Should i buy silver july 2011

Gold volumes update. Barron's 3 October Silver 'looks cheap'. How gold money died. We use cookies to remember your site preferences, record your referrer and improve the performance of our site. For more information, see our cookie policy.

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Gold News. Search form. November 12 October 23 September 24 August 15 July April saw silver prices double from 6 months before. Why, and what happened next?

Some believed that silver was much undervalued versus gold, and would recover its historical price parity of about 16 ounces of silver per ounce of gold. The principal driver back then was the continued inflation in consumer prices, plus the attempt by Nelson Bunker Hunt and his partners to corner the silver market — an attempt eventually brought to an end by efforts of the Federal Reserve Bank and certain members of the Commodities Exchange.

Thirty years later the global economy again faced serious concerns. Not only was the US economy still reeling from the mortgage crisis and Lehman Brothers collapse. Now the Eurozone faced break-up as Greece, Ireland, Portugal, Italy and Spain all reported serious problems with their finances. In the United States confidence in the economy continued at record lows. The news out of Europe only heightened concerns of another financial crisis.

Then the Fed announced another round of Quantitative Easing beginning in November Silver coin sales by the US Mint hit a monthly record, surpassed only by early 's surge in private-investor demand. Because this new QE meant printing more Dollars or rather, their "electronic equivalent" as then Fed chair Ben Bernanke had said.

This is evidenced in the chart below, which plots the returns of gold, silver, oil and copper, as well as the ASX from end September through to end February The chart highlights the strong outperformance of gold and silver, with both rallying in Q4 , a period in which the ASX and other commodities sold off.

The increase in the silver price has helped drive a notable increase in investment demand for Perth Mint products. Profit-taking in ETPs is likely to be limited, even with a price rally. Concerns about the state of the global economy will have possible negative consequences for the industrial metals, and by extension, silver.

However, the weight of institutional money flowing into a relatively small market should prove sufficient for silver to outperform gold. Whilst there are no guarantees that silver will outperform gold in and beyond, it is not uncommon for this to happen, especially in strong precious metal bull markets where the prices of both gold and silver rise. In that same time period, the price of silver rose from USD 9.

As at the end of February , the GSR is sitting just above 95, with movements in this ratio from the end of through to today seen in the gold line on the chart below. The grey line represents the average GSR over time. The chart makes it clear that the current GSR is the highest it has been in the past twenty years, indicating that over this time period, silver has never been this cheap relative to gold. Assuming the gold price continued to trade at USD 1, per troy ounce where it is at the time of writing , silver would need to rise to just under USD 25 per troy ounce for the GSR to revert to its average of the last 20 years, which is The next potential upward leg in this 21st Century Gold Rush appears to have the energy to propel silver values to new record high prices in the s.

Various respected bullion market analysts are indeed on record stating record silver price possibilities by the years to Silver fix prices represent composite prices arrived at by various trading banks and brokerages in the over-the-counter silver bullion markets.

Foreign exchange forex prices are the most widely quoted in the precious metals industry. Viewer acknowledges and is in agreement that SD Bullion does not guarantee the accuracy, timelines, or completeness of price data displayed here. Nor shall it be liable to any individual or any entity for any delays, inaccuracies, errors or omissions in this price data or any other damages arising in connection with viewer's receipt or use of this data. SD Bullion offers customers the ability to purchase physical precious metal bullion products for asset preservation and prudent allocation purposes, not for mere speculation.

Using our online price data, market commentaries, and opinions for speculative purposes is not advised, we are not financial planners nor certified to give you any financial advice whatsoever.

Information here is merely for educational purposes. LBMA silver price fix history data is posted with permission. All rights are reserved. In Stock In Stock Silver. In Stock Gold. In Stock Platinum. New Releases. In Stock Silver. Silver Coins. US Silver Eagles. Silver Maple Leafs. Silver Dollars. November 12, November 12, November 10, November 9, November 9, November 9, November 11, First Name required.

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