So as I understand it Silver and gold are at extreme lows for the paper market. This to me is a manipulated fools game and always has been. While physical gold and sliver spike on supply and demand. If I can even find any to buy an oz of silver is 28 bucks and up. I believe the silver market has been manipulated for years and paper gold and silver is like buying and selling the Vix its buying and selling fear. It does not really exist or is not something tangible. I have been stacking silver mostly and some gold for many years. Since the 80s. Last count I had 2300 oz of silver. I sold some off at 36 an oz then bought back at 15 when the price came down. The paper market is depressing the spot value but anyone buying or selling does not even look at this.
So what I missed is that the silver gold ratio is at record levels? Silver needs to rise to meet 75 to 1 or gold needs to drop to meet that ratio?
It's about 85 to 1 right now. The physical price that I could get it for here. About $18 an oz for silver. The ratio hasnt changed much, maybe went down some. Alot of it is still $20 or more.
when spot was 14, we could get silver near 15 but when spot is at 13, we are getting them at 18 for smaller silver.