Whenever I look at the #goldtosilverratio on the weekends, I get shocked when i see silver slipping against gold.
Right now gold is sitting at $2,722.78 while silver is $31.25 giving us a ratio of just over 1:87
Now, if buying gold and buying silver had the same % of premium I would be going for silver right now!
I would say the best thing that can happen for the silver and gold prices would be a US Dollar devaluation.
The likelihood of this happening increases as the US debt to GDP ratio gets worse.
If you are a paper metals trader I would switch from gold to silver.
Technically until the ratios hit 1:10 silver should be the better buy.
The low premiums and recently performance has been favouring gold though.
So, maybe this is a sign that silver is set to pop up any day now.
One thing I have been getting good at is filtering out the YouTube videos that are known for clickbaiting..
Everyday saying the same thing “Silver to $2,000” is way too much, I guess writers block pushes people to do anything lol
Which is why I prefer reading about metals by clicking #silvergoldstackers
Real people, who share their coins/bars, stories and perspective on the whole metals martlet.
Imagine hive getting so big that you can take a picture of a silver coin, share it with the community, and the hive price is so high that your average daily reward can buy you another silver coin… this is an infinite silver hack hahaha
