Quote:
Originally Posted by Bobbyoutback
The Gold / Silver ratio is now over 93 ounces of silver for one ounce of Gold .
But only 10 times more silver exits in the ground to gold .
Gold spot price is over $2000AU an ounce , Silver is just $21.49AU an ounce !
Get some Silver now whilst it's so under valued  |
I don't think the amount in the ground determines the price. It's the cost of getting it out of the ground and purifying it that matters. There is actually more Al in the crust than Fe but because refining Al requires more energy than Fe there is (last I checked) about a 6 fold difference in price.