According to @KobeissiLetter, the gold-to-silver ratio is above 80 on an annual basis, near the highest level since the 1980s, indicating stretched relative valuation conditions (source: @KobeissiLetter). The post states the ratio is roughly 2.58 standard deviations above its long-term historical mean, citing Crescat Capital, which underscores the magnitude of the divergence (source: @KobeissiLetter, citing Crescat Capital). It notes the ratio has remained above this threshold for about five years since 2020, compared with about three years in the 1930s and two years in the 1980s, highlighting unusual persistence (source: @KobeissiLetter). Based on this context, the post characterizes silver as historically cheap relative to gold and suggests potential catch-up in performance from silver if mean reversion occurs (source: @KobeissiLetter).