Headlines- After an Iranian attack on a container ship in the Strait of Hormuz earlier in the weekend that set it on fire and left a crew member missing, the United States launched several waves of strikes on Iran on Sunday.
- Antonio Guterres, the secretary-general of the United Nations, voiced his "deep concern" over the escalating attacks in Iran and warned "catastrophic consequences" on a global scale if parties resume "full-scale hostilities."
- Iran has denounced the latest wave of American attacks on its territory, claiming that they have "rendered futile" all of the past few months' diplomatic efforts..
- In order "to continue degrading their ability to attack civilian mariners and commercial ships" in the Strait of Hormuz, the U.S. Central Command (CENTCOM) said on Sunday that its forces had carried out more strikes against Iran.
- A bar fire in Bangkok, the capital of Thailand, claimed at least 27 lives and injured over 60 more.
Tag: Gold/Silver Ratio
September 16, 2019
The Gold/Silver Ratio Explained
The gold/silver ratio is an indicator that tells you the multiple of gold’s price over that of silver. For example: in May 1920, the price of gold per ounce was $253.15 and the price of silver was at $12.64. The gold and silver ratio was at 20:1 or 20-to-1. This means that 20 ounces of silver was equal to one ounce of gold