The Macro Brief: Schiff "Silver On Sale: Silver-Gold Ratio Back Above 80-1"; Not So Fast
Where Macro Meet Markets
“The silver-gold ratio has climbed back above 80-1. This has historically signaled silver on sale.,” says Peter Schiff.
Is silver historically cheap, or is the gold/silver ratio signifying something else?
If we look at the price of silver going back to 2008 with the gold/silver ratio overlay, we can clearly see that a specific level in the ratio doesn’t n…