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Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Investment more

Buying silver is like buying gold at $554 today

Posted on 09 December 2011

I think that buying silver today is like buying gold for $554 an ounce. Let me explain: As I am writing, silver is currently trading at about 65.2% (32.6/50) of its 1980 high. If gold was trading at 65.2% of its 1980 high, it would be trading at $554 (0.652*850).
Now, I really like gold, even at today’s price of $1,738, but why should I pay $1,738, if I can get it for $554 by buying silver and then exchanging it for gold when the gold/silver ratio is at an extreme (in favor of silver)………………………………………..Full Article: Source


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VRS - who has written 37561 posts on Opalesque Commodities Briefing.


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