Right before the close of the week gold took off a bit closing in at $2,006.51 while silver closed off at $23.11 which gives us a ratio of around 1:87
You might remember from last time, to show off this ratio I have 1/10th of an oz of gold with 8.5 ozs of silver.
Costco is at it again in Canada you can buy:
Now look at this:
So, technically you buy 1-2 of theses bars right now, and then go sell 1-2 oz’s of gold right after…. You will then have kept the difference, and will be getting a few % cash back from your credit card and from being a costco executive membership…
Is this a topping signal for gold or is this just the tip of the iceberg?
Check out my other #goldtosilverratio posts #silvergoldstackers
A part of me might just pull the trigger and buy a whole bunch of metals soon so get ready for some possible future new metal posts :)