If you look at the silver price in the Great Depression, it went down - because there was a lot of it everywhere. Today, that's not the case. Silver is more rare than gold, above ground.

Gold is winning - for now. Silver will catch up. Remember, neither one of these is trading on fundamentals - they are heavily manipulated, silver more than gold because the short concentration is higher.

Take away the illegal short in silver, and the ratio is very different.

Basically, what you seem to be saying is ignore the supply and focus on the fact that people have historically favored gold in such an environment.