Precious Metals Update...SILVER Breaks $18 USD per ounce

in money •  7 years ago  (edited)

Hey guys today I am doing a quick post about the precious metals market. Lets get to it...

At the current moment the following are all up today: Gold, Silver, Platinum, and Palladium.

Gold is currently sitting at $1340.23 USD per ounce up $11.70 today
Silver is currently $18.06 USD per ounce up $.23 USD today
Platinum is currently $1010.50 USD per ounce up $.50 USD today
Palladium is $983.43 USD per ounce up $4.18 USD today
The current Silver/Gold Ratio is 74.22

Things are looking bullish for the precious metals. Silver finally broke the $18 mark and Platinum is over $1000 again. Historically the Silver/Gold ratio has been closer to 35/1, although miners state that the ratio should be closer to 10/1 because that more closely reflects the amount of silver to gold found in the earth from mining. This is a big reason many feel that silver has the potential to "break out" to much higher levels. I am not a financial advisor, but I do feel that it is important to diversify your investments. I'm a huge advocate for crypto currencies, but I also feel it is prudent to own some precious metals in the form of silver/gold bars, coins, bullion, etc. JM Bullion now allows crypto users to purchase silver/gold with Bitcoin...could be a good way to reinvest some profits and have more diversity in your portfolio.

Well that's all for now. What do you guys think? Would you purchase precious metals with Bitcoin? Do you think precious metals are a bad investment due to paper manipulation? Will silver finally breakout similar to cryptos and reach new all time highs? Please comment below to share your thoughts.

Take care and stay safe out there,
Pete

money finance bitcoin silver gold
7 years ago by

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      ·  7 years ago 

    really nice to know about it

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      ·  7 years ago 

    its a very helpful post, thank you :)

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      ·  7 years ago 

    Thanks for the support.

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      ·  7 years ago 

    I might be interested to invest in Silver! Thank you for this interesting article and the mention we are in a bullish market for precious metals.

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    [-]
      ·  7 years ago 

    Thanks for stopping by.

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    [-]
      ·  7 years ago 

    Is it finally time they are going to break out?

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    [-]
      ·  7 years ago 

    Lets hope so. I feel bad for the stackers who bought silver in the $40-50 range per ounce. Luckily I didn't buy anywhere near that spot price. But, a bull trend is long over due. Hopefully the $20's in a few weeks...

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    [-]
      ·  7 years ago (edited)

    Man thanks for amaging analysis sharing with us:))

    Big thumbs up

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    [-]
      ·  7 years ago (edited)

    Thanks for the support and for stopping by. Checked out your page, you got some interesting stuff to learn about...followed.

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    [-]
      ·  7 years ago 

    Finally good time here too :D but crypto just dropped hugely

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    [-]
      ·  7 years ago 

    Looks like crypto is slowly turning green again. The last 2 days were pretty brutal.

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    [-]
      ·  7 years ago 

    Hopefully it holds .
    Think the most i paid this year was $18.50 .
    I Did enjoy the $15-$17 , but would like it to touch $20

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    [-]
      ·  7 years ago 

    I can't believe it hasn't hit $20 yet. Hopefully by early 2018. Lots of paper manipulation pushing the price down though.

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    [-]
      ·  7 years ago 

    Hahahah i actually bought some gold using some of my NEO profit ! Sometimes it feels good having tangible assets rather than intangible ones !

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        ·  7 years ago 

      really nice to know about it!!!!!!!!!!!1

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