Chris Olson
👤 SpeakerAppearances Over Time
Podcast Appearances
which is very high, 90 ounces of silver to one ounce of gold.
Well, there's a lot of reasons why people say that that is, you know, and suppression is one of the main ideas.
Oh, no.
No, the supply continues to go down.
And if you look at what the miners pull out of the ground, you know, people are mining gold and silver is often found with gold.
Really?
Yeah, typically.
And...
What's coming out of the ground, the ratio is about seven ounces of silver to every one ounce of gold, roughly.
It depends on the mine, but seven to ten is the ratio.
Well, part of it has to do with...
The fact that silver is not a medium of exchange right now, it's not used in the marketplace.
And also central banks typically don't carry silver on their balance sheet.
So we look at the price of gold right now.
The vast majority of that price run up is the direct result of central bank purchases.
who are preparing for some type of potential revaluation event, it would seem.
Silver, on the other hand, doesn't.
Wait, hold on.
What does that mean?
Well, what's the real value of gold?