Brother, that will be a tough thing to find …
Posted on 06/05/2019 6:27:22 AM PDT by cba123
https://www.kitco.com/charts/livesilver.html
Ok silver has been (very) dull for a very long time.
Might be so again, who knows?
But today, someone, somewhere, seems to be placing a buy order. Maybe.
(Excerpt) Read more at kitco.com ...
Brother, that will be a tough thing to find …
$14.93 spot at the moment.
“But today, someone, somewhere, seems to be placing a buy order.”
Oops, that was me. Sorry.
It used to be you could get one $20 gold coin in exchange for 20 $1 silver coins. Each coin weighed about the same and had about the same percentage of precious metal. So the rough ratio between gold and silver was 20 to 1. Now it is closer to 100 to 1. Why has the ratio changed so much? Gold is valued as a quasi-currency more than silver by those looking to get out of paper-based “assets”, but is that reason enough to account for a 500% departure from the traditional ratio?
Use to think I understood precious metals, but don’t anymore. Silver should be more volatile than gold, so when gold doing well, silver should do even better, but works the other way as well.
IMVHO, Trump should be bad for precious metals. Corporate tax cuts should continue to keep the stock market booming, thus no need for alternative investments. While inflation has always been worse than what the lying statistics tell us, that shouldn’t change to any degree under Trump.
The guys at zerohedge look on the movement of silver as ‘confirmation’ of the rise in gold.
is it china?....is it clitoons epstien?.....wht would happen if the U.S gov......took control of the dollar away from the fed?........hmmmm.....
silver is sposed to be 13-15 to one w gold....its just magik that keeps it down ....all these yrs......gold has its own magik.....levered out at least 50 times/...
I would love to see the Deep State agents perp-walked from the building and the Fed Reserve system shut down. Bring back the gold standard or at least a petroleum or mineral backed currency. I doubt there’s enough gold in the United States to back our currency but the federal government does own large quantities of property including petroleum and mineral rights. Perhaps the gold standard concept could be expanded to allow for other elements to back our currency.
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