00:00 Brian
humor me here. Uh quick short story. Uh a couple days ago I went to get my eyes checked, needed some contacts, totally ran out. You know, just forgot that I even needed them. Uh my doctor, my eye doctor said, Brian, I I sold my gold three or four years ago and uh I’m just out.
00:16 Brian
They don’t want to get back in, but I know I’m going to get this question from people are like, is it too late to get in? Uh how would you, if you were not investing in gold or silver right now, how what is a rational way to go about it?
00:27 Speaker B
Well, three things to answer that question. First and foremost, he sold his gold, you know, he might have held the precious metal. ETFs are a perfect way to play this.
00:34 Speaker B
And certainly, expect some pullback in both gold and silver and use that as a buying opportunity. So the gold silver ratio, which is about a thousand years old, um is a a a ratio of of gold to silver that sits somewhere between 50 and 80, right?
00:51 Speaker B
And and uh silver was out of whack. That’s why we had the explosive move. Now, the gold silver ratio is above 90, so silver’s probably gotten ahead of itself and that may be one of the precious metals that has a first pullback.
01:03 Speaker B
I think the fundamental drivers are still here, but I would use pullbacks as an entry point, and I would certainly use ETFs. You don’t need to buy the precious metal and store it in your basement in a safe.
