Gold/Silver Ratio

Another busy day at work. Market sentiment seems to be lousy today.

I think it is a good day to promote the shiny side to people on a red day. the importance of precious metal.

1) With the current gold/silver ratio at 109.67, silver is a steal at its current price provided gold stays above 1700 USD per ounce.

Historically the gold/silver ratio is at 60 for the past 20 years and usually at its high when above 80.

Reference from Seekingalpha

2) Supply & demand for silver has always been healthy when compared to gold. At least 80% of the dug up silver are used up yearly either for industrial use, jewellery or silverware. You may read the details here.

Reference from GlobalNewswire

3) Using common sense, historical high for gold is 1869.90 USD per ounce while historical high for silver is 48.58 USD per ounce. The odds for gold to flip from its current price of 1700.71 USD per ounce to 3400 USD is not unlikely, but that is just a 1 bagger. Silver on the other hand when spike up can hit at least a 3 to 10 bagger depending on the amount of frenzy going on during the spike.

Trade of the Day

Biolidics (8YY.SI)

Sold Clearbridge (1H3.SI) & bought last Friday at 0.46, sold in the morning at 0.475. It might spike further but I like to pick low bearing fruit, sell first talk later.

Luckily I sold, now trading back at 0.46.

IX Biopharma (42C.SI)

Bought back my weed at 0.28. Hand itchy, better not follow my trade, these are all for speculation unless you are buying for long term.

Disclaimer: Shared opinion on this blog is not to be treated as investment advice to the readers. Please do your own due diligence and consider your financial goals before investing.