Today market veteran James Turk told King World News that the Gold Silver ratio is going to collapse as the price of silver soars above $50.
February 3 (King World News) – James Turk: “The undervaluation of silver isn’t going to last. I see silver as a gold substitute. What people don’t understand is that right now 90 ounces of silver does the same thing that one ounce of gold does. The Gold/Silver ratio is 90/1. The ratio is going to fall to a much lower level. There is 10 or 11 times more silver mined than gold every year, so why isn’t the ratio 10/1 or 11/1 or even 20/1 rather than 90/1? So when we finally break out of this range, gold will be going to new records, but silver is going to be headed towards $50, and eventually it’s going much higher than that. It has to happen it’s just a question of when. To continue listening to James Turk discuss what he expects to see from the metals markets short and long term as well as the mining share markets click here or on the image below.
Alasdair Macleod’s audio interview has just been released click here or on the image below!
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