$2509.65 All Time High Gold Price As Of Friday August 16th, 2024

FWIW, the U.S. Coinage Act of 1792 fixed the gold-to-silver price ratio at 15:1. Current ratio in the mid-80s:1 is below the 2020 record of close to 115:1.

Agree the ratio is likely an outdated tool. Central banks buy and sell tonnage of gold as they consider it another form of money.
The same cannot be said of silver. They may trade in similar context but they are different in the eyes of those who buy the
majority of metals.

I have much more weight in silver bullion than in gold bullion but seems like silver just hovers around the same average price.
I have been expecting silver to take off for some time now and I have my finger on the button to sell...
when I do it will go to $68 ounce. There's a guaranteed tip for anyone looking to buy silver

I'll stick to my old advice when I was in the investment business: don't hold more than 5% of your wealth in non income-producing assets.

In the past I think financial advisors have recommended a 5%-10% allocation of investments in gold/silver. Gold/silver don't pay interest or dividends. But to me gold/silver are to preserve wealth in case of long stock market crashes like the great depression and high inflation where the value of the dollar shrinks. Those who have been buying gold the last ten years or more have seen it's spot price rise significantly. Silver hasn't done as well but it's spot price has gradually risen since it's brief all time highs. I think silver spot price is manipulated by the big bank traders, driving spot prices up/down for profit. J P Morgan was fined hundreds of millions several years ago, several of it's traders went to jail for spoofing the silver market.

I'm partially repeating myself from my prior post....most stock market crashes have rebounded nicely and didn't take too long. It took stocks about 25 years to rebound after the 1929 crash. That and the unsustainable national debt, shrinking dollar has motivated some to increase their gold/silver holdings above 10%. In the past when banks failed the Fed bailed them out. But the Dodd-Frank law allows the Fed the option to do a bail-in which means people might not get their savings back, but would be issued a share of what's left of bank assets. It's complicated, I don't understand it very well. The FDIC has only about $125 billion covering $10 trillion in deposits. If there's a major recession or run on the banks in my opinion the Fed would still do bailouts, just borrow more money to cover losses. This would cause more inflation making the purchasing power of dollars even less. The last few years the world Central Banks have been buying a lot of gold. Maybe it's not such a bad idea for people to buy some too.

There may be some YouTube channels, doom/gloom, saying sell all your investments, put it all in gold/silver. This is foolish, the old "don't put all your eggs in one basket" applies.

I will play devil's advocate. While it may be a good time to sell gold based on the all-time high, let me ask you this - do central banks and governments buy collectible coins or do they acquire physical gold? Another question - if in a pinch what's easier to liquidate - gold/silver as a commodity or collectible coins that don't have the same ease of liquidation? It depends on each person's individual situations, but I would rather have something that is relatively easy to liquidate in an emergency (or could potentially be used in a bartering situation if SHTF happens).