Gold and Silver are mined at let's say for argument sake at a ratio of 10 to 1 which I believe is fairly accurate. That's 10 ounces of silver to 1 ounce of gold. So let's figure out what a ounce of silver should cost. It should also be noted that history roughly valued gold and silver at a 10 to 1 ratio as well.
So:
Golds current price - $1262.70 USA
Silvers current price - $17.28 USA
This is a ratio of 73:1 - or you can buy 73 ounces of Silver or 1 Ounce of Gold for the same amount of money.
So we know that throughout history Silver and Gold were exchanged for 10:1 so the value of Silver should be:
$1262.70 / 10 = $126.27 USA @ a 10:1 ratio
CURRENTLY = $ 17.28 USA
So who thinks Silver is currently on sale for deep deep discounts?
Thank you for your support and comments and please ReSteem if you feel that your Followers need to know about the current Massive SALE ON SILVER!
