coins were $20 face value -- and contained 0.9675 ounces of gold -- while one-ounce silver coins were a single dollar and contained 0.77344 ounces of silver).
Gold trading at over 2,300. Taking historical gold silver parity into consideration, silver has to more than double to catch up. That would be exciting.
Exactly. The silver/gold ratio is over 85 to 1 -- historically that's VERY high; the US bi-mettalic currency had the ratio at about 15.5 to 1 (one-ounce gold coins were $20 face value -- and contained 0.9675 ounces of gold -- while one-ounce silver coins were a single dollar and contained 0.77344 ounces of silver).
https://yandex.com/search/?text=gold+content+of+%2420+US+gold+coin
https://yandex.com/search/?text=silver+content+of+%241+silver+dollar