Campeador Bronze ✭✭✭
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Silver is a good move. Is severely under-priced. If you mine for AG is roughly 10 to 15 Troy Oz of Silver for each Troy Oz of Gold. So, with that in mind, the current Ratio is about 74 to 1 that is very unrealistic. If you have stocks, I will suggest to get into the Mining Sector. As soon PM takes off, so their Stocks. They are at very low prices, just like PM now days. Gold can move up, so Silver, but if the ratio goes to normal values, from the investment standpoint, Silver will make the bigger move. Let us say, that Gold go to $10,000 and apply the Historical Ratio of 10 to 1, the value will be at $1,000 per Troy Oz. If you bought Silver at $18 and some change, you will see which one made the best move. If you bought AU at current prices (around $1,351.00) and goes to $10,000 you can see the move is not as great.
If you have less cash to spare, buy AG as an Investment; if you want to Preserve Wealth, buy AU.
"Gold and equities move inversely, so if gold continues up here it's probably possible that we move more into a corrective trend in equities as gold rallies up," she said. "There's a lot here that suggest that equities are looking a little fragile under the surface, and it would be logical that you would see equities pull back a little or consolidate."
So.... if I understood this correct.
I can ride the Gold wave, cash out at the top and invest on equities?
Andy Hoffman lashing out Peter Schiff and Lynnete Zang. He is spot on the Crypto and how will play along with Precious Metals. I think, Zang is correct to an extent. Central Banks can manipulate Cryptos to a certain point; just like a Pump n' Dump Penny Stock. However, they cannot control the technology. My take, as usual, do not Bite into the Hype. Wait until the dust settles and transact with what is available.
A bit cocky I must say. However, bought Silver from his company and has been a great experience.
To me it sounds like a dangling carrot to make the Cashless way more palatable.