Saturday, February 12, 2011

James Turk: Watch the gold/silver ratio

James Turk founder of GoldMoney said the gold/silver ratio is set to break out.  According to Turk this break out will confirm the precious metals bull market and possibly take silver back to the historic ratio. 

At Yourhedge we have discussed the importance of watching the gold/silver ratio.  In a precious metals bull market silver will typically lead the way on a percentage basis.  Last year we had gold/silver ratio of 65, today we have a ratio of 45.39.  This means it takes 45.39 ounces of silver to equal one ounce of gold.  Historically we have seen a ratio around 16.  We are not even close to seeing a top in this precious metals bull market.  Continue to accumulate physical.

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