Peter Cooper, The National:
"Silver staged a dramatic price breakout last week, advancing 7 per cent, while gold prices slipped 0.5 per cent. This clinched a key breakout in the gold-to-silver price ratio, which is down from March’s all-time high of 125 ounces of silver to buy an ounce of gold to around 100.
Such a blow out high in the gold-to-silver ratio was last reported in 1930 just before the Great Depression. Silver is used more as an industrial metal than gold, and a low silver price is a harbinger of a tougher economic outlook.
However, the long-term average..." -- Read this article: