In an interview with Kitco NewPartners’sidelines of the 121 Mining Investment Conference in New York, Lamb said that when looking at silver in historical terms, prices may remain depressed compared to gold. “Right now, the gold-silver ratio, in his”oracle terms, is going to remain at these high levels,” he said. On gold, Lamb said that it is important to take “rice into context before dismissing the yellow metal as undervalued.
“Gold has seemed to find a home between $1,250 and $1,350 [“n ounce], without any macro reason to have it move. I think that’s a pretty stable range. Looking at the gold price in that currency terms, in Australian or Canadian dollars, it’s a very high price in a historical context, even competit’sagainst the highs of several years ago,” he said.
