Silver on a Run
Hi Friends,
Perhaps you have seen the recent runs in gold and silver, but, in case you haven’t, I wanted to do a quick recap for you.
Silver has been running and is up to $18.30 per troy ounce, while gold has also been strong, currently at $1,550 per ounce. Investors pay close attention to the gold silver ratio, which has a 30 year average of 67 ounces of silver to one ounce of gold. With the recent run in gold, and silver lagging, the ratio got as high as the mid 90s. While there is no guarantee that the ratio will be relevant in the future, it is a indicator that the “poor man’s gold” (personally, I like “aggressive metal investor” better) was ready for a run, and it certainly has done that, climbing 12%+ in August already, hitting a two year high, and brining the gold to silver ratio down to 85.
While there are no guarantees, gold and silver look to be headed higher due to geopolitical issues, demand increases, increased mining costs and global currency crisis which are looming in this era of low (sometimes negative) interest rates and rising sovereign debt loads.
Hope you all are loaded up!
I am glad you came by today,
Brian
I'm wishing that the prices would stay lower a little longer so I can get more at the cheap prices. I'm planning on continuing to buy though.
To listen to the audio version of this article click on the play image.
Brought to you by @tts. If you find it useful please consider upvoting this reply.
Adding to my stack every month regardless of spot price works for me.
Posted using Partiko iOS
beautiful gold plate: Or, it is also important to appreciate this type of material and how it rises exponentially.
@calitoo
Metals are my best performer YTD. I went from no metals to significantly overweight gold and silver, as well as a silver mining ETF, a couple months ago and they've been on fire! Plenty more economic uncertainty on the horizon, so I'm staying long like you are.
Posted using Partiko Android
Investing in gold and silver is the best decision, there is no stronger investment in this world.
Gold. There is Kitco News and is about precious metals. Very neat source of info.
Saving up my steem to buy more
Stacking is a long term strategy so I keep going no matter the price. Thanks for sharing!!
Posted using Partiko Android
Gold and Silver is the best investment source have no risk.
Posted using Partiko Android
I agree
nice work
About 2 months ago I got gold, and crypto backed by gold. Today I opened up my Steemit account and I am very excited about. Just few minutes I posted my 1st one and it is about the gold and the cryptocoin I got 2 months ago. Also about few minutes ago I deleted few centralized accounts I had. On each I had 2000+ supporters. It was painful to close them, but I understand the decentralized and here I come. I have been helping people for some time, and I hope I can do the same here in Steemit.
Hi @brian.rrr!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.236 which ranks you at #3056 across all Steem accounts.
Your rank has not changed in the last three days.
In our last Algorithmic Curation Round, consisting of 109 contributions, your post is ranked at #27.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server