In 1999 the public was buying 12 times the amount of money in gold than silver. Today, we see that investors are spending almost the same amount of money in both precious metals.
via Guest Post: “The Coming Paradigm Shift in Silver” | TF Metals Report
…a quick comparison of Silver spot to the Dow, and to Gold spot on a 3 month chart.
There is another big difference between gold and silver. Gold is already in the second stage of its bull market. Every bull market has three stages. Stage one is apathy and neglect. Stage two is when you start seeing price appreciation. That is the longest stage, when more people become involved by purchasing the metal. The third stage is the speculative blowoff. Silver is still in stage one of its bull market even though gold is in stage two. Silver won’t get into stage two with a lot more people coming into the market until it goes over $50/oz., which was the high in January 1980, the record all-time high price in silver. Inflation adjusted, that would be almost $500/oz. today. That really illustrates the debasement of the U.S. dollar over the past three decades.
On production ratio to gold, silver could easily be over $100.
Are We Being Too Conservative With Our Price Target For Silver?
via Are We Being Too Conservative With Our Price Target For Silver? | zero hedge