I’m a jeweler. In fact, I’m a third-generation jeweler. I learned about jewelry design, manufacture, and sale from my father and my great grandfather. I was working in the jewelry industry from the very beginning. Apart from teenage rebellion for a few months, there is no time in my life when I’m not involved in jewelry. And that means I buy a whole lot of gold. I buy other precious metals, sure. Gold is the most common, though. I buy thousands of dollars’ worth every single week.
I’m a jeweler. I do everything I can to use the gold and other materials I buy for new jewelry. It’s always less impactful to the environment to use recycled gold and I think it’s the right thing to do. For me, because of my profession, gold is a raw material and not an investment. However, it’s very common for people to use gold as part of an investment portfolio. Because I’m highly involved in the world of gold and because I buy a great deal of gold, people often come to me for information and advice.
So, first of all, let’s make my lawyers happy. I need to tell you that I’m not an investment advisor. Any decisions you make about your investments should come after seeking the advice of an expert who can talk about how any particular investment might fit into an overall strategy. I’m just providing my thoughts and ideas because people ask me about this sort of thing quite a lot.
The gold-to-silver ratio is the price of gold compared to the price of silver. It is calculated by the price of gold per ounce by the price of silver per ounce. The ration tells us how many ounces of silver are needed to buy one ounce of gold. So, if gold was $1000 per ounce and silver was $50 per ounce, the ratio would be twenty.
Gold is selling as of the December 2024, for about $2,660. Silver’s spot price is $30. So, the current gold-to-silver ratio is 76. In other word, it takes seventy-six ounces of silver to buy one ounce of gold. Why is this important. Well, the gold-to-silver ratio is used by investors and traders to determine if it makes sense to buy or sell gold or silver. A bigger ratio suggests that silver is undervalued and a smaller ratio suggests that gold is undervalued.
Typically, the ratio is between 50 and 70. It has varied widely, though. There are many who would suggest that the current ration means you should sell your gold and put your money in a different investment. That’s a decision to take up with your investment advisor.
If you have some broken jewelry or other items you would like to exchange for cash, that’s something you can take up with me. If you want to sell gold in San Diego, give me a call.
You’ll be glad you did.
Here’s something else to think about:
Comentarios