SILVER $70.00

My silver 5 year / 1 Week Chart!
Silver will rise to the resistance line at $35
If it breaks it resistance line at $35
The next resistance trendline is around $37.50
If it breaks the resistance trendline around $37.50
It could blast around $70.00 lol
I am making monthly videos on YouTube
I called this move 2 months ago!
I forgot to upload my idea on tradingview :(
Tradingview blocked my last silver idea 6 days ago for putting my youtube links! lol

Catatan

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In Coming Gold to Silver Ratio 40-1

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STACKERS! DCA! Dollar Cost Average!

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Trade aktif

On our way to $70 :)

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Silver is almost there! $70

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$55
Back up the truck! lol

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My macro view for Gold is around $10,000 and Silver around $500 that is a 20-1 ratio, Remember the natural GSR in the earth's crust is around 19-1, and the mining GSR is around 8-1, So I like stacking silver right now! DCA and HODL! 😁

Catatan

Historical Context of the Gold to Silver Ratio in the USA
Yes, the U.S. government did establish a Gold to Silver Ratio (GSR) of 15:1 during certain periods in history, particularly in the context of bi-metalism.

Key Points
Bimetallism Era:
In the 19th century, particularly with the Coinage Act of 1792, the U.S. effectively set a valuation where 15 ounces of silver were equivalent to 1 ounce of gold. This established a fixed ratio based on government policy.
Government Policy:
This 15:1 ratio influenced monetary policy and the currency system, as both metals were used in coinage.
The ratio remained relevant through various legislative changes, adjusting as the value and production levels of silver and gold fluctuated.
Impact on Economy:
The government’s fixed ratio led to economic implications, influencing inflation, interest rates, and trade.
Conclusion
The U.S. government did set a GSR of 15:1 historically, particularly during its bi-metallic monetary system. This reflects the fixed valuation aimed at stabilizing currency with both gold and silver but was later abandoned as the monetary system evolved towards a gold standard.

Trading ditutup: target tercapai

Hit my target! $70 Silver! lol

JCTRUTHER

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JCTRUTHER

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