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The Chip Board Archive 24

NCR Precious metals today

It's interesting to watch what's happening to gold and silver prices in the crisis we are in these days. The gold price is up nearly $50 today!

The ratio of the two precious metal prices the US has used monetarily is at nearly 80 (gold divided by silver). That's nearly what it was at in the 1930's during the great depression. The ratio will certainly drop over the next months-days-years. The question is whether silver will catch up, or whether the government will take action to reduce the gold price.

Here's a historical chart to show the gold/silver ratio over the past 100 years or so.


Copyright 2022 David Spragg