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Gary Hauck's avatar

Dan, Wyoming became a state in 1890.

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MoodyP's avatar

In 1980 the silver/gold extraction ratio and the monetary value ratio were very close @17-1. Gold was at $800, silver at $50. The math is close enough.

Today the extraction ratio is 7-1. If the monetary value ratio had moved in tandem over the past $50 years, silver would be $350 per ounce.

Price suppression of silver is more important than price suppression of gold, due to the massive demand by the MIC. They want to keep their raw material costs as low as possible and the collusion between govt, (and not just the US govt) bullion banks, Comex, big hedge funds, and maybe even some of the global miners does that very well. It’s a work of art really.

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