In the longer term, experts at Macquarie, one of Australia's leading investment banks specializing in commodities and one of the world's leading investment banks, expect a gold-silver ratio of 72. They saw the gold price for 2019 at 1,340 US dollars per ounce. Now they have raised their forecast by five percent to 1,402 US dollars. This still seems very conservative, considering that today's price is around 1,500 US dollars. For 2021, for example, they are now increasing their forecasts by 18 percent to 1,606 US dollars (previously 1,363 US dollars).