http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx
The gold to silver ratio has blown out to over 70. In times of distress we have seen the ratio historically approach 15.
Given that it fell from over $20 an ounce last year, we like silver under $13 an ounce. If we did not own it already, we would be very happy to grab some at $10- $12 an ounce.
The Coinage Act of 1792 set gold equal to silver in a 15 to 1 ratio. This is why there is often a historical reference to the price.
http://en.wikipedia.org/wiki/Coinage_Act_of_1792
Gold has eclipsed its prior all-time high from 1980, though in inflation adjusted terms it has a ways to go.
Silver on the other hand is well below the $50 price set in the infamous Hunt Brothers squeeze of 1980. We firmly believe that due to massive amounts of monetary stimulus, in time, silver will reach all time highs, not only in nominal, but inflation adjusted terms!
A low risk speculation is to accumulate old Mercury dimes and Washington quarters with the silver content. The coins have historical signifcance and can still be had for a low price over melt.
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