Could Silver Ever Be Worth as Much as Gold?

The amount of above ground silver has been diminishing at an extraordinary rate. According to well known economist Stephen Leeb in his most recent book, Game Over, we could be out of underground silver in 9 years. Silver is necessary for many electronic devices and essential to modern life whereas Gold is basically just a traditional store of value.

Platinum and other precious metal commodities may also be running low in the not too distant future as other fast growing economies like India and China expand and more and more people begin to live closer to the level of the west. This will accelerate the depletion process of natural resources to meet these higher standards of living.

Gold has been traditionally valued at 20:1 and our current Gold-Silver is at a ratio of 70:1. Silver has a long way up just to meet historic price ratios.