SILVER is just getting a very bad rap here. Its utterly ridiculous. 1 oz of gold equaling 78 oz's of silver. I've never seen a spread in all my life, and I have been around a very long time. I really believe this is an all time record for the spread between the 2 precious metals. I keep hearing that one day Silver will break loose and catch up some to Gold, but Come On. Utter manipulation is happening. Silver is mined, and much of that silver is used up in industry. Gold continues to be mined, horded, and stored. While Looking at this spread it almost looks like Silver is no longer a precious metal. Makes me wonder what is transpiring here. Why is silver being held down? That is the 1 million dollar question.
The U.S. Dollar is getting utterly smashed down right now as well (currently trading down .59 at 91.29) Oil is over $60 a barrel. Last time oil was so high Silver was trading around $30 an oz. I will continue to hold my silver. I know this manipulation can't last forever. Something has to give.
So, I will patiently sit back and watch the manipulation take place, while I play with my bullion. Silver is truly the Real Deal. Real Money. Keep stacking fellow gold and silver stackers. A bit of advice for gold holders... Now would sure be a great time to sell some and buy into silver. She's a spring that is ready to force its way up from the ground.
Have a great day all. Cheers.
Article written by me, on steemit
(images from google imaging under the subjects: silver, gold, burning dollar)