Relevant:
- One once ounce of gold : one year's wage, One ounce of silver : one month's wage
- James Turk - Big Money Continues Buying Dips
- Silver’s Historical Correlation with Gold Suggests A Parabolic Top As High As $714 per Ounce!
- Real Price Of Gold Soars
- All 100 Ounce Silver Bars Likely To be Gone in a Matter of Days
2013-05-11 — kingworldnews.com
... the government looks like it's probably at the stage where it needs to borrow just to start paying interest. When that happens you are in the early stages of hyperinflation. Maybe that's what the stock market is telling us because when you do have hyperinflation, you see the stock market going up and up, not because of valuations, but because people are exiting the currency.
So, to answer your question, Eric, longer-term my targets are still very much in place. My GoldMoney Index shows that the fair value of gold is now $12,000 per ounce. If we get anywhere close to that and the gold/silver ratio falls down to 20, which is closer to historical norms, we are talking about a silver price of $600 per ounce.
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