mark is RIGHT. silver naturally floats between 9 and 30 to 1 ratio with gold.
So if gold is 2900 that makes silver a legit min price of about 96 usd and as high as 270ish usd.
BUT if gold is undervalued and should really be 50,000 usd, thensilver should be as high as 5500usd or min of 1700usd.
that being said storage is a problem. to hold more than say 10-20 000usd in junk silver is going to require paying like 2% a yr for vault storage or buy/build your own vault.
my grampas little 2 ftby 2ftby 2ft safe was damaged in a fire and to have it replaced wa gonna be 1500 cdn for possibly lesser quality safe.
so i recomend some junk silver and mostly gold bars in a cheap $40 a yr safe deposit box in a credit union, not a bank.
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Comments 1
mark is RIGHT. silver naturally floats between 9 and 30 to 1 ratio with gold.
So if gold is 2900 that makes silver a legit min price of about 96 usd and as high as 270ish usd.
BUT if gold is undervalued and should really be 50,000 usd, thensilver should be as high as 5500usd or min of 1700usd.
that being said storage is a problem. to hold more than say 10-20 000usd in junk silver is going to require paying like 2% a yr for vault storage or buy/build your own vault.
my grampas little 2 ftby 2ftby 2ft safe was damaged in a fire and to have it replaced wa gonna be 1500 cdn for possibly lesser quality safe.
so i recomend some junk silver and mostly gold bars in a cheap $40 a yr safe deposit box in a credit union, not a bank.