Headlines- On Monday, U.S. Central Command (CENTCOM) said that airstrikes on Iran have started for the third night in a row.
- On Monday, the UAE Ministry of Defense announced that two Iranian tankers had attacked two national tankers. One Indian crew member was killed and eight others were injured, including four critically, by cruise missiles in the southern lane of the Strait of Hormuz in Omani territorial waters.
- Despite unleashing fresh attacks on Iran and reimposing a blockade of Iranian ports, US President Donald Trump said on Monday that an deal with Tehran to end the Middle East war was still possible.
- IRGC spokesman Hossein Mohebbi said in a statement on Monday that Iran will "continue to exercise our sovereignty and management over the Strait of Hormuz."
- A constitutional amendment was passed by the Hungarian parliament to oust Orban ally President Tamas Sulyok.
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