Since February 2021, silver has tested us investors severely. The silver prices have slowly but surely been losing steam due to the stock markets moving up against all odds. The US Federal Reserve have been punished severely for this madness by very high inflation and will soon start to see the error of their ways. Their unlimited printing of new money ( They call it quantitive easing to confuse us simple folks ) is now causing their interest bill on their debt to balloon beyond what they can afford. The US annual interest payment is now more than $1 trillion. Good luck paying that off! But, I digress. Let us get back to silver. Back in April 2023, I published an article on where the silver price is headed. The resistance level that silver had to overcome was $25. Well folks, guess what? Silver have just broken that resistance level closing at $25.47 on Friday. The below chart shows the silver graph break. We are now on our way to $32.26. I hope you have silver already! The next level is $28.
The gold to silver ratio is one of the most trusted indicators the big investors use to determine which will perform better, silver or gold. The gold/silver ratio on Friday was 81.44. This means you can buy 81.44 ounces of silver for the price of a 1 ounce gold coin. This ratio should come down to about 64. The question of course is which one will appreciate more in value? As always I look at history to provide us with guidence as history seems to repeat itself time after time.
The Gold/Silver Graph
The graph above plots the gold price in light red and the silver price in dark red. One can clearly see the silver price over shooting the gold price in 1980 and around 2012. This is about to happen again as is confirmed by the 81.44 ratio on Friday.
The facts are there for everyone to see. You decide!
Getting gold and silver bars now has the huge advantage that you pay now and receive your bars at the end of January 2024 as the refineries are closing down for the holidays, but you fix the price! By end of January the price could be a lot higher than it is now.
Call me at 061 544 1256 or place your orders via email now. You can save some money if you buy direct from me and not via the website.
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