[e-gold-list] Well, at last!

[Paul Davis]

Once upon a time a year or two ago, silver was trading at better than 2% the
price of gold.  Then it dropped, and it's been down around 1.8% or worse for
quite a while.  

Within the last couple of days, though, it's started marching up again.  At
this writing, it's about 1.9% and climbing.  It wouldn't surprise me to see
it pass the 2.0% mark again in the next day or two.  (If only I could figure
out why!)

Most people watch the US$ prices of gold and silver, but to my way of
thinking those only tell you the price of the dollar, not the gold or
silver.  But watching the interplay between gold and silver allows you to
peek into the real values of the metals -- at least compared to each other
-- which is a lot more meaningful in assessing how the market values them.

I still consider Ted Butler's assessment to be where silver is going.  He
claims that there is less refined silver available to the market than there
is gold and that thus silver should be priced higher than gold.  Works for
me!  Bring it on!


Paul Davis
 
 "Religion is regarded by the common people as true, by the wise as false,
and by the rulers as useful." - Seneca



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