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Will Silver Explodes in Price?
By Rolf Suey - Invest in Yourself  •  June 18, 2020
Silver is at its all-time low price compares to gold. The gold-silver-ratio which is the price of gold over the price of silver per oz is close to 100 now. Gold price is USD1720 and silver at USD17.3 per oz currently. Source: goldprice.org And if you look at historical chart below, gold-silver-ratio at the end 1979 to 1980 is as low as 15 to 20. This means that if one day, the situation goes back to be the same in 1980s, and assuming gold price is at current level of >1700USD per oz, then silver price will actually rise more than 5 times to >USD85 per oz. Source: www.macrotrends.net/1441/gold-to-silver-ratio Refer to Mike Maloney (founder of goldsilver.com) recent youtube video, and with charts and screens extracted as below, then silver now represents only 0.011% of global wealth compared to 0.268% of global wealth in...
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By Rolf Suey - Invest in Yourself
I am a Singaporean, born in the late 1970s experiencing mid-life career crisis at time of writing this blog. One reason to start blogging at an older age, is to break my own comfort zone. While it can be considered late, it is "Better Late Than Never" ...
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