$1337 divided by 16 equals $83.56.Submitted by pawnstorm12 on Wed, 11/17/2010 - 17:34
That's the price that silver should be worth (per ounce) based on the traditional ratio of 16 to 1 in relation to the price of gold.
So by this measure either gold should come down to $416.00/oz or silver should rise to $83.56 per oz.
But even if we split the difference and say gold falls to $672.00 then silver would still be at $42.00/oz making its present price of about $25.50 still a great deal.
Unless of course the 61 to 1 ratio is not an accurate number anymore.
But I'll take my chances with being on the side of history - at least in the long term.