Gold moves first. Perhaps traders realizing that silver is NOT gold and if there are events in play that are bullish for gold- they want to get on the gold train now – plenty of time to catch the silver train later if the gold one gathers steam https://t.co/g4iHIbpklo
There is no “historic” gold silver ratio that must be regained.
The gold silver ratio was dramatically impacted from 1934-1974 because the price of gold was SET at $35 by the Gold act of 1934. Even so the gold silver ratio averaged about 40-1 from 1915-1971.
They mine ten times more gold than platinum. How come platinum is not 10x the price of gold? because relative rarity is NOT the sole determinate of price.
A gold silver ratio of 16-1 was set as a political accommodation in the 18th century in order to establish a bi-metallic standard, it wasn’t market driven.
the history of gold and silver as monetary metals during the periods is also a major factor as are including but not limited to:
bimetallic standard history 1792+
gold rush 1849-1856 impact and the sinking of the S.S. Central America in 1857
Democratic silver platform/free silver movement 1896
Pitman Act 1918 and other pro silver mining industry measures
gold in US coinage removal 1933
Gold act of 1934 setting price at $35
silver in US coinage removal 1965
gold standard abandonment 1971
reintroduction of legalized US gold holding 1974
Hunt brothers impact on silver
changing silver industrial use from photography to electronics
central bank gold holding vs no central bank silver holdings
Rise of Indian and Chinese gold and silver demand
My view on gold and silver is aside from sharing some monetary history, they are enough dissimilar that make meaningful comparisons non instructive and perhaps odious.
Gold and silver are not the same metals, they have different properties and different uses. Relative rarity is not the only determinate in arrive at price.
Lawmakers of the House Judiciary Committee are angrily accusing the Department of Justice of missing the Thursday Deadline for turning over UNREDACTED Documents relating to FISA abuse, FBI, Comey, Lynch, McCabe, Clinton Emails and much more. Slow walking – what is going on? BAD!
What does the Department of Justice and FBI have to hide? Why aren’t they giving the strongly requested documents (unredacted) to the HOUSE JUDICIARY COMMITTEE? Stalling, but for what reason? Not looking good!
Dollar Collapse! End of Dollar Hegemony! Dollar is Toast! Gold Backed Yuan! Game Over! Foreigners Bulking Up on U.S. Treasuries Once Again In February, overseas investors bought their largest share of Treasury notes and bonds since May 2016https://t.co/4NDnlz3x1v via @WSJ
China, which is a great economic power, is considered a Developing Nation within the World Trade Organization. They therefore get tremendous perks and advantages, especially over the U.S. Does anybody think this is fair. We were badly represented. The WTO is unfair to U.S.
The United States hasn’t had a Trade Surplus with China in 40 years. They must end unfair trade, take down barriers and charge only Reciprocal Tariffs. The U.S. is losing $500 Billion a year, and has been losing Billions of Dollars for decades. Cannot continue!
Clinton Cash' Author Peter Schweizer Accuses "accuses Joe Biden's son of $1.5 billion in dirty dealing w/China, & case of Mitch McConnell and his wife, Transportation Secretary Elaine Chaohttps://t.co/P0kBSziFlUhttps://t.co/Jnpi1hrf67
GOLD BACKED YUAN!
Yuan denominated oil futures contract launches on March 26, 2018
Since then Dollar up Gold down
Yuan to Dollar
#Gold backed yuan or gold exchangeable on Shanghai gold exchange or golden triangle gold demand from oil producers fails to boost gold as gold falls and dollar rises since GAME CHANGER “petro yawn” launched on March 26
China’s Vision of Peace and Harmony Through Trade and Sound Money and GOLD!
From the producers of Enron: The Smartest Guys in the Room, #TheChinaHustle uncovers the biggest financial heist that you’ve never heard of – and it’s getting bigger. Watch the official trailer. In select theaters and On Demand March 30. pic.twitter.com/tjXfWo6gUq
Unintended consequence of this – loss of ability to integrate cryptos into the banking system AND potential of an alternative crypto system developing outside control or banking system and government https://t.co/VsSN5FOzPA
India, Pakistan central banks clamp down on crypto-currencies. https://t.co/FglmT3whwH If you transact in crypto your bank account will be shut Unintended consequence- Indians will not use banks and will transact in crypto only
It’s not only individuals that can get shut off the money grid- entire countries can too- Sweden realizes- Sweden's 'Cash Rebellion' Fears "We Have No Weapon Fight Back…If Putin Invades" | Zero Hedge https://t.co/lklTlbFryU
Nonsense #silver bugs been peddling for 10 yrs as proof silver set to SKYROCKET/EXPLODE: gold silver ratio unsustainable, jp morgan "buying" silver, COT never happened before! Silver shortage! silver is SOOOO useful in our lives! Comex default! Silver is rarer than gold!
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