Is Now The Time To Buy Gold And Silver

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.

Is now the time to buy gold and silver. The answer to this question might be found in looking at the pros and cons of buying silver. Mike writes the gold enthusiast daily newsletter runs the golden hammer trading service and participates in the mesh private portfolio. Gold meanwhile trades at about 1 200. Right now silver costs about 16 50 an ounce.

It was trading less than 15 an ounce just 2 weeks ago. It s averaged about 61 1 in the 21st. 10 the gold silver ratio favors silver. 2 1 year returns finally i m looking at what has happened when this ratio gets to the other extreme.

He also keeps a position in international education which keeps him in touch with the student mindset. Especially when the ratio reaches an extreme the gold to silver ratio averaged 47 1 during the 20th century. Based on this now might be an opportune time to buy silver. As of this writing silver has softened in price and so has gold.

Thus there is no better time to buy gold. 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. Every investor should have some gold in their portfolio. 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.

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. This is a drop of 11 5. Silver was 16 67 and now it is 14 75.