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Monday
Aug062007
Gold above $1000: Then Where Are Silver Prices?
Monday, August 6, 2007 at 09:06AM
At the Diggers and Dealers Forum in Kalgoorlie, Australia, Pierre Lassonde said today that the price of gold is to surge above the $US1000/ounce level. If he is correct then where will silver prices be?
If we take a quick look at the gold to silver ratio we can see that from the chart below that the ratio is approximately 52, a gold price of $672 divided by a silver price of $13.09 gives us 51.33.
So if and when gold gets to $1000/ounce and the ratio remains the same then we have $1000/ounce for gold divided by the current ratio of 52 equals $19.23/ounce, very near our $20/ounce target price for silver.
Go Gold Go!
To read more about this forum please follow this link:
Diggers and Dealers.
If we take a quick look at the gold to silver ratio we can see that from the chart below that the ratio is approximately 52, a gold price of $672 divided by a silver price of $13.09 gives us 51.33.
So if and when gold gets to $1000/ounce and the ratio remains the same then we have $1000/ounce for gold divided by the current ratio of 52 equals $19.23/ounce, very near our $20/ounce target price for silver.
Go Gold Go!
To read more about this forum please follow this link:
Diggers and Dealers.
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