The Gold:Silver Ratio is simply insane. Ratio = 85.77..!!
#Investors-Group News
Gold:Silver Ratio
The Gold:Silver Ratio is absolutely insane now and once again confirms that the Global Financial System and Global Financial Markets are awash with fraudulent and highly manipulated practices.
Anyone who thinks that we live in a Free Market of price discovery are sadly mistaken.
With #Gold currently trading at $1,246.30oz and #Silver at a mere $14.53oz, the Gold:Silver Ratio now stands at an eye-watering 85.77..!!
FACT
In 1792, the Gold:Silver price Ratio was fixed by law in the U.S. at 15:1, which meant that one troy ounce of gold was worth 15 troy ounces of silver.
Despite the utter garbage and vomiting diarrhoea that the so called "Financial Economists" and "Financial Experts" continue to spurt out via the Mainstream Media about the state of the Global Financial System, one thing that is never mentioned, is that this law HAS NEVER changed.!!
Thanks again for reading.
Stephen
Hi there,
I've just upvoted this post
A small contribution from me, to help the steem community to thrive ;)
Also interesting to think about how much gold has already been mined & how much is hypothesized to still be mineable vs silver.
Great reminder Stephen, the ratio in the paper markets is nuts! Of course these markets get settled in paper , rarely in physical metal, but when that changes and participants demand delivery.....watch out! The fraud will be exposed. (re-steemed)