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Gold-Silver Ratio 2022 Edition

BigJim#1-8

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Interesting Ratio. JM Bullion
1 Oz GAE $1955.00
1 OZ SAE $35.50
Ratio 55/1
My personal calculation. Again my opinion.
GAE $1950.00
SAE $31.00
Ratio 62.9/1
 
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Goldbrix

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Interesting Ratio. JM Bullion
1 Oz GAE $1955.00
1 OZ SAE $35.50
Ratio 55/1
My personal calculation. Again my opinion.
GAE $1950.00
SAE $31.00
Ratio 62.9/1
Remember this "Record" and figures should have begun with the words "Once Upon A Time, In a Land Far, Far Away"....
And your observations prove it BigJim#1-8.
My belief is once the Hunt Bros. got involved with their attempt to control silver pricing .Gov gave COMEX , JPM a blessing to "Run the Market for the sake of the USD.
Not to take all the blame the LBMA and its members - Scotia-Mercotta, Barclays Capital, Deutsche Bank, HSBC, and Societe Generale were brought in to give the scheme an international "Fair Market" appearance.
ALL HAVE BEEN INVOLVED IN MARKET MANIPULATION AND PAID FINES AT ONE TIME OR ANOTHER. SOME MULTIPLE TIMES. ( bfd)

A Little History
The first fixing took place on 12 September 1919 amongst the five principal gold bullion traders and refiners of the day: N M Rothschild & Sons, Mocatta & Goldsmid, Pixley & Abell, Samuel Montagu & Co. and Sharps Wilkins. The gold price then was four pounds 18 shillings and ninepence (GBP 4.9375) per troy ounce. Gold prices are fixed in United States dollars (USD), Pound sterling (GBP) and European Euros (EUR).

On 21 January 1980 the Gold Fixing reached the price of $850, a figure not overtaken until 3 January 2008 when a new record of $865.35 per troy ounce was set in the a.m. Fixing. [1] However, when indexed for inflation, the 1980 high would equate to a price of $2398.21 in 2007 dollars, thus the 1980 record still holds in real terms.

The Fixing historically took place twice daily at the City offices of N M Rothschild & Sons in St Swithin's Lane, but since 5 May 2004 it takes place by telephone. In April 2004 N M Rothschild & Sons announced that it planned to withdraw from gold trading and from the London Gold Fixing. Barclays Bank took its place from 7 June 2004, and the chairmanship of the meeting, formerly held permanently by Rothschilds, now rotates annually.

A tradition of the London Gold Fixing was that participants could raise a small Union Flag on their desk to pause proceedings. Under the telephone fixing system, participants can register a pause by saying the word "flag", and the chair ends the meeting with the phrase "There are no flags, and we're fixed". "As part of this change, it is intended that a web-based commentary of the Fixing will be introduced later this year", the Fixing said in a statement".


 

BigJim#1-8

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86.5/1 for the weekend. Hit 88 momentarily Friday... Have a great weekend!
 

BigJim#1-8

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87.5/1 Midday, midweek. Au under $1820, Ag under $21
 

BigJim#1-8

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Hit 89+/1 Au heading to $1700's, Ag heading to $19's Will we hit 90, 95, 100+ again??
 

Uglytruth

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Just so we know where we are.

1656606243791.png
 

BigJim#1-8

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91.4/1 Friday Am.
 

BigJim#1-8

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91.1/1 For the weekend. Have a Fantastic Fourth!!!