Why can't silver fight back? - secrets of the gold to silver ratio

Silver investors are scratching their heads. Since the beginning of 2024 the price of gold has soared by as much as 70%, and yet the price of silver is lagging behind. As a result, the gold to silver ratio has drifted higher, exceeding 100 for the first time since the pandemic. A gold to silver ratio of more than a hundred is a very rare event, which has only occurred a handful of times before. For instance during World War 2, or in 1991 during the first gulf war. If we look even further back, we will be amazed to discover that prior to the 20th century, the gold to silver ratio has never gone above 20. For all of recorded history, it has always fluctuated around 15, which is the ratio between the concentration of these two metals in the earth’s crust. As a matter of fact, for every ounce of gold that we mine nowadays, only 7 ounces of silver come out of the ground. So why is the price of silver so low compared to the price of gold? This is the mystery we will try to unlock today.

This video is an excerpt from an interview on the ‪Mountain Bullion‬ YouTube channel: https://youtu.be/gWH8yWgnghw?si=26uDOkg_ENSjT1RT

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Music: Michael Kobrin - The Introvert
https://youtu.be/UufcCic_lQQ?si=BK6B0OExDQRGSUOJ

#silver #gold #price #mining #ratio #history