Silver up more than gold in 2016

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

truthingold.com / April 20, 2016

Lately, silver has been on a hot streak — up 22% so far this year — making it one of the best investments of 2016. The rally has outshone gold’s 18% gain so far this year.

On Tuesday, silver shot up 4.5% to its highest level in 11 months.

The price of silver has always been just a fraction of gold’s, but precious metal experts have pointed out for weeks — if not months — that silver has been trading a real bargain.

“The silver price looked very cheap,” says Dan Denbow, who manages the USAA Precious Metals and Minerals Fund.

Investors watch the price differential between gold and silver closely. Typically, gold trades at a 60 to 1 ratio above silver. Recently, it was really out of whack, with the ratio climbing over 80 to 1.

The silver spike Tuesday is helping correct that gap somewhat — call it the “silver catch up rally” — but there’s still a ways to go.

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Thanks to BrotherJohnF