#Gold in near terms is getting cheaper relatives to industrial metals, including #Platinum group metals & #Silver. Production crunch & impending demands in construction, automotive, info-tech, clean energy etc. are causing these metals prices to further outstretch against #Gold.
For the past year, #Silver and #Platinum prices have dislodged from #Gold. The formal plays more significantly in industrial uses, driven by innovations and clean energy. Follow behind - copper, nickle, cobalt and lithium. Gold, in this new era, a game on it’s own...
On 02 Jul ‘20, #Gold was $1767.20, #Silver was $17.90 and #Platinum $805. Today, Gold is at $1735.60, Silver $26.80 and Platinum $1191. Silver and Platinum gain nearly 50% during this period, while Gold lies flat. Gold is a bargain relatively.
Gold-to-Platinum Ratio reached 2.45 in Mar ‘20, and it’s currently below 1.40. Equalisation continues... #Platinum performance against #Gold may overshoot well below par due to scarcity.
#Gold is losing its shine against precious metal counterparts #Silver and #Platinum, and #Bitcoin. Gold’s pendulum is lagging in comparison, therefore stable and heavenly. When other assets flop, #Gold will shine...
GSR between 40-65 is at neutral ground. Gold spread is always much lower than Silver, Gold is considerably good buy at this range. I’m afraid there isn’t much physical Gold when GSR is below 40. Gold buying window just opens, it will close soon when Silver & Bitcoin prices peak.
This is the perfect time to buy #Gold. If Gold-to-Silver ratio and Gold-to-Platinum Ratio continue to drop, sell all your #Silver and #Platinum to buy #Gold.