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Thursday, March 31, 2011

Gold/Silver Price Ratio Plunges Below 27-Year Low

Update 7/29/13:

With silver prices continuing to make new highs while gold has not made a new high, the gold:silver price ratio plunged to a new low dating back to 1983!

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 Monday at 37.99. This means an ounce of gold is now less than 40 times more expensive than an ounce of silver.

Charts of the gold-to-silver price ratio, GLD, SLV, Gold and Silver prices plus the rest of my Seeking Alpha article at:

Current Holdings: Personally, I own a very small amount of gold hidden in the house for bribes if we see Armageddon. I also own silver coins for a similar purpose. 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.  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.


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