Gold Silver Ratio Says It’s Time to Buy Silver, Sell Gold

Silver remains undervalued versus gold and the gold silver ratio suggests “selling the former” and “buying the latter” according to a Bloomberg article published today.

“When the head of one of the world’s biggest silver streaming companies says he’s more bullish on his metal than gold, don’t dismiss him just for talking his own book. This chart suggests Silver Wheaton Corp. Chief Executive Officer Randy Smallwood may be right. The gold-to-silver ratio just fell below 80, and the last three times that happened silver outperformed gold by 60 to 302 percentage points in the next two or three years.”

We continue to see silver as very undervalued vis a vis gold but more especially vis a vis stocks, bonds and many property markets. Rather than selling the financial insurance that is gold, we would advise reducing allocations to stocks, bonds and property and allocating to silver. If one is very overweight gold in a portfolio and has no allocation to silver than there is of course a case for selling some gold and reweighting a portfolio in order to diversify into silver.

See Bloomberg article here

Gold Prices (LBMA)

21 Mar: USD 1,244.25, EUR 1,104.47 and GBP 863.60 per ounce
18 Mar: USD 1,254.50, EUR 1,112.93 and GBP 868.78 per ounce
17 Mar: USD 1,269.60, EUR 1,119.40 and GBP 883.17 per ounce
16 Mar: USD 1,233.10, EUR 1,111.79 and GBP 874.09 per ounce
15 Mar: USD 1,233.60, EUR 1,112.56 and GBP 870.71 per ounce

Silver Prices (LBMA)

21 Mar: USD 15.81, EUR 14.02 and GBP 10.99 per ounce
18 Mar: USD 15.94, EUR 14.13 and GBP 11.02 per ounce
17 Mar: USD 15.78, EUR 13.86 and GBP 10.93 per ounce
16 Mar: USD 15.29, EUR 13.78 and GBP 10.84 per ounce
15 Mar: USD 15.32, EUR 13.81 and GBP 10.82 per ounce

Gold News and Commentary

JPMorgan Chase’s forecaster says buy gold, not stocks (CNBC)
Gold eases but support seen at $1250/oz (Bullion Desk)
Gold dips below $1,250 an ounce (Marketwatch)
Gold falls as stronger dollar weighs on prices (Reuters)
Indian jewellers calls off strike; gold imports to rise (Reuters)

Silver Getting Accidental Boost From Base Metal Industry’s Gloom (BBG)
Disclosures of Gold Market Manipulation Are Coming Soon – Kirby (USA Watchdog)
Is Janet Yellen blind to the rebound in inflation? (Marketwatch)
Central Banks Already Doing Unthinkable — You Just Don’t Know It (Telegraph)
Wall Street’s pile of unwanted Treasuries exposes market cracks (Bloomberg)

Read More Here

 

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Mark O'Byrne

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