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?
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.
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.
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.
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.
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.
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.