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.
Is now the time to buy gold and 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.
The answer to this question might be found in looking at the pros and cons of buying silver.
Gold meanwhile trades at about 1 200.
10 the gold silver ratio favors silver.
As of this writing silver has softened in price and so has gold.
Mike writes the gold enthusiast daily newsletter runs the golden hammer trading service and participates in the mesh private portfolio.
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.
Every investor should have some gold in their portfolio.
Based on this now might be an opportune time to buy silver.
It s averaged about 61 1 in the 21st.
So is now a good time to buy silver coins.
Right now silver costs about 16 50 an ounce.
Thus there is no better time to buy gold.
It was trading less than 15 an ounce just 2 weeks ago.
Is now the time to buy silver.
This is a drop of 11 5.
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.
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