Silver looks ready to rip

The gold to silver ratio (GSR) suggested an acceleration in the global fiat currency debasement and the potential for silver to rip ahead months ago.

BNP Paribas obviously thinks the price of silver is about to go on a tear.

It has agreed to pay $US20.58 an ounce for 680,000 ounces of the white metal to be delivered from December through to June 2012. That compares with a closing price on Friday in New York of $US20.79/oz (although intraday it poked its head above $US21/oz).

Source: theaustralian.com.au