Hey guys, there are also some articles about the Dow/Silver ratio on the internet. Is this ratio meaningful? As yet, I was only watching the Gold/Dow ratio. www.silver-info.com/dow-silver-ratio.htm "At the beginning of the 1980's, which was the end of a gigantic silver boom, the ratio was what a surprise at 16.4 ,which means that 16.4 silver ounces resulted in a Dow Jones of 860 points. These ratios of 16.4 in 1980 and 3.000 in the year 2000, marked absolute turning points and these years were a period of time when silver behaved contrary to the Dow Jones." According to this text we can reach a ratio of 16.4 in the current bull market. A sample calculation: Assuming that Silver will reach 400 USD per ounce, the Dow would be at 6560 points. Is such a scenario possible?
Silver is really strong. I'm just lovin it. I got a question. Are there already many guys in Australia who are investing in precious metals? If you have a look to Europe, there are acutally only people in Germany, Poland and Netherlands who are buying physical metals. Even in these countries only a minority is really investing. Thank you in advance for answers!
I don't think there are any exceptions. The Chinese government advised the Chinese to invest in precious metals. When I was there a year ago travelling much of the country, beyond a couple of billboards, I saw no significant evidence. Coin and bullion shops are rarities. You will find coins in quiet antique markets and some bullion amidst the sea of jewellery on sale. People are not swarming (hyped up) into shops for gold bars like you see on a youtube news clip etc. You don't find bullion shops on the average main shopping area (or at all!), unless you are located somewhere like Shanghai. Sure, there may be a more demand around Asia but how much of that is going into technology and jewellery. Now the (much loved in Asia) US dollar is slowly seeking it's true value, bullion demand may rise due to that. Lob.
Thank you very much for the information!! It's a worldwide bull market this time and we're still at the beginning of the mania phase. Furthermore it's first of its type (global). The Dow/Silver ratio should be reached again.
@Aengrod ...Hi, I was in Ireland last year and I've wondered if there are already many bullion dealers because I didn't notice any shops? Are there any Irish precious metals shops on the internet? If you have a look to Germany there are both many precious metals shops on the internet and you can find several shops especially in big cities such as munich.
