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CNBC News reported that some analysts are predicting massive increases in the prices of gold and silver.
CNBC News reported that some analysts are predicting massive increases in the prices of gold and silver.
The market news is quoted as saying:
Gold and silver currently price at a ratio of around 45:1. However, Gmuer said declining silver output over the last 60 years — as a result of inventory depletion and mine closures — meant silver supplies currently outnumber gold by a ratio of less than 10:1, thus indicating a market correction is due.
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