Is Now The Time To Buy Gold And Silver

Based on this now might be an opportune time to buy silver.

Is now the time to buy gold and silver.

Gold meanwhile trades at about 1 200. 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. If silver is the new gold now is a good time to buy silver prices have fallen 9 from this year s highs an opportunity for investors to buy the metal that has outperformed gold so far this month. Right now silver costs about 16 50 an ounce.

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. 10 the gold silver ratio favors silver. It s averaged about 61 1 in the 21st. This is a drop of 11 5.

As of this writing silver has softened in price and so has gold. It was trading less than 15 an ounce just 2 weeks ago. Thus there is no better time to buy gold. So is now a good time to buy silver coins.

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. Especially when the ratio reaches an extreme the gold to silver ratio averaged 47 1 during the 20th century. He also keeps a position in international education which keeps him in touch with the student mindset.

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. 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. Every investor should have some gold in their portfolio.