It was trading less than 15 an ounce just 2 weeks ago.
Is now the time to buy gold and silver.
Based on this now might be an opportune time to buy silver.
Right now silver costs about 16 50 an ounce.
Last the gold silver ratio the price of gold divided by the price of silver can give clues about which metal might be the better buy at any given time.
Recommended for you house passes 2 2 trillion stimulus bill but that doesn t mean 1 200 checks and more unemployment benefits are on the way.
Silver was 16 67 and now it is 14 75.
It s averaged about 61 1 in the 21st.
Gold meanwhile trades at about 1 200.
Is now the time to buy silver.
The answer to this question might be found in looking at the pros and cons of buying silver.
He also keeps a position in international education which keeps him in touch with the student mindset.
Since we wrote that on march 2 our reports are always based on the prior friday s close in this case february 28 the price of gold and most especially silver has dropped.
Especially when the ratio reaches an extreme the gold to silver ratio averaged 47 1 during the 20th century.
This is a drop of 11 5.
Thus there is no better time to buy gold.
As of this writing silver has softened in price and so has gold.
So is now a good time to buy silver coins.
10 the gold silver ratio favors silver.
There is no good time to buy gold said cheng who said he sees the asset hitting 2 000 per ounce by the end of the year.
Mike writes the gold enthusiast daily newsletter runs the golden hammer trading service and participates in the mesh private portfolio.