The Year of Gold?
Maybe even more: "The Year of Silver"?
...and Corn and Coffee?
Sorry, swapped threads to continue the conversation.
I think the silver/gold price ratio (in the days of soverigns, and florins, crown and half crowns, fathings, etc) use to be 1/12 or 1/20 (not sure which).
If gold is mainly stored, and silver is mainly used, then this ratio should head towards parity rather than away from it. At $5 and $350 the ratio would be 1/70, so if gold is undervalued, silver is a give-away.
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There was a silver mine which became unprofitable at $7 per ounce, and the company is sitting as a shell. The shares are effectively an Open-ended call option on the price of silver - once the price of silver goes over $7, staff can be hired and mining restarted. If somebody can remind me who they are, I may consider their shares as a long term bet once I get some cash (if ever) from elsewhere (- make those 2003 Accords, Honda!).
It would be just my luck if the shares had already risen when so much else is falling. Was it Silverado, or do I have that name in mind from Kitco banner brainwashing?
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