Gold:Silver Ratio Coming Down Fast – Silver Mining Stocks Rising Fast Too
I, along with other precious metals commentators, reckoned the Gold:Silver Ratio (GSR) – the amount of silver it would take to match in value an equivalent volume of gold – print of over 120, which was reached as recently as this March, was ridiculously high, and was thus certain to come back to more normal levels. Even so the ratio has come down to its current 73 level far faster than I had anticipated. I had initially assumed the GSR might come down to around 80 – still a historically high lev…