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'wealth' magazine article gold/silver

  1. 5,231 Posts.
    p. 70
    '...It is interesting that in our early days of istory, the official ratio for silver to gold was 15:1 whic basically meantthat to buy 1 oz of gold you would need approx. 15 oz of silver to 1 oz of gold.
    ...ratio of silver to gold sit at a staggering 82:1 which ...Robert Kiyosaki claim is an unsustainable level.

    today, there are only 300milllion ounces (approx) if above ground silver available in the market place, with no significant new finds...silver has been more of a resource that is consumed in products (mobile phones, and medicinal products) particularly with te industrialisation of te emerging markets. As a result we are seeing this limited stockpile decline at a rapid pace - which is again why the likes of Robert Kiyosaki believe the outlook for silverd is very positive....'
    also from the article, Harry Dent reckons gold could go to US $1500 over the next couple of years.

    there is an earlier article in the mag that says about Perth Mint having to stop taking orders to catch up with the orders.

 
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