Gold vs Silver

Anyone else following this?

You mean the ratio?  It’s always been volatile and is currently well within historical norms, but betting on an increase right now is probably a very solid bet as high risk derivatives investing goes.

If you are looking for some more meaning is the spike, it probably isn’t there.  Don’t get fooled by randomness.

Silver comes out of the ground at a 8 to 1 rato. Right now the paper price is about 90 to 1. It is close to being unprofitable for some mines to dig it out of the ground right now. Over 60% of silver is a byproduct of zinc, copper,lead,and gold mining.  Silver gets consumed in electronics, solar panels, E.V.'S,Water filters,ect. The silver market is probably the most manulated in history. If you invest, remember..if you don't Hold it you don't own it.  Will the price go down from here? Maybe. Will it get harder to get? Yes.   Back to your question... Gold vs Silver?   The answer is...YES. you should own both.

I am always amazed at how a little piece of metal (1 oz) can have value that swings all over the universe. One minute the value is through the roof, the next minute it is through the floor, and it is still the same little piece of metal.

It’s always been volatile and is currently well within historical norms ...

No, the gold/silver ratio is not within historical norms. The historical norm has gold 11 to 15 times the price of silver. The current ratio is 94 times the cost of silver, hence the ratio generating attention.

https://www.zerohedge.com/commodities/goldsilver-ratio-highest-1990s-recession

No, the gold/silver ratio is not within historical norms. The historical norm has gold 11 to 15 times the price of silver. The current ratio is 94 times the cost of silver, hence the ratio generating attention.

It was only 11-15 when it wasn't allowed to float.  The zero hedge article actually explains that pretty well.  A look at the graph shows it within historical norms, especially historical norms entering a recession.  Note each time we go through the cycle (since float) the ratio gets nominally larger.  So either silver is too abundant for industrial conditions (ie. a cheaper substitute is available) or gold is overpriced.  Or maybe both.

Like I said, if you want to play in highly volatile derivative markets then go long on the ratio.  It's probably a good investment, especially considering that tptb are actively trying to convince people that we are not in a recession going so far as to change the definition of what is a recession. 

Of course ymmv and you could lose your shirt.

But this isn't unprecedented, and its within what I'd expect to see.  But, if I was long on gold like the Russians at zero hedge I'd be trying to convince people to buy it too.  Gotta pump it to dump it so you can buy that London real estate to stay out of rubles and avoid losing all your wealth because Putin is burning it all down.  Doesn't make it wrong, but you do have to consider the source.

If you’re looking for a hard asset to save your hard earned $ in, I’d highly suggest learning about bitcoin.

Happy to educate and debate!


(Not financial advise)
-Mike, IAR

Gold up 2% silver up 6.6% today.

Gold up 2% silver up 6.6% today.

That’s a response to the fed in reading rates by 0.75% and the GRP numbers proving the recession both coming out yesterday.

Anyone else following this?

Just started stacking last September 2021 and progressing well. Have learnt a lot and will share later.
But here's an input from known stacker:
------
Milo Holznagel, [7/28/2022 7:51 AM]
According to research.
Calculations are not mine.
Three top percentages of privately held silver, worldwide. (People like all of us here). No corporate or banks, etc, are included.
Rankings.
To be in the top 20%
41 to 54 oz
Top 5%
132 to 176 oz
Top 1%
406 to 541 oz

So if you own at least any of those amounts of Silver bullion, and this was only figured on bullion, you are doing quite well when it comes to silver and the worldwide privately held asset!!!

Silver and gold is money. And it has been for 5000 years. The fiat dollar ,has been around since 1971. Both  are worth what people" believe"what they are worth. What backs the dollar?  Only debt. With a promise to create even more debt. I am betting that gold and silver will be around long after the dollar is nothing but a bad memory.

If you’re looking for a hard asset to save your hard earned $ in, I’d highly suggest learning about bitcoin.

Happy to educate and debate!


(Not financial advise)
-Mike, IAR

Crypto tanked …. Hard. But where did all that money go? Hmmmm

If you’re looking for a hard asset to save your hard earned $ in, I’d highly suggest learning about bitcoin.

Happy to educate and debate!


(Not financial advise)
-Mike, IAR

Please educate me. I'd honestly like to be convinced, but I can't see it.

Btw, I worked as a cryptanalyst (as in "breaking ciphers", not "one who analyzes cryptocurrencies") for 7+ years and have written a textbook that includes hundreds of pages on cryptography basics, including a section on blockchain and cryptocurrency, so I'd like to think that I understand the technology pretty well. On top of that, I'm philosophically inclined to agree that the dollar has been manipulated and mismanaged for pretty much my whole life. Yet, I still can't get on board the cryptocurrency train. It probably doesn't help that I share an office with a guy who has a good technical background, and worked for a couple years at a cryptocurrency startup, and he's even more skeptical than me...

If you’re looking for a hard asset to save your hard earned $ in, I’d highly suggest learning about bitcoin.

Happy to educate and debate!


(Not financial advise)
-Mike, IAR

"HARD ASSET".... lmao...

Just started stacking last September 2021 and progressing well. Have learnt a lot and will share later.
But here's an input from known stacker:
------
Milo Holznagel, [7/28/2022 7:51 AM]
According to research.
Calculations are not mine.
Three top percentages of privately held silver, worldwide. (People like all of us here). No corporate or banks, etc, are included.
Rankings.
To be in the top 20%
41 to 54 oz
Top 5%
132 to 176 oz
Top 1%
406 to 541 oz

So if you own at least any of those amounts of Silver bullion, and this was only figured on bullion, you are doing quite well when it comes to silver and the worldwide privately held asset!!!

Just stumbled across this thread!  Another degen metal stacker here.  .   Let me know if you ever want to trade any coins or metals!