Despite the fact that silver has now broken the $64 barrier -- and the silver well in London is running close to empty...with very elevated lease rates...the gold/silver ratio remains at a farcical 69.5 to 1 as of the Friday's close. The 'normal' and historical ratio is around 15 to 1...which would put silver at about $286. And if priced at the ratio of 7:1 that it comes out of the ground at, compared to gold...that would put silver at around $614 an ounce. So a triple-digit silver price is in…
