Silver Advances to Most Expensive Versus Gold Since 1983

Bloomberg reported that silver is the most expensive in relation to gold that it has been in 28 years.

The market news is quoted as saying:

An ounce of gold bought 37.15 ounces of silver at 2:32 p.m. in Singapore, compared with an average of 62 in the past 10 years. Silver for immediate delivery has more than doubled in the past year while gold gained 27 percent, cutting the ratio from a high of 70 in June.

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