There are many known uses for Silver. Gold is coveted mostly for jewelry. I just watched several videos about the gold / Silver ratio. Today’s ratio is over 80 to 1. This means 80 ounces of silver will buy one ounce of gold.
Mining the earth for metal produces 1 ounce of gold for ten ounces of silver. You might expect prices to be 10 to 1 rather than 80 to 1.
If you consider the amount of silver consumed in industry, the price ratio is even more absurd. Silver is significantly more valuable than gold.
My personal opinion is... I expect to see the gold to silver ratio to invert in my lifetime. This is not very long. The question will be how many ounces of gold will it take to buy an ounce of silver.
Before this inversion can occur silver prices must be allowed to be free of banks paper derivatives. Banks and governments manage the price of silver to support their fiat based currencies.
Why is this on my mind today?
I recently purchased a little solar powered bird bath fountain. This requires a very tiny amount of silver within it. There is no gold required. There is also no extra energy required. Solar power will place ever increasing demands on silver resources.
Technological advances will require more silver. This may be considered fact, but today it is my opinion. Likewise, I expect drastic changes in banking systems.
Here is today’s beauty.
