Silver: A Rare Buying Opportunity
The gold price recently surged to unprecedented levels, surpassing the $3,000 per ounce milestone. This remarkable surge has been attributed to escalating geopolitical tensions, the revival of the trade wars, mounting inflation concerns, and of course, a very uncertain and very worrying outlook for the global economy and for the markets. As they always do, investors have once again flocked to the safe haven that gold unmistakably provides, pushing the price from record high to record high.
However, what is interesting this time is that silver has failed to grab any of the spotlight, which presents a truly rare opportunity for shrewd investors with a long-term vision.
While gold has been dominating international headlines for months already with its record-breaking performance, its “little brother” has remained relatively subdued, currently trading around $29.59 per ounce. This disparity is reflected in the gold-to-silver ratio, which currently stands above 102:1, significantly higher than the historical average of around 50:1. Such an elevated figure suggests that silver is undervalued in relation to gold, pointing to a potential correction as market dynamics evolve.
Of course, as most of my clients and readers know very well by now, my primary focus has never been fixed upon price action or the temporary fluctuations of the precious metals market. This is why I personally don’t find the “$3000/oz” gold price record as
Article from LewRockwell
LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
