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Gold-Silver Ratio: Silver value highest in five years

February 15, 2011 Comments off

NEW YORK (Commodity Online): As precious metals continue to lead the commodities boom globally, the most frequently asked question these days is where does the gold-silver ratio stand.

Over the years, gold has been the high value beneficiary commodity in comparison to silver. But last week, the gold to silver ratio fell to just above 45:1. According to Wayne Atwell, Managing Director of Casimir Capital, the silver value in comparison to gold is the highest in the last five years.

“This is because people—investors—are regarding silver as a safe haven investment just like gold,” he says.

Atwell said: “Suddenly with the anxiety level that’s surfaced about sovereign debt and municipal deficits, people are turning to alternative ways to hedge themselves and I think people felt silver was cheap based on where it has been historically, so they jumped on the bandwagon.”

Gold-Silver ratio is the most important barometer for commodities traders and futures market dealers. Even though Read more…