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All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins

Gold Goes Over $700 Again And Silver Lags Behind

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nohope587
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 Posted 09/11/2007  12:23 pm Show Profile   Bookmark this topic Add nohope587 to your friends list Get a Link to this Message Number of Subscribers
I checked kitco today and see that gold is again finally over $700 an ounce and silver has climbed back to the $12.70 level.
Historically the gold silver price ratio has been a lot less than the 55 to 1 it is now which would suggest that silver is way under valued.
anyone want to comment on why they think silver is so low? I would expect it to be above $14 an ounce.
BadThad
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 Posted 09/11/2007  1:14 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
From what I've read, there's been a lot of silver "dumped" into the market....something about covering margins and hedgefunds.
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