Comments by "ScorpioBornIn69" (@ScorpioBornIn69) on "Commodity Culture"
channel.
-
I have been following markets and investing since the 1980's.
I did some more research on the current ratio of how much silver there is compared to how much there is gold.
There is just 19 times more silver than gold in the inventory numbers.
That is a 19:1 ratio for silver to gold.
Gold is $2,600 an oz.
Silver is $31.00 oz.
That is about a 84:1 ratio in the price range.
With the current 19:1 with the inventory of silver and gold, that makes it $136 an oz for the white metal.
Not $31 an oz.
It is ridiculously undervalued.
Also Appears that investors today, especially the younger ones believe that silver is an industrial metal, not an investment and hedge against inflation.
It's far too expensive for common industrial use, in what base metals aluminum, steel, nickel and such is used.
And historically silver has outperformed gold when there are periods of prices surges.
Again silver currently to it's inventory ratio to gold 19:1, the white metal is to be around $136.00 an oz.
Therefore is a great opportunity to buy silver at these current prices and as investor, I would put more money into silver.
Or with the current price ratio 84:1, I would trade some of that gold into silver knowing that it'll break out of this stagnation and skyrocket in price.
Also I believe there is manipulation happening with silver futures.
It happened in the mid-2010's when there was suspicous selling happening in the silver futures outside of trading hours.
That manipulation also happened with gold and copper futures.
1
-
I have been following markets and investing since the 1980's.
I did some more research on the current ratio of how much silver there is compared to how much there is gold.
There is just 19 times more silver than gold in the inventory numbers.
That is a 19:1 ratio for silver to gold.
Gold is $2,600 an oz.
Silver is $31.00 oz.
That is about a 84:1 ratio in the price range.
With the current 19:1 with the inventory of silver and gold, that makes it $136 an oz for the white metal.
Not $31 an oz.
It is ridiculously undervalued.
Also Appears that investors today, especially the younger ones believe that silver is an industrial metal, not an investment and hedge against inflation.
It's far too expensive for common industrial use, in what base metals aluminum, steel, nickel and such is used.
And historically silver has outperformed gold when there are periods of prices surges.
Again silver currently to it's inventory ratio to gold 19:1, the white metal is to be around $136.00 an oz.
Therefore is a great opportunity to buy silver at these current prices and as investor, I would put more money into silver.
Or with the current price ratio 84:1, I would trade some of that gold into silver knowing that it'll break out of this stagnation and skyrocket in price.
Also I believe there is manipulation happening with silver futures.
It happened in the mid-2010's when there was suspicous selling happening in the silver futures outside of trading hours.
That manipulation also happened with gold and copper futures.
1
-
1