Headlines- After talks in Washington on Tuesday that US Secretary of State Marco Rubio described as a "historic opportunity" for peace, Israel and Lebanon agreed to hold direct talks.
- Iran talks could resume "over the next two days," according to US President Donald Trump, after the failure of last weekend's first round in Pakistan.
- Six merchant ships turned around after "direction from US forces," according to the US, and no ships were able to pass through the blockade in the first 24 hours.
- According to the Lebanese Ministry of Public Health, there were at least 35 deaths and 159 injuries in Lebanon on Tuesday.
- The southern Lebanon district of Bint Jbeil has been hit by an Israeli airstrike.
- "The short-term authorization permitting the sale of Iranian oil already stranded at sea is set to expire in a few days and will not be renewed," according to the US Treasury Department.
Tag: Gold to 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