Posts

The Gold to Silver Ratio - July 30th 2022

avatar of @ssjsasha
25
@ssjsasha
·
·
0 views
·
1 min read

What a bounce. As soon as rates went up, silver and gold spiked up.

What a clown world isn’t it.

Right now, the price of silver is $20.34

While the price of gold is $1,766.32 giving us a ratio of just under 1:87

We had a ratio of over 1:90 for a few days but seems like silver is outperforming gold at least for now. Which makes sense, lower market cap, high price movements possible.

So many talks of manipulations. JP Morgan people being charged for metal manipulations, comex numbers going down, a billionaire lady in Texas bought $50 million worth of gold and silver, including 900,000 American eagles, a lot of constitution American coins with plans to put around a billion dollars in. Just so you know what that number is, it’s $1,000,000,000. Her $50,000,000 order shook the physical market, what will happen when she puts in 20x more of these big orders, and that’s just 1 billionaire, what happens if billionaires globally start fomoing into metals?

Posted Using LeoFinance Beta