Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / $39.12 per ounce SILVER PRICE 🚀 (Proof WE Are Too LOW!)...Gold Price Too

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$39.12 per ounce SILVER PRICE 🚀 (Proof WE Are Too LOW!)...Gold Price Too · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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  $39.12 per oz silver. Is that what history is telling
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  us the price should be right now?
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  You're going to be shocked when we look at the graphs, charts
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  and information that I have for you today because to me it shows
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  undeniably that the silver price should be close to $40 per oz.
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  And we know other fundamental factors that we will touch on
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  should have the price even higher than that.
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  Were you willing to trade 90 ounces of silver for one ounce
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  of gold? The gold the silver ratio had
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  been stretched not too long ago to those levels.
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  This is a ratio that's closely watched within the precious
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  metals community. And when we look at it from a
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  historic perspective, what can it tell us about where right now
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  the silver price should be? In recent weeks, the gold to
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  silver ratio has pulled back. Now it only takes 76.62 ounces
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  of silver to get your hands on one ounce of gold.
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  But look at this information that was shared with us from our
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  good friend Coin Shop Chris. He's our man on the street
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  interacting with customers every day who are buying and selling
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  gold and silver coin shop. Chris sent me this at with gold
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  at $2347.70 per oz. That's the price on June 2nd of
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  2024. Here's the ratio.
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  And what if the ratio were at lower numbers where the price of
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  silver would be at 70 to one? We're looking at $33 silver at
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  60 to one. Let's focus on this number for
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  now. We have silver at $39.12 at 50
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  to $147.40 to 1. Silver to, I'm sorry, gold to
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  silver ratio almost $60.00 per oz, silver at a 30 to one.
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  Gold to silver ratio almost $80.20 to one, almost $120.00
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  and 12:50. Now look, I've got some big
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  historic data I'm going to share with you later from our friend
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  Silvershire that might just make that 12:50 ratio number seem not
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  too far out of the question. None the less, at 12:50 we're
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  looking at $235 silver. So with our current gold to
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  silver ratio at 76.62, let's take a step back to what we just
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  looked at and remember what a 60 to one gold to silver ratio
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  resulted in $39.12 silver. I want you to look at this
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  chart. It's a 30 year chart of the gold
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  to silver ratio. If you just eyeball this chart,
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  where do you think the average has been over the last 30 years?
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  What I'm seeing is an average of about 60 to one.
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  And again, this is just over the last 30 years.
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  So if we were at an average gold to silver ratio right now, we
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  would have $39.12 over. And that's not even considering
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  that over that time period, the industrial uses for silver have
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  absolutely exploded. We've covered that ad nauseam on
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  the channel. You know, back in the mid 90s,
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  the industrial uses for silver, that massive source of demand
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  was nowhere near where it is today.
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  But it gets even more astounding, guys, when we zoom
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  out and look at some more historic data.
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  So while currently it takes almost 76 ounces of silver to
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  get one ounce of gold, if you and I were walking around in
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  ancient Greece, what, 2324 years ago, it would only take us 10
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  ounces of silver to trade for one ounce of gold because that
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  was the gold to silver ratio at that time.
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  Medieval England, not that long ago, we probably had some shared
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  relatives living in that part of the world.
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  It was 11 to one. Let's go to a little more modern
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  times, Germany in the year 15110 to 10.
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  Interesting. And even here in the United
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  States, back in the year 1888, we had a gold to silver ratio of
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  20, 1.221. I want to thank our friend
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  Silvershire for sending me this information.
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  I crumbled it up and thrown it away when I was cleaning my desk
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  off and I had to dig through the trash can to find this hidden
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  gem. Now again, if we look at the
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  Germany number at the top, a 12:50 gold to silver ratio would
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  mean that right now the silver price would be well over $200.00
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  per oz. Right now I'm holding in my hand
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  an 1878 Morgan Silver dollar. If we look at the middle of this
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  chart, we would see that in 1878, the gold to silver ratio
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  was 16.7 to one. Yes, that means that not too
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  long ago, this very coin that I'm holding in my hand that at
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  that period it would only take less than 17 ounces of silver to
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  get one ounce of gold. I mean, look, this coin is, in
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  my opinion, relatively recent. The fact that this gold silver
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  ratio has gotten so far out of whack, I believe lends even more
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  credence to the fact that silver is the most undervalued asset on
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  the face of the earth. Hey, if you want to get your
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  hands on some silver or gold before maybe it becomes maybe
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  very hard to get, please check out our channel sponsor Pembex.
• 6:06
  They make videos like this possible.
• 6:09
  Pi MB EX there's the box right there.
• 6:13
  I think you'll find they have the best prices, service and a
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  company you can trust, but you need to find that out for
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  yourself. Thank you Pembex for being a
• 6:22
  gracious sponsor of Ron's basement and making this video
• 6:26
  possible. Guys, it's going to be super
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  interesting as we head into the coming months, quarters and
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  years as silver investors, gold investors as well.
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  But they're really truly is what a lot of people are calling a
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  potential for a slingshot move in silver as that gold to silver
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  ratio compresses back towards more historic norms like we
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  showed during this video. One thing for sure, no matter
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  which way that gold to silver ratio goes, I'll be here for
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  you. It's a big honor to me when you
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  join me in the basement and I'll look forward to seeing you next
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  time