LTC / BTC and SILVER / GOLD ratio 'fun'
All Time High
$375.29 USD
(Dec 19, 2017)
What am I talking about? Well I have been yammering on about this for a while. LTC yah yah..
I just wanted to say I'm very impressed with it's performance. I remember good old Charlie selling off a bit of his at or near the height of last performance. Is LTC digital silver? Well it seems to be acting better than the likes of silver.
Silver / gold Ratio:
Are the old ways permanently disconnected, or do they become connected through a new paradigm (system).
https://www.ccn.com/3-reasons-why-silver-price-can-beat-gold-in-2020/
I thought the above was fake news as I had to read closer. And I like how it starts off as this is an opinion. Cancelled!
Anyways "JP Morgan’s Rigging Days are Going to End Soon", which I find hard to believe.
This is interesting:
1:72 This means it would take 72 ounces of silver to buy an ounce of gold.
Imagine the new paradigm is BTC / LTC
1:204
Nothing acts the way it should, and I think it's too early to compare LTC as Silver and BTC to GOLD. The monetary metals have been around for 1000's of years. BTC about 11 years. It's a fun experiment and to be honest LTC is worse in terms of ratio. Again not investment advice, but when a 'commodity' is underpriced it's actually a good bet.
https://www.investopedia.com/articles/investing/080316/historical-guide-goldsilver-ratio.asp
The ratio has historically been 1:50
"The most common method of trading the ratio is that of hedging a long position in one metal with a short position in the other."
Could this serve true in the future when it comes to LTC / BTC? Or is it just apples to oranges.
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