Gold / Silver ratio revisited

[BigJim#1-8]

Over 97/1 as of this post.
https://goldprice.org/gold-silver-ratio.html

 

[savvydon]

97.28 this evening in Asian trading as gold flirts with $1700.

We going to see 100:1 with maybe gold at 1800 silver at 18?

 

[Uglytruth]

How can one N O T buy?

 

[the_shootist]

 

[Krag]

The hedge funds like Bridgewater and Paul Tudor Jones like gold; silver is a lot less sexy.

Has anyone seen the Egyptian ancient gold exhibits with gems at the MET museum? You can't beat that for art; but how many slaves were involved in building those dumb pyramids?

 

[savvydon]

I just saw a GSR of 98 on the kitco ticker. Strap in, people - we are getting close to 100!

 

[savvydon]

We are over 99 now with a silver led beat down in progress. C’mon big one!

 

[engineear]

Has it been 100 2 1 before?

 

[savvydon]

Briefly almost 30 years ago. Hit about 101 then. We are in rarified air here. Lots of stresses in multiple markets simultaneously.

 

[savvydon]

We just went over 100:1

 

[Zed]

GSR crosses 100! Ding Ding.... A top?

 

[Zed]

Briefly almost 30 years ago. Hit about 101 then. We are in rarified air here. Lots of stresses in multiple markets simultaneously.

100.343?!

 

[the_shootist]

The only thing I feel certain about is this is unsustainable. Where we go from here is anyone's guess

 

[JayDubya]

Is anybody here following the GSR rule?
Anybody actually trading an ounce of gold for 100 ounces of silver?

.....crickets

 

[savvydon]

Is anybody here following the GSR rule?
Anybody actually trading an ounce of gold for 100 ounces of silver?

.....crickets

The reality is that dealers have to make a living. Getting 100 oz of silver right now for an ounce of gold would be pretty tough. However, getting about 90 ounces would be pretty easy to accomplish.

 

[Bman33]

The reality is that dealers have to make a living. Getting 100 oz of silver right now for an ounce of gold would be pretty tough. However, getting about 90 ounces would be pretty easy to accomplish.

what kind of silver and what kind of gold on the trade? Gold Eagle for Silver Eagles, etc?

 

[savvydon]

what kind of silver and what kind of gold on the trade? Gold Eagle for Silver Eagles, etc?

You can do that if you want or just trade bars for bars. Whatever works for you.

 

[Bman33]

You can do that if you want or just trade bars for bars. Whatever works for you.

I would get more silver trading for rounds with the gold Eagle. Due to higher premiums that’s how it works out.

 

[savvydon]

I would get more silver trading for rounds with the gold Eagle. Due to higher premiums that’s how it works out.

Correct. On the other hand you will get less premium back if/when you sell. Pretty much personal preference.

 

[JayDubya]

Im just asking if anyone is doing it? There were plenty around here sounding off about the trading they had done when the GSR was moving towards 30 to 1. I'm just trying to see if anyone plays both sides like you're "supposed" to.

 

[savvydon]

Im just asking if anyone is doing it? There were plenty around here sounding off about the trading they had done when the GSR was moving towards 30 to 1. I'm just trying to see if anyone plays both sides like you're "supposed" to.

I do it in a non linear fashion. Recently I have sold gold and bought silver. It is not a direct trade but it has the effect of playing the ratio just the same.

Unfortunately I lost all of it in a recent boating accident.

 

[Zed]

Silver is used in many "just in time" production lines. It's not typically stock piled. If the lines grind to a halt and silver doesn't see the investment demand take the slack we could see better than 100:1.

Mid to long term supply is mostly recycle and byproduct so if the broader market for zinc etc falls out of bed and the market slows then supply will dry up quite a bit as well.

This is what could drive a spike and drop in the GSR.

 

[Zed]

GSR Standard Dev is closer to trending mode here than it is to an extreme. 2c FWIW.

 

[savvydon]

GSR Standard Dev is closer to trending mode here than it is to an extreme. 2c FWIW.

Epic and historic chit - just like all the other market gyrations we are seeing at the moment.

 

[Zed]

Epic and historic chit - just like all the other market gyrations we are seeing at the moment.

... and I think that the DJ has just hit us with the warm up tracks.

 

[BigJim#1-8]

99.41/1 with $1500 Au & $15.00 Ag in sight.....

 

[savvydon]

Meanwhile, as we approach 100:1 GSR again, the gold to platinum ratio is on the verge of hitting 2:1 for the first time. This is epic stuff for sure.

 

[Bman33]

Meanwhile, as we approach 100:1 GSR again, the gold to platinum ratio is on the verge of hitting 2:1 for the first time. This is epic stuff for sure.

platinum could be a bargain right now. A few weeks ago I traded 57 ounces of Silver for one Platinum Eagle. I’ll consider buying now. If we get to 1500 Gold and 15.00 silver I’ll be throwing down on the silver with trades and cash purchases.

 

[engineear]

Reached 100 a few minutes ago...now, where does it go?

 

[the_shootist]

I'm starting to look at gold again!

 

[BigJim#1-8]

100.22/1 as of this post. Wild.
https://goldprice.org/gold-silver-ratio.html

 

[Zed]

Reached 100 a few minutes ago...now, where does it go?

Chart say's 102 to 109... it's a little ambiguous given the pattern.

 

[Zed]

Re the Fed buying stocks...

Can it happen, yes, but opening up and changing the reserve act is risky business.

https://twitter.com/i/web/status/1238116615960563717

 

[smooth]

Re the Fed buying stocks...

Can it happen, yes, but opening up and changing the reserve act is risky business.

https://twitter.com/i/web/status/1238116615960563717

Talk about danger!!

 

[savvydon]

It is over 101 this morning. If you can keep the premium low silver is screaming buy right now.

 

[the_shootist]

It is over 101 this morning. If you can keep the premium low silver is screaming buy right now.

The new 'normal'

 

[Bman33]

Anyone ever use Monex for buying? I ask because they have good deals on Silver Eagles. I wanted to know if they were legit.

 

[the_shootist]

Anyone ever use Monex for buying? I ask because they have good deals on Silver Eagles. I wanted to know if they were legit.

If you think these prices are cheap just wait a minute. Another huge drop taking place at present

 

[the_shootist]

Rut Roh! Bitcoin not immune to the carnage it would appear!

 

[BigJim#1-8]

104+/1 as of this post.
https://goldprice.org/gold-silver-ratio.html