Gold/Silver Ratio. Silver Bull Market Beginning?
I'm not a gold or silver bug but it's no secret that I never sell metals at discounts.
This is the gold/silver ratio AUGUSD. Historically, silver has always been about 16:1. It's even mentioned in the US Constitution.
We know Comex (Crimex) loves to trade paper. We also know they were forced to take the BS silver short position during the 2008 debacle.
We know JPM has over 1 billion troy oz on hand. Have they finally unwound the entire position?
Could this be the end of the price suppression?
Goldman has said that the Fed needs to print $5-6 Trillion to keep the bond market in play and any hint of taper would bring down the house of cards.
Bank of America has predicted gold to reach $5-6K by the end of summer 2020.
When you look around on dealer websites you can find gold and silver but only at significant markups.
Silver has a $10 premium. Gold has a $200 premium.
If gold hits $5k and the ratio is even matched at 30:1 you are looking at a profit of roughly $150/oz given the spot price of $17.50 which is where it is right now. A 15:1 match, which is what it should be constitutionally, is $300/oz profit. And that's only if gold stops at $5k/oz. From my research on M3 money supply gold would need to be priced near $60k/oz just to cover and account for US Federal Reserve Notes. That's not including world currencies. Yes it should be nearly 50x higher than where it currently is in a dollar collapse. Are we in that yet?
On August 19th, 2019 the Federal Reserve had to take over the overnight REPO markets as it appeared no one trusted the USD any longer.
I hope you were smart enough to buy again when I did at $1170 and $14. And I hope you also have a lot of both.
Precious metals are great insurance against hyper inflation and currently the world is trying to print their way out of a greater depression.
And if you've never heard of Basel III you might want to look into it. (Hint: Gold was switched to ZERO RISK CARRY)
This is the gold/silver ratio AUGUSD. Historically, silver has always been about 16:1. It's even mentioned in the US Constitution.
We know Comex (Crimex) loves to trade paper. We also know they were forced to take the BS silver short position during the 2008 debacle.
We know JPM has over 1 billion troy oz on hand. Have they finally unwound the entire position?
Could this be the end of the price suppression?
Goldman has said that the Fed needs to print $5-6 Trillion to keep the bond market in play and any hint of taper would bring down the house of cards.
Bank of America has predicted gold to reach $5-6K by the end of summer 2020.
When you look around on dealer websites you can find gold and silver but only at significant markups.
Silver has a $10 premium. Gold has a $200 premium.
If gold hits $5k and the ratio is even matched at 30:1 you are looking at a profit of roughly $150/oz given the spot price of $17.50 which is where it is right now. A 15:1 match, which is what it should be constitutionally, is $300/oz profit. And that's only if gold stops at $5k/oz. From my research on M3 money supply gold would need to be priced near $60k/oz just to cover and account for US Federal Reserve Notes. That's not including world currencies. Yes it should be nearly 50x higher than where it currently is in a dollar collapse. Are we in that yet?
On August 19th, 2019 the Federal Reserve had to take over the overnight REPO markets as it appeared no one trusted the USD any longer.
I hope you were smart enough to buy again when I did at $1170 and $14. And I hope you also have a lot of both.
Precious metals are great insurance against hyper inflation and currently the world is trying to print their way out of a greater depression.
And if you've never heard of Basel III you might want to look into it. (Hint: Gold was switched to ZERO RISK CARRY)