The Gold Silver Ratio Is Approaching Four Year Highs
Update June 2016: The Gold Silver Ratio has dropped from its all time highs.
The gold silver ratio measures how many ounces of silver it takes to buy one ounce of gold.
In Twelve Ways Silver is Different Than Gold we noted silver’s lower price relative to gold has been based historically on what was commonly believed to be the scarcity of gold relative to silver in the earth’s crust of about is 16:1. The gold silver ratio was set at 15:1 in 1792 in the United States when gold and silver coins were in general circulation.
Over the last ten years, however, the gold/silver ratio has ranged from about 30:1 to 80.1.
Recently, Eric Sprott, of Sprott Global Resource Investments noted that the amount of available gold to silver for investment was just 3 to 1.
The current gold silver ratio based on $1245 an ounce of gold to $17.40 an ounce of silver is about 70 to 1.
We report monthly on the amount of silver sold relative to the amount of gold sold at the U.S. Mint. Over past year, silver has out sold gold each month from 75 ounces to 1 to nearly 300 to 1, reflecting what investors see as the relative bargain of silver to gold.
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The Gold Silver Ratio at 72:1 Illustrated
The Gold Silver Ratio Illustrated at 72:1 with seven one ounce American Silver Eagle coins, two 1/10 silver eagle rounds and one 1/10 ounce American Gold Eagle coin.
Gold Silver Ratio Charts
Gold Silver Ratio One Month Chart
The Austrian Silver Philharmonic coin was first produced in 2008 by the Austrian Mint.
The Austrian Silver Philharmonic is Europe’s largest selling silver bullion coin with sales over 50 million from 2008-2013. The Austrian Silver Philharmonic is often over looked by silver investors and tends to sell at lower premiums and in lower quantities than the Silver Canadian Maple Leaf or the American Silver Eagle.
Compare Austrian Silver Philharmonic coins for sale at these websites:
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