Highest Gold / Silver Ratio in human history on 3/16/2020 - Bat Monday.
Metals getting crushed.
Deflation raging.
Markets in free fall.
Opportunities abound. I am LONG both gold and silver, and currently spot prices falling do not represent ability to accumulate physical at any discount whatsoever. The Great Divergence between spot and physical prices may possibly be occurring, although no one can declare victory yet. We did see this in 2008/9 as well so it is still too soon to tell, but you cannot get physical gold or silver for what you see as the spot price. Premiums have soared and remain high at this time. To accumulate physical silver at this time you are paying between 30-50% premiums from dealers.
Long term, I believe that both silver and gold are an excellent play and gold could easily retrace 25% from it's 2020 highs to a level around $1,200 if history is any guide. It may not repeat this time, but it will rhyme.
Good luck.
Metals getting crushed.
Deflation raging.
Markets in free fall.
Opportunities abound. I am LONG both gold and silver, and currently spot prices falling do not represent ability to accumulate physical at any discount whatsoever. The Great Divergence between spot and physical prices may possibly be occurring, although no one can declare victory yet. We did see this in 2008/9 as well so it is still too soon to tell, but you cannot get physical gold or silver for what you see as the spot price. Premiums have soared and remain high at this time. To accumulate physical silver at this time you are paying between 30-50% premiums from dealers.
Long term, I believe that both silver and gold are an excellent play and gold could easily retrace 25% from it's 2020 highs to a level around $1,200 if history is any guide. It may not repeat this time, but it will rhyme.
Good luck.