RE:RE:RE:Silver/Zinc Fallout As Rising Energy Costs Close Smeltersmiscstuff wrote: "I believe 15:1 was like a hundred years ago and in modern times it's never been near that..."
Right, current norm is usually in the 75/1 to 80/1 range. As of 12:45 today is was 79/1. Silver went down 3% today and gold .75% which put it at the higher end. Silver has many modern industrial uses including electronics, solar panels and electric vehicles. Silver prices are no longer driven by jewelery for the masses. At 78/1 gold/silver, $3000 gold nets you $40 silver, but it will all be about industrial demand.
Of all the industrial metals silver is the one no where near its all time high. I like that a lot.
So, silver as money...silver as industrial metal. It's like the gold/silver ratios. I don't think about them much. It's not a competition.
Silver's future today is brighter than at any time in history.
Cheers.