James West, the editor of The Midas Letter and portfolio advisor of the Midas Letter Opportunity Fund, isn’t interested in timing the precious metals market—that’s a good way to end up butchering perfectly good investments. He believes Silver price is going to be one-sixteenth of the Goldprice so it’s already undervalued by at least two-thirds. Gold and silver are both going to continue to appreciate. Also he agree with Sprott when he says that silver is going to outperform gold in 2012.
Bob Moriarty, founder of 321gold.com, argues that the Silver Gold ratio over 100 years has been 47:1—47 ounces of silver per ounce of gold. He believes that the ratio could spike to 100:1 during this financial crisis given that historically the ratio has always been higher in such situations.