Afternoon everyone ….
In case you live under a rock and haven’t been paying attention to the skyrocketing prices of both silver and gold. I’m here to let you know that silver is on a huge tear right now.
Yes gold has hit an all time high, and closed the week at $2,415. But silver in percentages crushed gold this week. The silver to gold ratio is currently at 76.47 to 1. That is a massive drop from the mid 80’s that it closed at last week.
Now I’m no expert and it could get smacked back down again on Monday. But if this trend keeps up and the ratio gets any closer to 70-1, I’ll be swapping out some silver for gold.
I am way to silver dominant in my stack and storage is becoming an issue. I’ve been sorting through boxes of stuff from my private security place to make room. But it’s getting ridiculous now.
Seven ten ounce silver bars take up a lot more room than one gold Buffalo does.
I’ve played the ratio twice before. Once was a fairly large play the other I was still a beginner and only got a little return.
This could be the crack in the armor of all fiat currencies coming.
