From Brian Weepie, Analyst, Stansberry Resource Report:
I hope you took my advice.
In early March, I wrote that if you were looking to buy precious metals, silver was your best bet.
It had sold off too much relative to gold. And the gold-to-silver ratio – how many ounces of silver it takes to buy one ounce of gold – had eclipsed 80. As I explained, the ratio had only risen that high a few other times in the past 20 years.
Since then, the ratio has followed my script. Today, it’s down to 73. While gold prices have risen about 4%, silver prices have popped more than 17% – from less than $15 per ounce to near $17.50. And history suggests silver will continue to outperform its more expensive cousin…
Since 1990, the average gold-to-silver ratio is 66. With gold trading around $1,290 an ounce, that would put silver at around $19.55 an…