$6,000 silver - mike maloney, page-4

One aspect don't forget most of the gold previously mined is still available as it is predominantly an investment metal. Silver is industrial as well as an investment metal and the Majority of the silver mined has been used and essentially destroyed as it gets used in minute quantities in so many modern devices that it is uneconomic to recover at current and historic prices. So I am not sure how relevant that ratio is for a value comparison, I would have thought a ratio of how much gold is left vs how much silver is left would be a more accurate reflection of value. Even more so, if all the gold disappeared tomorrow what would be the impact on modern society? very little. Now what would happen if there was no more silver? used in cellphones, computers, electric vehicles, solar panels and many many more items. So for usefulness it seems to me silver is more valuable than gold as an enabler of technology so maybe the ration should reflect this in silvers favour :)if silver does run out in the next 20 years perhaps it will go much higher than this!