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Precious metals investors often use the gold-silver price ratio to decide which metal to buy. Known as the GSR, it is derived by dividing the price of gold by the price of silver.
Gold and silver prices have exploded. Gold’s up $390 since its March low, silver up $10.60. Silver’s gain is 87% versus gold’s 26%. This is what was supposed to happen being that the GSR (gold silver price ratio) topped 100. Silver has still more catching up to do.
Two days ago, Forbes ran an article about Senator Elizabeth Warren (Dem-MA) wants to cancel student debt in the next stimulus program. However, no where in the piece did the writer reveal how much student debt was outstanding.
In November 2016, Forbes magazine (commonly known as “Forbes”) published an article titled “Four Reasons Why Gold Is A Bad Investment.” Despite being a business magazine with a stellar reputation, established 1917, they really missed the boat with this article.
In June, gold-backed ETFs recorded their seventh consecutive month of positive flows, adding 104 tons – equivalent to US $5.6 billion or 2.7% of assets under management. This brought 1st half global net inflows to 734 tons, significantly above the highest level of annual inflows, both in tonnage terms (646 tons in 2009) and US-dollar
