Ounce.Me reports Gold / Silver Ratio at 1:47
December 3, 2010
In two breaking news stories today, Ounce.Me is reporting that the Gold Silver Ratio has hit 1:47 and the Ounce.Me sum is nearly at $4,000.
Both stories are historic watershed moments.
The fact that it now takes $4,000 to buy 1 ounce of all 4 precious metals (Gold, Silver, Platinum and Palladium) makes it official that the Planet has officially adopted the precious metal standard for currency.
Think about it, it takes $4,000 dollars to buy a total of 4 ounces of metal. With one of them trading under 30 dollars.
The next thing is the gold / silver ratio. Historically over the past 40 years it’s traded at 1:60 … now it’s 1:47 … perhaps something to do with the fact that there is nearly 5 times as much Gold than Silver out there… and what’s left of silver is being consumed on solar panels…. but hey what do investors know.
You won’t be able to buy Silver at any price if this continues.
Enjoy the new reality.
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