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Peter Hug of Kitco News agrees with illuminati silver over the Gold to Silver Ratio

4,939 views · Published 16 March 2016 · 5:23 · Indexed 12 November 2026

Channel: The 2% Brief · 2016 · People & Blogs

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Peter Hug of Kitco News agrees with us over the Gold to Silver Ratio

Today is Wednesday 16th March 2016 and we are very briefly expressing our views which are confirmed by Peter Hug on the gold to silver ratio.

We have been asked by many subscribers about the gold to silver ratio or GSR and whether we are expecting a significant drop in that ratio any time soon. For many months we have said No, in fact our view was that if anything it may rise. Now many of the pumpers are saying ‘buy silver it’s a steal’ compared to gold and the current GSR is not sustainable.

Well when we were first asked this question the GSR was around 75 – 76 having been as low as 69 at one point in 2015, since then it’s been up to 83 and today with gold standing at $1233 and silver at $15.31 the ratio currently stands at 80.5:1

Now the broad difference between the two metals is that just over 50% of silver demand is for Industrial purposes and a little under for monetary or investment purposes (broad brush). Whereas with gold around 10% is industrial and 90% broadly monetary and investment.

So when we are in an economic downturn it is not unreasonable to expect the price of silver to underperform the price of gold as industrial demand declines. Equally in a buoyant economy it would not be unusual for silver to outperform gold, again, because of industrial demand.

So there we have it, our consensus is that for the present there is unlikely to be a major change in the Gold to Silver ratio for the foreseeable future.

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Peter Hug of Kitco News agrees with illuminati silver over the Gold to Silver Ratio

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