So far in 2016, the SGR has averaged 79.5. In other words, it takes 79.5 ounces of silver to equal the value of a single ounce of gold. Since gold is silver’s dominant driver, these metals’ prices have always been closely related. The SGR quantifies this critical relationship, and is actually an outstanding trading tool. It reveals when silver is undervalued or overvalued relative to gold, ideal times to buy low and sell high. Read article

Chinese has a program ‘Storing gold by the people’, but don’t want you to know.

Rumours about this had been running for a number of years. We already knew China wanted the build the ‘largest gold reserves, in the shortest possible time’. But now we know ‘storing gold by the people’ is part of their strategy. Proof of this we found on the website the People’s Bank of China in an China GOLD – interesting Q&A

http://www.theepochtimes.com/n3/1978487-chinas-global-gold-strategy/2/

In inflation adjusted terms the Gold price is nearly as low as it was in 1970!

Gold has now recorded its second-longest bear market in modern history.

http://www.australian-gold.com/gold-news.html

Physical delivery from the Shanghai Gold Exchange reached a record 2,596 tonnes, representing more than 90% of total global output for the entire year.