You are here

Marshall Gittler: The longest record broken -- gold/silver ratio hits highest in 5,000 years

Section: Daily Dispatches

3:32p ET Tuesday, March 17, 2020

Dear Friend of GATA and Gold:

Marshall Gittler of currency trading house BDSwiss, who was quoted today by about the extraordinary widening of the gold-silver ratio, elaborates on the issue in an essay at

Gittler writes that he cannot discover exactly what has driven the ratio to this extreme, but speculates that it may forecast "a tremendous deflationary period ahead."

... Dispatch continues below ...


Buy, Sell, or Store Precious Metals with Money Metals Exchange

Money Metals Exchange, a national bullion dealer recently voted "Best in the USA" by a worldwide ratings group --

-- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals.

Shop online with Money Metals Exchange here --

-- or by calling 1-800-800-1865.

Meanwhile, Money Metals Depository will store your precious metals in a segregated account at low cost:

He adds: "One other point that may be connected. I'm not sure how accurately the price of gold that I see on my screen reflects the actual demand. The gold market seems split at the moment. While the price is falling, meaning there are more sellers than buyers, everything I read on Twitter is that physical gold is nearly unobtainable. Many banks and refiners have run out of inventory. Apparently there has been a surge in retail demand for gold coins and bars at the same time as the price has been falling.

"It seems that the 'paper' market, the futures and exchange-traded funds, is determining the price and does not reflect the heightened demand on the street for hard metal during this time of insecurity. In that case, gold prices could be even higher and the ratio even higher than what we see."

Maybe the trading desk at JPMorganChase & Co. could offer an explanation of the gold-silver ratio when the bank's people finish being interviewed by the Justice Department about "spoofing." Maybe the guys at the Treasury Department's Exchange Stabilization Fund could offer some insight as well.

Gittler's commentary is headlined "The Longest Record Broken: Gold/Silver Ratio Hits Highest in Over 5,000 Years" and it's posted at Nasdag here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

Buyers can compose their case by choosing as many as four varietals from the list here:

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: