by Peter Schiff, Schiff Gold:
The silver price has dipped since December, from almost $26 per ounce to around $22 today. We reported on silver being a relative bargain at the time, and with lower spot prices and an even higher gold/silver ratio today, gold’s monetary sibling is looking like an even more attractive buy than it was late last year.
The gold/silver ratio refers to how many ounces of silver would buy a single ounce of gold, and at one point, the number was fixed by law. A lot has changed since then, with gold no longer backing the US dollar, and a whole array of precious metals-linked financial products like futures and ETFs adding to the complexity of the market.
Where’s the binder? That’s the burning question echoing through the swampy marshes of DC, and it’s been hanging in the air for some time. Rumor has it, this binder is packed with the real story behind the Russia Hoax—a narrative that deviates sharply from the widely reported “tip” originating from our Australian pals. Insiders suggest this saga didn’t kick off on some whim but was a coordinated effort by the CIA, Obama, and the FBI. CNN, of course, spins it as a dossier uncovering Russia’s plot to meddle in elections. Yet, the buzz among those in the know hints it’s more about how the US played its own hand in the 2020 election meddling saga.
