Two Decades of Rotating Between Gold and Silver

In this appearance on And We Know, Dr. Kirk Elliott puts a down week in silver in context, describing the pullback as a reaction to the news cycle rather than a change in fundamentals. He traces his own allocation history between the two metals, gold from 2002 to 2007, silver from 2007 to 2011, gold from 2011 to 2020, and silver since, and explains that the silver-to-gold ratio drives those decisions: the 20-year average sits near 70 ounces of silver to one ounce of gold, the ratio reached about 100 to 1 in recent years, and it compressed to roughly 30 to 1 in 2011. He expects it to compress again, with both metals rising and silver rising faster, pointing to limited supply against industrial demand from AI hardware and solar. He also covers central bank gold buying, the Dutch decision to move gold out of New York, China's growing network of depositories, and the Treasury's tripling of its daily operations, and invites viewers to schedule a consultation with the KEPM team.