This story was originally published here.
It took a decade for the gold price to break out over $1,700 per ounce. A price in this range is rare. Gold has been above $1,700 just 36 weeks out of the past decade. The last time we saw the yellow metal in this price range, it was on a historic run over $1,900 per ounce in 2011. And while we are back in record territory for gold, its cousin silver is hiding in the background.
When the gold price is over $1,700 per ounce, the average silver price was $30 per ounce. Since 1975, it has taken 60 ounces of silver to buy an ounce of gold, on average. Today, it takes 100 ounces. This year, the average silver price was $16.77 per ounce, 39% below the average. Today, the price is $17.81 per ounce.
That means the silver price needs to go up massively, just to hit the average price from the last bull market — around $50 per ounce.
We are well below that today.
Silver hasn’t kept up with the gold price movements over the past year. You can see what I mean in chart below…
Editor's Note: To keep reading, click here.
Expert: The World’s First “Trillionaire” Will Come from This New Industry
I’ve just uncovered a profit opportunity that’s going to blow your mind.
It could make you very rich, very soon. Yet most folks are completely in the dark about what’s taking place right now.
According to Bill Gates, one innovation in this new market could be “worth TEN Microsofts.”
And billionaire Mark Cuban, the Shark Tank investor and owner of the Dallas Mavericks, says this market will create “the world’s first trillionaire.”
In fact, one company in particular could reap the biggest rewards of all, as this imminent boom unfolds.
And by taking one simple step today, you’ll see how to get on the ground floor of an historic windfall.
Listen, I’ve made my career on Wall Street spotting opportunities like this. I was recognized by Barron’s as No. 1 money manager at one point. And I was also named one of MarketWatch’s 10 best advisors.
I’m not telling you this to brag, but so you’ll give what I’m saying some serious consideration.
I’ve put together an entire presentation detailing this opportunity. That way you can decide for yourself if I’m full of hot air.
To see more details, click here now…
Regards,
Charles Mizrahi
Editor, Alpha Investor Report
