Silver Fundamentals: The Numbers Don't Lie - Jeff Nielson

``Silver is currently mined at an 11:1 ratio to gold (including all by-product production). It exists in the Earth's crust at a 17:1 ratio. How can it be purchased and consumed at a 50:1 ratio? It can't -- not without leading to an inevitable inventory default once the last ounce of the world's stockpiles is consumed... Instead, it has soared to a totally absurd level of today more than 80:1. Again, there is no legitimate explanation for the current (ultra-suppressed) price for silver. Conservatively, silver should be priced at a minimum of a 6:1 ratio to gold, reflecting the maximum ratio of silver-to-gold stockpiles -- i.e. priced over $200/oz.''