Coinflation.com says $79.33 per ounce for silver. That's where I usually go to check, as it also tells the melt value of coins.
I used to be able to buy a loaf of bread for a single silver dime. Today, I can buy two loaves. That means the price of silver is high compared to other commodities.
Gold is $4562, which seems a bit much also. Before the Fed, an ounce of gold was $20 and could buy a nice suit. If today's ounce price is any indication, I don't believe I can ever buy another suit. The current price is over twice what a good custom men's suit should cost.
As high as silver is right now, it's still way underpriced compared to the price of gold based on relative rarity of the two.
Coinflation.com says $79.33 per ounce for silver. That's where I usually go to check, as it also tells the melt value of coins.
I used to be able to buy a loaf of bread for a single silver dime. Today, I can buy two loaves. That means the price of silver is high compared to other commodities.
Gold is $4562, which seems a bit much also. Before the Fed, an ounce of gold was $20 and could buy a nice suit. If today's ounce price is any indication, I don't believe I can ever buy another suit. The current price is over twice what a good custom men's suit should cost.
As high as silver is right now, it's still way underpriced compared to the price of gold based on relative rarity of the two.