22
October
Silver, ‘Bullion’s Bridesmaid,’ May Outpace Gold: Chart of Day
22 October 2009 Bloomberg.com
Silver may outpace gold through mid- 2010 as a recovering global economy increases industrial demand, said Citigroup Inc.
The CHART OF THE DAY shows the ratio of gold to silver. An ounce of gold bought 59.4 ounces of silver on Oct. 14 when gold for immediate delivery jumped to a record $1,070.80 as investors sought an alternative to the weakening dollar and a hedge against inflation. That compares with 48.5 ounces when gold first exceeded $1,000 on March 13 last year and 43.6 on April 19, 2006, the lowest level in the past 10 years.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8lUSwDoyfPs
