Hey you slackers, get to work!!! Out of the bathroom!!! LMAO
Some estimates are lower, even 10:1. Current mine production is about 8 or 9 to 1 (9 ounces of silver for 1 ounce of gold). Furthermore, most silver is a byproduct of copper, zinc and lead mining. So when copper etc. production ratchets down, so does silver.
Eventually ratio will fall back closer to historic norm of 10:1. Maybe 30:1? That would put silver back to old highs even at current POG, but if POG rises, well above old high of $50.
And Larry Fink of Blackrock agrees with Gross completely. NORMALIZE!!!!!!!!!!!!!
More wood on the barbie.
All bond holders get the Barron's article and read it. Can google it right now..type in Bill Gross & Barron's as key words.
The only question is when--one year? More? That might put the 20 year at maybe 4-4.5%? If the 20 year on which TLT is based hits even 4%, that might produce some "significant" losses for TLT holders. How significant is too scary to mention a number, except to say it is below $100, perhaps well below. Where it traded just a few years ago.
ZIRP & NIRP won't work. Time to normalize & let savers make at least a pittance.