Why yes, yes it is, lol. But hang on my snorkel diving brother, I don't think we've seen anything yet.
A little birdie, who is directly connected to a much, much larger and much more powerful birdie told me just a few months ago, when silver was in the low $30's/oz, that silver would hit $50/oz soon, then would skyrocket towards 3-figures, and gold would hit $4,000/oz and continue rising into 5 figures. And here we are.
A week or two ago, he said silver will be hitting 3-figures in the very near future, as it's nowhere near its true value.
Based on his Intel over the last several years, I started buying silver & gold when silver was $19/oz and gold was around $2K/oz. His Intel & track record over the last few years has been 100% spot on, so I trust what he says.
It might be hard to fathom how the price of silver could/should be much higher, but here’s some historical data that shows that silver’s value could indeed be MUCH higher, and a 3-figure valuation is certainly possible. To show the possibilities, Silver’s current price, adjusted for various historical ratios will be in
(bold).
Based on current prices, the gold/silver ratio right now is 82:1
($4,061.20/$49.26). But that ratio has fluctuated and has been much lower throughout history. For hundreds of years, the gold/silver ratio did not fluctuate much, as it was fixed by governments to keep their official currencies stable.
The Roman Empire officially set the ratio at 12:1
(silver - $338.43).
In medieval Europe, it fell to 9.4:1
(silver - $432.04) in 1350 but climbed back to 12:1
($338.43) in the 1450s. The U.S. government fixed the ratio at 15:1
(silver - $270.75) with the
Coinage Act of 1792.
During the entire 20th century, the average gold-silver ratio was 47:1
(silver - $86.41). In the 21st century, the ratio ranged mainly between 50:1
(silver - $81.22) and 70:1
(silver - $58.02). It peaked in 2020 when it rose to 104.98:1
(silver - $38.69) in 2020 but had a low in 2011 of 35:1
(silver - $116.03).
When our currency changes from Fiat and returns to being backed by Gold/Silver, it’s feasible/possible that we’ll also revert back to the gold/silver ratio that our forefathers set in 1792, which was 15:1. At today’s current gold/silver prices that would make silvers value
($270.75).
