Silver hasn’t been this cheap in 5,000 years of human history

SovereignMan/Simon Black

“Right now, in fact, the price of gold is relatively cheap compared to the current money supply. And the price of silver is ridiculously cheap compared to gold. Again, silver has never been cheaper in 5,000 years. This is why I’d rather just own physical silver. I’m not interested in betting against gold because I expect they’ll continue to print money. In fact I’m happy to buy more gold.”

USAGOLD note:  At nearly 114 to one, the gold-silver ratio is one of the more reliable explanations for the high silver demand at USAGOLD in recent weeks. The other is that at roughly $15 per troy ounce it simply looks undervalued ……

line chart showing the gold-silver ratio at almost 114 to one

Chart courtesy of TradingView.com


Repost from 5-3-2020

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