Thursday, December 2, 2010

The World Does Not Need to End for $10,000/oz Gold

From the Wall Street Journal

According to Shayne McGuire, manager of the $100 billion Teacher Retirement System of Texas, "gold will hit $10,000/oz before the rally is over"
http://tinyurl.com/39a9s5j

If gold does reach such lofty heights, then can silver be far behind?

In 1980 the Silver/Gold Ratio was 16:1, meaning it took 16 ounces of silver to equal 1 ounce of gold. If gold does make it to $10,000/oz and the ratio returns to 16:1, then silver will be $625/oz. That makes purchasing silver at today's price of around $30/oz. a great deal doesn't it. And the world doesn't have to come to an end to get there.

Got Silver? https://silversaver.com/share/J3MAA/

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