Gold / Silver ratio revisited

Bman33 · Mar 16, 2020

Where?

<SLV> · Mar 16, 2020

<SLV> · Mar 16, 2020

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

the_shootist · Mar 16, 2020

<SLV> said:

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?

skychief · Mar 16, 2020

Silver is a really good bargain today.

$12.59

I'm going to order a couple kilo bars before it jumps back up.

the_shootist · Mar 16, 2020

skychief said:

Where can you get it at that price?

skychief · Mar 16, 2020

JM Bullion sells 1kg bars for $488.

($13.94/oz)

the_shootist · Mar 16, 2020

skychief said:

That's not 12.59, that's 13.94. I learned that in college :)

Edit: All kilo silver bars show OOS at JMBullion

skychief · Mar 16, 2020

the_shootist said:

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

I learned that on goldismoney2.com

:gracious:

11s11ver · Mar 16, 2020

What a crazy time in the metals market. I never thought a GSR of 116 would happen.

the_shootist · Mar 16, 2020

11s11ver said:

If you think that's high, wait a minute

the_shootist · Mar 16, 2020

skychief said:

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

bb28 · Mar 16, 2020

Cigarlover said:

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

Uglytruth · Mar 16, 2020

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.................

BigJim#1-8 · Mar 16, 2020

117.3/1

smooth · Mar 17, 2020

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

the_shootist · Mar 17, 2020

Uglytruth said:

This indicates to me that paper has, at some level, disengaged from physical.

BigJim#1-8 · Mar 17, 2020

119.4/1....
https://goldprice.org/gold-silver-ratio.html

the_shootist · Mar 17, 2020

BigJim#1-8 said:

Next stop 200:1??

hoarder · Mar 17, 2020

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.

GOLDBRIX · Mar 17, 2020

For your consideration:

Unca Walt · Mar 17, 2020

skychief said:

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.

Timekeeper35 · Mar 17, 2020

Time to back up the truck...

BigJim#1-8 · Mar 17, 2020

Timekeeper35 said:

If you can find a place to back it into.

Unca Walt · Mar 17, 2020

Timekeeper35 said:

Yabbut -- I think sumbody robbed the loading dock.

BigJim#1-8 · Mar 17, 2020

121.05/1 as of this post.
https://goldprice.org/gold-silver-ratio.html

bemac · Mar 17, 2020

hoarder said:

Nope, look harder.

the_shootist · Mar 17, 2020

bemac said:

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 · Mar 17, 2020

the_shootist said:

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 · Mar 17, 2020

bemac said:

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

hoarder · Mar 17, 2020

bemac said:

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 · Mar 17, 2020

hoarder said:

It's not that bad. There are 100 oz on ebay (from major retaliers) for less than 1700.

https://www.ebay.com/sch/i.html?_fr...LH_BIN=1&rt=nc&LH_FS=0&_blrs=recall_filtering

It's not cheap, but it's not spot +7 either.

I've found much better deals, just waiting for some funds to clear before I back up my truck.

hoarder · Mar 17, 2020

bemac said:

It's not that bad. There are 100 oz on ebay (from major retaliers) for less than 1700.

https://www.ebay.com/sch/i.html?_from=R40&_trksid=m570.l1313&_nkw=100+silver+-gold+-china+-"90%"+-ngc+-pcgs+-rare+-bills+-pesos+-"face+value"+-proof+-"1/2+oz"+-kilo+-"80%"&_sacat=39482&LH_TitleDesc=0&LH_PrefLoc=3&_udlo=1250&_sop=15&_udhi=5,000&_osacat=39482&_odkw=100+silver+-gold+-china+-"90%"+-ngc+-pcgs+-rare+-bills+-pesos+-"face+value"+-proof+-"1/2+oz"+-kilo&LH_BIN=1&rt=nc&LH_FS=0&_blrs=recall_filtering

It's not cheap, but it's not spot +7 either.

I've found much better deals, just waiting for some funds to clear before I back up my truck.

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

the_shootist · Mar 17, 2020

hoarder said:

I've never paid a $4 premium for a silver round in my life. That's not a deal

Bman33 · Mar 17, 2020

the_shootist said:

yeah, I miss the good old days of a week ago when I could get them 50 cents over.

smooth · Mar 17, 2020

smooth said:

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 · Mar 17, 2020

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

stonedywankanobe · Mar 17, 2020

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 · Mar 17, 2020

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 · Mar 17, 2020

<SLV> said:

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.

Gold / Silver ratio revisited

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