So gold is around 1199 and change today. 1200 is a nice round number.
The 1180's were the lows for quite some time now.
If we see 1170's, I would anticipate giving up 1100 shortly thereafter (like within a month or two).
Me, I am not buying any gold right now unless it were something special. I like graded and certified gold in low MS state for just above melt. I do cap those purchases at melt plus 25% though so I don't stray too hard into a less than liquid coin.
GSR (Gold to Silver Ratio) is sitting at 73.7 ounces of silver for one ounce of gold.
You basically never see the 80's in this ratio and when you do it is a great time to swap out gold for silver. Me, I won't be doing that at all. I would swap into gold and just hold gold. Gold is wealth. Silver is currency. At least they used to be before money literally started growing on trees.
To me you don't swap when the GSR gets high, you just stop buying gold and double down on silver. When the ratio gets low again, at least in the 50's or better the 40's, then swap that silver out for gold.
