Loading ...Gold always does what we don’t expect. The future is always a surprise. My guess is some news event will attract a lot of buying. We just have to wait. We really can’t complain about Gold, its been a champ. Silver?? Every once in a while it goes up to $50 and drops. But these days even with Silver at $25/oz you can’t get any at that price. Junk Silver coins are $30/oz. Silver Eagles are around $40/oz.
If I remember right the gold silver ratio was 15 to 1 meaning 15 oz of Silver was equal to 1 oz of Gold. That puts Silver at $125/oz. And the Arabs were pricing oil at 1/bbl oil equal 1 oz Silver. ($1 or $2/bbl) And one ounce of Gold equal to 50 barrels of Oil. That puts today’s Oil S/B at $39/bbl? But Crude today is $107/bbl that puts Gold at $5,350/oz. The financial system has been mechanically adjusted or changed so many times, who knows how its going to evolve? Imo its all in transition.
If anyone has better info correct the above.