I think silver is highly undervalued and should be at least on par with gold, maybe its boom is just a little bit behind gold?
perfect timing considering todays smackdown lol
Gold to silver ratio in the Earths crust is quoted between 19:1 to 50:1 depending on the data you believe so why would gold and silver be on a par?
Because silver is used in a lot more ways than gold! Demand will only continue to increase and because there is only a finite amount the price can only rise
for most reasons where silver is used, gold can be used to replace silver and often even do a better job, but not so much better that it's worth spending 50 times more on.
If silver becomes nearly as expensive as gold, gold will be used more instead of silver, driving the price of silver down again.
However, that alone still doesnt account for silver being so much cheaper than gold.