Gold to Silver Ratio at 47.59

On 23 November 2006 the Gold to silver ratio (Gold/Silver or Au/Ag) was 47.59 with gold spot price at $628.60 per ounce and silver spot price at $13.01 per ounce.

I stand behind my prediction that the gold/silver ratio will one day approach 1.00 and then move to 0.17!

Signed and affirmed by Gerard LeBlond on 23 November 2006.