Gold / Silver ratio revisited

Zed · Mar 17, 2020

That chart is in a blow-off, the only question is how far does it go. We are near a turning point. Could be getting started right now but the jury is out at the moment.

GOLDBRIX · Mar 18, 2020

Zed said:

Better to give up a '63 dime for a loaf of bread than 1/10 t.oz AGE because you have "no change", and you and your family are starving.

Unca Walt · Mar 18, 2020

GOLDBRIX said:

THERE IT IS ^^^^^^^^^^^^^^^^^^^^^^^^^^

For anyone who thinks junk silver is worthless because ____________________ <-- fill in any reason, they really need to think again just what the bloody hell HARD MONEY is.

Krugerrands, Credit Suisse bars, yada are definitely extremely valuable. But in everyday life (not car-purchasing level of transactions) you need fungible hard money.

Shock alert: "real" pennies make change.

Currently very easy to get, cheap too.

Just sayin'...

the_shootist · Mar 18, 2020

Unca Walt said:

100% agree. I've always embraced the analogy that gold is my savings account and silver is my checking account. Those who are dissing on sliver are disappointed it hasn't hit $50 oz yet so they're frustrated. This still needs to play out. Silver will not stay at its present rates for much longer. Neither will gold. I have no fancy charts to present to support that statement like the some of the people here with the big brains. I just know that what we're seeing happen right now can't be explained by charts and graphs.

Unca Walt · Mar 18, 2020

Yowza, Shootie -- And when a few TRILLION pieces of electronic "dollars" are sent out to all Americans, that will have ZERO effect on inflation. Or the "price" of actual hands-on gold and silver.

NOT.

FthePolice · Mar 18, 2020

1/123

All I can say is wow. This is insanity.

engineear · Mar 18, 2020

Heck, I'll offer the LCS 100-1...no takers.

FthePolice · Mar 18, 2020

engineear said:

I think I can get 100-1 from my dealer today. Maybe a little better. Going up to see him during my lunch break.

the_shootist · Mar 18, 2020

I'm holding on to my gold as I have enough silver at this point

FthePolice · Mar 18, 2020

the_shootist said:

It takes up a lot of space I know. But say you bought and ounce a couple of years ago for $1,250. You are getting silver for almost spot right now at $12.50. This is the best silver deal I can think of right now.

BigJim#1-8 · Mar 18, 2020

123.9/1
https://goldprice.org/gold-silver-ratio.html

the_shootist · Mar 18, 2020

FthePolice said:

But no one can find physical at that price. The cheapest that can be found is around $15 right now if you can find anyone actually offering any for sale.

hoarder · Mar 18, 2020

the_shootist said:

Considering how little is available at that price, I don't understand how anyone could think they are going to be able to take a better position if the "spot" price goes down any farther.

FthePolice · Mar 18, 2020

the_shootist said:

I'm calling my dealer in a few minutes when he opens. If I can get 100 rounds for a gold eagle what do you think?

engineear · Mar 18, 2020

126.7

Just now called my LCS. 61 silver eagles for 1 gold eagle!!

1 silver eagle is $24!!

No thank you.

bemac · Mar 18, 2020

Scottsdale is taking orders. My truck is filled @ 13.67 / oz.

the_shootist · Mar 18, 2020

bemac said:

With what? All I see close to that price is 100 oz bars
https://www.scottsdalemint.com/product/100-oz-scottsdale-king-stacker-silver-bar/

bemac · Mar 18, 2020

Well I'm not gonna fill up a truck with 1 oz rounds.

the_shootist · Mar 18, 2020

bemac said:

Alrighty then!!

BigJim#1-8 · Mar 18, 2020

FthePolice said:

I might consider 100 SAE's, might, not generic though. JMHO which means nothing.

FthePolice · Mar 18, 2020

Just got back from dealer, probably the most fair in Colorado as far as brick and Mortars, debriefing time:

Trade 1 Gold Eagle for 73 ASE
Trade 1 Gold Eagle for 91 Generic Rounds
Trade 1 Gold Eagle for $113 face 90% Silver (80.20oz)

Silver Eagles are going for $21 and oz
Gold Eagles are selling at $170 over and being bought at $35 over
Platinum is at $170 over on a Maple

SilverBuyer · Mar 18, 2020

$14.25 an oz
https://www.goldenstatemint.com/1-oz-buffalo-silver-bullion-round.html

hoarder · Mar 18, 2020

the_shootist said:

I just bought a couple, couldn't resist the price!

SilverBuyer · Mar 18, 2020

Scottsdale with 5 oz stacker round at $14.13 per oz, kilo at $14.08, 100 oz $13.97 (the secondary market 100 ozers for $13.77 sold out now)

Not bad pricing as far as the market goes now.

FthePolice · Mar 18, 2020

SilverBuyer said:

Atleast 4 week wait time on Scottsdale stuff

Uglytruth · Mar 18, 2020

the_shootist said:

Told a few guys at work to buy 100 oz bars because that is all the can find & they didn't like that idea. I asked them if they knew of any better way to lock in the low price and exchange it for what they wanted later for a minimal fee........ now they could not find the big bars.

#48Fan · Mar 19, 2020

Finally found an LCD who actually has some silver bullion. $18.50 for rounds, $19.50 for maples/phils. Should I pull the trigger or just be happy with what I have?

the_shootist · Mar 19, 2020

#48Fan said:

Why would you pay that much for rounds when they can still be had for much less? (but you had better hurry)

https://www.gainesvillecoins.com/hunter-1-oz-silver-round/dd/872

FthePolice · Mar 19, 2020

#48Fan said:

I'd be happy with what I have or find something on line. Careful for online right now as the delays are very long, 4 weeks plus long.

bemac · Mar 19, 2020

#48Fan said:

No, those premiums are way too high. Be patient, premiums will drop faster than the spot rises.

#48Fan · Mar 19, 2020

the_shootist said:

I see what you are saying. All online retailers are sold out till the middle of next month at minimum. Are they actually keeping track of how much they have sold? Are they really going to get the supply expected? These are the questions I've been asking myself.

bemac · Mar 19, 2020

yes and yes

the_shootist · Mar 19, 2020

#48Fan said:

I understand your point but those premiums the LCS is charging are still to high consider buying IMHO

#48Fan · Mar 19, 2020

the_shootist said:

Roger that. It's about the same price I would have paid if I bought two weeks ago.

ZZZZZ · Mar 19, 2020

.
.

hoarder · Mar 19, 2020

#48Fan said:

If they are selling silver they don't have at these low prices, it can mean only one thing. The banksters own these bullion dealers for the purpose of suppressing metals so they don't appear to be a safe haven.

Rusty Shackelford · Mar 19, 2020

FthePolice said:

4 weeks ain't nuttin...check out Silvertowne....10-12 weeks....earlier today their website said 16 to 18 weeks.

https://www.silvertowne.com/

BigJim#1-8 · Mar 20, 2020

118.83/1 for the weekend.

the_shootist · Mar 20, 2020

BigJim#1-8 said:

WOW, just WOW!! I'd like to see the chart mongers here to make sense out of this with their historic graphs and charts

EricTheCat · Mar 20, 2020

I wonder what the Gold+Premium/Silver+Premium ratio is, oz to oz.

APMEX, random Buffalo: 1624.09 USD / random 1oz ASE : 22.82 USD = 71.169588080631025416301489921122

I know it's not a valid comparison. Wish I tried the same calc at other values. I'm sure there are probably better rounds to use. Figured I'd share the results since I checked anyway.

Gold / Silver ratio revisited

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