May 11, 2022 At today's market prices, an ounce of Gold is trading at 86 times the price of an ounce of Silver. That's the highest Gold to Silver ratio since mid-2020, and still much higher than the "traditional" ratio of 60 to 1. - - - - - July 18, 2022 At today's market prices, one ounce of Gold is trading at 91.4 times the price of one ounce of Silver. Historically speaking, a very high Gold to Silver ratio.
Showing posts from May, 2022
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By Mike Mouret Factors That Affect The Price Of Precious Metals What factors affect the price of the Precious Metals? Gold and Silver market values fluctuate all throughout the day and night, trading worldwide nearly 24 hours a day now. Many economic and political factors influence the physical Gold and Silver market price, known as the SPOT price. Some of the most notable factors include: current and long-term interest rates, the current rate of inflation, Gold & Silver's physical supply and the physical demand for them, speculator/investor purchases and sales, the current value of the US Dollar as a currency, large metals transactions made by Central Banks around the world, and of course, unforeseen events that can rapidly reshape whole economies. The Fed's Monetary Policies. The Federal Reserve is a privately-owned group of banks that controls the U.S. supply of money in the market to keep the economy growing at a pre-selected rate, or contracting when necess
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Great news for Tennessee buyers of precious metals, the Tennessee House and Senate have passed a recently resurrected and amended Bill to allow a Sales Tax Exemption on coins and precious metals. Governor Lee signed the Act on May 27, and the it took effect immediately upon his signature. Here's what the Bill looks like A big THANK YOU to Rep. Bud Hulsey and Sen. Frank Nicely, the bill's intial Sponsors. Both of these men have been supporting our fight for an exemption for the last 15 years. Additional thanks to these bill co-sponsors: Senators Sutherland, Crowe, Bowling, Lundberg, Rose, Stevens, Walley and Watson AND Representatives Lamberth, Weaver, Gant, Sherrell, White, Crawford, Hazlewood, Ragan, Eldridge, Lafferty, Hawk, Terry, Jerry Sexton, Grills, Vital, Zachary, Doggett, Powers, Todd, Haston, Cepicky, Jernigan and Tim Hicks