As Reddit warriors continue to abandon GameStop, they’re focusing on buying our favorite shiny metal. As a result, Silver’s Signaling Significant Strength.
Allow us to take you back to an article we published on July 6, 2020.
At that time gold had just broken the $1,800 barrier and silver was trading at $18.50.
Since then, gold is trading at $1,875 (up 4.2%). But silver is at $28.50 (up 53.6%).
Here’s the article:
This one’s for all you goldbugs out there.
While gold is getting all the headlines, silver is quietly becoming the cheapest asset on the planet.
Now that Gold has crossed a new threshold – closing over $1,800 per ounce at the end of June and is up over 28% since June 2019 – the haters are starting to change their tune.
Ironically (or NOT) Silver remains overlooked.
And it’s coiling like a giant spring ready to be launched.
Historical evidence is showing that the current Gold/Silver ratio is quite unusual.
Let me explain.
The gold/silver ratio historically is between 15-20.
“…In Plain English, that means that the price of gold is roughly 15 to 20 times higher than silver.
Historically when gold rises the ratio declines.
However, today it’s doing the opposite and is creating one of the best opportunities in history to buy silver.
Let me further explain by doing the math.
Today’s gold/silver ratio is an eyepopping 96.6.
(Gold $1,789 divided by Silver $18.51 = 96.65).
Based on historical ratios* of, let’s say 20, the price of silver should be OVER 89.
(Special Note* Historical ratios always eventually return to their normal levels).
- As the loss of confidence in government increases (2020, The Year of Chaos) major bucks will shift to buying precious metals.
- The long term forecast for gold (depending on who you ask) is estimated to reach $3,500-$5,000 per ounce.
- At $3,500 (and a ratio of 20) the price of silver should be somewhere around $175 per ounce.
So, where’s the biggest bang for your buck?
The obvious is not always very obvious.
However, this is the kind of stuff we cover in our “…In Plain English” newsletter. And our July issue explains why you need to own some gold AND silver.
Get your copy NOW…we’re raising our prices at the end of the month.
And share this with your goldbug friends…they’ll thank YOU later.
We’re not bragging here…Well, maybe we are, kinda, sorta.
But we have tons of articles on our website that are free for you to review.
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