Another of my occasional informative emails.
The gold to silver ratio was at 83 yesterday. How many ounces of silver does it take to buy one ounce of gold. Historically, it is around 50 or 60. When it gets above 90, silver usually rallies up a few dollars. This occurred most recently in August 2022. When the ratio reached 90, silver increased over $2.00 per ounce in about three weeks. After another three weeks it increased a total of $4.00 an ounce from the August 2022 low. It seems to be on its way now to 90. Silver is higher in price this morning.
As is my mantra, it is better to be early rather than late!
The metals have been weaker lately due to higher interest rates, higher oil prices, and a higher dollar. Which has led to a weaker stock market. When oil prices increase significantly, it has led to recessions each time for at least the last 50 years.
A great buying opportunity for metals.
Reach out with questions or comments.
Managing Member Advisor Metals LLC
Text 626 788.5411