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Gold / Silver ratio revisited

<SLV>

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1584376823245.png
 

<SLV>

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Silver is an industrial metal. Industry is collapsing. Gold is money. Countries have gold reserves, not silver reserves.
 

the_shootist

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Silver is an industrial metal. Industry is collapsing. Gold is money. Countries have gold reserves, not silver reserves.
I'm not sure I agree. Silver has always been use as money down through history. Yes, we hear about all the gold governments hold but how do we know governments don't have a stash of silver reserves too?
 
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the_shootist

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Silver is a really good bargain today.

$12.59

I'm going to order a couple kilo bars before it jumps back up.
Where can you get it at that price?
 

the_shootist

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JM Bullion sells 1kg bars for $488.

($13.94/oz)
That's not 12.59, that's 13.94. I learned that in college :)


Edit: All kilo silver bars show OOS at JMBullion

kilo silver bars.png
 
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the_shootist

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What a crazy time in the metals market. I never thought a GSR of 116 would happen.
If you think that's high, wait a minute
 

the_shootist

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GSR is currently 116:1. Silver is the hot metal to buy.

I learned that on goldismoney2.com

:gracious:
Touche my man....

I buy gold an ounce here and an ounce there because when the calamity really hits, gold will be king. That being said I've been stocking up on silver too this weekend
 
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bb28

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Nice move.. I really want some of these. Told the guy buying my truck cash only so hopefully can jump on 100 later today if they aren't gone
It looks like pinehurstcoins.com is still selling, however the price jumped from $15/each to a little over $21 since this morning. It's a good thing I ordered some while I was half-awake.

bb
 

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Guy at work called the local coin shop looking for silver. Guy answered and stated in direct terms. Don't have anything and when I do it's going to be at least $19 an oz.

Well must be running dry.................
 

smooth

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$12.44 Silbur......... I bet my guy wont even answer the phone
 

the_shootist

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Guy at work called the local coin shop looking for silver. Guy answered and stated in direct terms. Don't have anything and when I do it's going to be at least $19 an oz.

Well must be running dry.................
This indicates to me that paper has, at some level, disengaged from physical.
 

the_shootist

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Paper silver and physical silver have completely decoupled. $7 an ounce premiums on 90% junk silver coins? I pity the suckers who were afraid to "catch a falling knife". When silver was $18 you could buy it cheaper than you can now.
 

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For your consideration:
 

Unca Walt

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GSR is currently 116:1. Silver is the hot metal to buy.

I learned that on goldismoney2.com

:gracious:
Now the GSR is 119:1

Pilgrims... if there is even one of you here that do not recognize the never-before-in-human-history numbers as being one huge fargin opportunity...

Tell me why. Will that rubber band contract one-way, or two ways? Hm? Gold can go down to where the ONE HUNDRED number is erased, with just the 19:1 number left.

We are all undergoing "future shock" <-- where the ridiculous becomes commonplace.

That 19:1 number is (*yawn*) very close to the fargin world standard for the last 2000+ years.

Lookit:
"The gold-silver ratio is the oldest continuously tracked exchange rate in history."

"For hundreds of years prior to that time, the ratio, often set by governments for purposes of monetary stability, was fairly steady, ranging between 12:1 and 15:1. The Roman Empire officially set the ratio at 12:1, and the U.S. government fixed the ratio at 15:1 with the Mint Act of 1792."

"For the whole of the 20th century, the average gold-silver ratio was 47:1."

The lowest level for the ratio [this century] was 32:1 in 2011.

The ratio is nearly four times higher for this century, and TEN times -- an order of magnitude -- higher than thousands of years of history.
 
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Time to back up the truck...
 

bemac

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Paper silver and physical silver have completely decoupled. $7 an ounce premiums on 90% junk silver coins? I pity the suckers who were afraid to "catch a falling knife". When silver was $18 you could buy it cheaper than you can now.
Nope, look harder.
 

the_shootist

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Nope, look harder.
got a link? (not that I'm buying because I bought all I'm going to get for now over the last few days but there are those here who would buy while they can now)
 

bemac

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got a link? (not that I'm buying because I bought all I'm going to get for now over the last few days but there are those here who would buy while they can now)
I dunno, deals are really tight, I've put some time into the hunt. Maybe tomorrow, I'm still deciding on pulling a trigger.
 

the_shootist

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I dunno, deals are really tight, I've put some time into the hunt. Maybe tomorrow, I'm still deciding on pulling a trigger.
Many here are putting lots of time in the hunt but the finds are dwindling towards zero. Many here are making that point and still being challenged telling them the deals are out there. No deals of any kind have been pasted for a while now. I believe that alone is telling in of itself how the product has dried up over the last 24 hours
 

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Nope, look harder.
Look where?? Where can I back up my truck and buy real silver? You tell me. Dealers are demanding more than $7 over "spot".
 

bemac

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That's more than $4 over spot and likely sold out shortly.
Yeah deals are tight but spreads are wiiiiiide.
 

the_shootist

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That's more than $4 over spot and likely sold out shortly.
Yeah deals are tight but spreads are wiiiiiide.
I've never paid a $4 premium for a silver round in my life. That's not a deal
 

smooth

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$12.44 Silbur......... I bet my guy wont even answer the phone
Made the call, He's asking $4 over for gens, and $5 over for Eagles. He's generally pretty reasonable. It iswhat it is.
 

hoarder

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If that isn't decoupling, nothing is. The "spot" price is the paper price, nothing else.
 

stonedywankanobe

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Give it a week or so. Tax returns wads will have been blown on Ag, food and tp and premiums will normalize.

Would not be surprised if we kick rocks at these levels for long enough that even the hard corp stackers say feck it all and move to greener pastures.
 

bemac

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Might be best to wait for the physical market to calm down a bit. My guess is premiums will drop quicker than spot rises.
 

Zed

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Silver is an industrial metal. Industry is collapsing. Gold is money. Countries have gold reserves, not silver reserves.
Which is why physical silver products are sold out across the country.

Yeah no, this is a paper market event.

Nothing to do with money.

Silvers supply is byproduct and recycle mostly which is also collapsing along with industrial demand.

Keep a level head.

Silver is also money, whatever the 100% gold heads think.