Hi, all Mr. Bullionhunter here as I hope that you are all having a good day
as for today's blog I will be discussing a very late news from which I didn't get a chance to talk about it until now.
This email I had from Atkinsons which was regarding the price of silver saying that it is a at an ATH of $36 or in GBP terms £26 as it was that high since March.
But I want to know is how come?
And this thou leads me to another email which I had as this time is from OneGold's email which I had since yesterday saying that Silver had soared to a whopping 13 year high which had lead to importing Tariffs of Steel & Aluminium from 25% - 50%, & also the war which is happening between Ukraine & Russia which somehow which has some knock on effect.
And as for the Gold-Silver Ratio
(which I have no idea how it work, so if anyone of you know about the ratio works, post it in the comments section.)
As I was reading the mail it says the ratio at its lowest number which is 91.89 which it is regarding by Bullionbypost
What does Silver price mean???
Well by according to the price of Silver from last Monday to last Friday, that it has gained a nice 8% for that week.
And as for buying Silver
So if I did choose to buy a 1oz Silver Britannia (Which practically is my favourite for numerous reasons) right now, I would have to pay nearly £40 which me being an honest user, that I have never seen it like that before even though the price of Silver was near around about £10 during COVID Pandemic era.
CONCLUSION
Even though that the Inflation will always keep going up all the time. And a lot of people would ask themselves or to another person the same question???
****IS IT TOO LATE TO INVEST IN SILVER????****
In my basic opinion it is not to late to invest in Silver due to these reasons such as
- The price of silver is currently low at this time
- The size of the weight which equals more money when the price goes up.
But be aware that I have said numerous of times that their taxes pending on your local government.
And also I have collected a lot of Silver's during my first 5 year tendency which I will show you all in the near future.
ALSO FOR ONE MORE THING I AM NOT A FINANCIAL ADVISOR AS THIS BASED ON MY OWN VIEW.
Have a good day all and keep Stacking.
Mr.bullionhunter