Ted Butler: The real gold/silver ratio, Part 2

9:04p ET Tuesday, October 24, 2006

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler is the master of metal valuations, and in his latest essay, "The Real Gold/Silver Ratio, Part 2," he concludes that silver has never been scarcer and less owned in the last century than it is today. He argues that if the amount of silver owned per capita had grown to the same extent that gold ownership per capita has grown since 1900, silver's price today would be $175 per ounce.

You can find Butler's new essay at GoldSeek's companion site, SilverSeek, here:

http://news.silverseek.com/TedButler/1161705933.php

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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