What is coming out of the ground?
approx 534 million ounces of silver mined so far this year and 60 million ounces of gold, giving a ratio of around 9:1.
So aiming for a ratio of 16:1 is a pretty good bet IMO.
Problem is everyone in the PM space is looking at the same ratio.
gold/silver ratio - future potential ratios, page-13
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