22 April 2013

Net Asset Value Premiums of Certain Precious Metal Trusts and Funds - Record Asian Buying

The Gold/Silver Ratio is now around 61.

And still hardly anyone is talking about silver in this recent market takedown.

The last chart shows a YTD comparison of gold and silver.  It shows what is meant when one says that 'silver is more volatile.'  It tends to higher highs and lower lows as compared to gold.

And the Financial Times reports that:
"Asia is witnessing one of the strongest waves of physical gold buying in 30 years, with bargain hunters using the drop in prices to secure jewellery and gold bars."
As I said last week, the only thing this nonsensical market operation has achieved is that gold is flowing from West to East. And the Germans may as well look for their gold in Asia, as in London and New York.  And they will know, like so many others, what it is to have their wealth confiscated by the Banks.   And they may as well 'wish upon a star' for reparation, for they will have been 'bailed-in.'