... and Gold Reaches an all time high in Canadian Dollars $
Did not take long since my last post on June 24th about gold reaching all time highs (in Canadian dollars) for that to actually occur.
I'd guess that silver will be playing catch-up in the near future, and with the gold-to-silver ratio coming from 93 down to 87 and bouncing slightly, there's a lot more room for the ratio to pierce the 80 mark, in the next few months.
Longer term, I'd expect it to continue to go down lower to longer-term average ratios (around 50 or less). Meaning 50 oz or so of silver would buy you one ounce of gold.
1 oz of gold = $1908.99 CAD, an all-time high.
1 oz of gold = $2124.18AUD, an all-time high as well.