Ferdel

Sean Rakhimov on Silver: The Calm Before the Storm

Gold at US $130.00???????? Hmmmmmm. . . . .


On Apr 27 12:00 AM Plebian wrote:

> Is silver the only 'commodity' that has a users' association (Silver
> Users Association)? Wouldn't this association have an interest in
> keeping silver prices low? And wouldn't it be in the interest of
> this 'cartel' of silver users to collaborate to hold down prices
> (just as the oil cartel collaborate to keep oil prices propped up)?
>
>
> Supposedly the ratio of abundance of silver to gold in the Earth's
> crust is about 10:1. Common sense would dictate that the price should
> approximate this ratio in the long term. If so, either gold should
> currently be US$130/oz, or silver should currently be US$90/oz, based
> on supply fundamentals.