Is Now The Time To Buy Gold And Silver

Right now silver costs about 16 50 an ounce.

Is now the time to buy gold and silver.

Based on this now might be an opportune time to buy 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. Every investor should have some gold in their portfolio. The answer to this question might be found in looking at the pros and cons of buying silver.

So is now a good time to buy silver coins. 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. This is a drop of 11 5.

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. Silver was 16 67 and now it is 14 75. 2 1 year returns finally i m looking at what has happened when this ratio gets to the other extreme. 10 the gold silver ratio favors silver.

Thus there is no better time to buy gold. It was trading less than 15 an ounce just 2 weeks ago. 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. Gold meanwhile trades at about 1 200.

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. As of this writing silver has softened in price and so has 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.