Headlines- Iran claimed that since the war with the US and Israel started on February 28, over 3,400 people had died.
- On Saturday night, the Islamic Revolutionary Guard Corps (IRGC) of Iran threatened to strike any ship that approached the Strait of Hormuz.
- India's Ministry of External Affairs called the Iranian ambassador to India to discuss the "serious incident" involving two Indian-flagged ships that were fired upon on Saturday in the Strait of Hormuz.
- Iran said that it is examining fresh U.S. proposals that were communicated through Pakistan's mediators, but it has not yet responded.
- Hezbollah leader Naim Qassem vowed on Saturday that his fighters would retaliate against Israeli attacks on Lebanon and stated that the current 10-day ceasefire with Israel cannot be one-sided.
Tag: Silver
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