According, to some experts, quite a few actually…..it is foreseeable the you could see the value of gold and silver set back to parity. That is to say a 1:2 rate, or 1:3, or 1:1.
The honest question to as is What does this mean? and What do we know now?
For most of human history, silver has been used as the form payment for good and services and as a medium of currency exchange.
This lead in currency use would eventually be supplanted by gold or gold backed fiat currency, but that happens much later in human history.
So in the beginning of human history silver used to have a trading parity of 2:1 with gold. This lasted from the beginning of human history until 3,000 B.C. Then the rate went to 3 Silver:1 Gold and that lasted until 300 B.C.
As of this writing, today, October 17, 20120, the price ratio of gold to silver is 1 oz:78 oz of silver.
The gold to silver ratio as evidenced by the actual number – a number that fluctuates every given day – has been out of whack for some time. This means the silver has been undervalued in relation to gold for a lot of human history. This would be the reason why you might know some silver investors who have been waiting and saying that the value of silver will go up. These investors understand the true value of silver, and that as a commodity the price of silver itself has been kept restrained by large institutional investors and the manufacturing industry that needs cheap silver to use in product manufacturing.
Since 1915 on average or has a whole, the ration of silver to gold has 95ozSilver:1ozGold. Thought there were a couple of brief period that, that increased to higher levels until it came back down.
Then in 2020 the silver to gold ratios hit all times high of 130:1. This lasted for well over two months. Then returned to a more more normal 95:1. After which in and around June of 2020 the ratio of silver to gold went to 80ozSilver:1ozGold.