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Friday, April 29, 2011

Gold -to-Silver Price Ratio Falls Below 30-Year Low

With the price of silver soaring faster than gold, the gold-silver price ratio has plunged below its 1983 low of 31.97. The gold-to-silver price ratio, defined as the price of an ounce of gold divided by the price of an ounce of silver, closed Wednesday (April 27, 2011) at 31.93. This means an ounce of gold is now less than 32 times more expensive than an ounce of silver.
Just four weeks ago, on March 31, 2011, the gold-to-silver price ratio was 37.98 when an ounce of gold was nearly 38 times more expensive than an ounce of silver.
Read my full Seeking Alpha article with more charts at:

Current Holdings: Personally, I own a very small amount of gold and silver hidden in the house for bribes if we see Armageddon. I also own silver and gold coins mostly as a collector but they would serve as currency in a disastere. For inflation protection, I own individual TIPS "treasury inflation protected securities" and Series I-Bonds. I recently sold my managed TIPS mutual funds (FINPX and VIPSX) after the recent surge in TIPS had the spread for the 5-year near record negative lows and used some of the funds to buy a new, individual TIPS with a positive return relative to inflation.  If the base rate for 5-year TIPS returns to a positive level, I may buy the TIPS ETF TIP rather than the managed funds I recently sold.

To best prepare for Armageddon, I own a
MSR MiniWorks EX Microfilter
I can use this to make drinking water from all the swimming pools and hot tubs near me plus the creek around the corner.  I can then trade the drinking water for food and fuel if my extra supplies in my "earthquake kit" run out.

Kirk Lindstrom's Investment Letter Performance

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