And to add to that, silver has now below $13.90US... a major, major support level last hit in early 2016. Can easily see 114:1 as @Tokyo has pointed out numerous times to us. Great call!
Gold/silver ratio
- Thread starter openeyes
- Start date
And to add to that, silver has now below $13.90US... a major, major support level last hit in early 2016. Can easily see 114:1 as @Tokyo has pointed out numerous times to us. Great call!
We're getting close now $20.8
Jason1
Well-Known Member
I know man,
Will be hard to resist the swap. Wonder if I should push my luck and see if it goes even lower?
even with a measly 2 ounces of gold to silver swap, silver getting back up to $26 which would not be unrealistic in the near future, is a damn good increase. gold would have to move allot to beat that.
Jason1
Well-Known Member
just not being used cos of the china shut down Would be my guess. so would have to wait till china opens up again.
Yes could be liquidation of holdings of solar panel manufacturers or the like.
Its nearly impossible to get low premium bars and coins now. Monday came. Glad I got some kilo bars on the weekend. I wouldn't mind taking advantage of these lower prices though.
We're at the highest gold to silver ratio in 100 years (117:1)? Less above ground available silver than we've ever had in modern history, a mining ratio of 9:1, a global pandemic/crisis on our hands and silver is Selling out fast. This whole scenario feels surreal.
We're at the highest gold to silver ratio in 100 years (117:1)? Less above ground available silver than we've ever had in modern history, a mining ratio of 9:1, a global pandemic/crisis on our hands and silver is Selling out fast. This whole scenario feels surreal.
Exactly..... which makes silver but a mere commodity.
Jason1
Well-Known Member
yer it is a commodity, never said it wasnt.
