The prices of gold and silver closed at $1,531 and $28.18 per troy ounce respectively on December 30, 2011. Those prices resulted in a ratio of gold price to silver price of 54:1. The 2010 year-end ratio was 45:1. In April of 2011 the ratio hit a multi-decade low of 31. In 2010 and early 2011 there was much written about the gold-to-silver price ratio. In the latter half of 2011…not so much. Silver crashed and did not recover. What does this unexpected turn of events mean for silver investing?
