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Gold / Silver ratio revisited

savvydon

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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.
I think that is a reasonably valid approach to take. Silver premiums have shot to the moon, not gold premiums. Therefore, the ratio people are seeing 'on the ground' are much closer to what you figured than the 'official' figure.
 

anywoundedduck

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Let me know when it's 10 to 1, as God meant it to be.
 

Uglytruth

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Would really like to see the true value of gold in fiat or fiat in gold ratio.

As of November 30, 2018, the US Treasury claims that there is 261,498,926 oz of gold bullion in official US Gold reserves.
261,498,926 x $ 1642.68 (spot as of 3/25/2020) = $429,559,055,761.68
Yet we are trillions in debt and they are printing trillions more.
Anyone have more accuract numbers so we should know what gold should be worth in a honest monetary system?
 

CrimsonGuardJay

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Would really like to see the true value of gold in fiat or fiat in gold ratio.

As of November 30, 2018, the US Treasury claims that there is 261,498,926 oz of gold bullion in official US Gold reserves.
261,498,926 x $ 1642.68 (spot as of 3/25/2020) = $429,559,055,761.68
Yet we are trillions in debt and they are printing trillions more.
Anyone have more accuract numbers so we should know what gold should be worth in a honest monetary system?
In an honest money system, based on our current monetary supply, gold would be easily in excess of $9,000/oz.
 

Uglytruth

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In an honest money system, based on our current monetary supply, gold would be easily in excess of $9,000/oz.
Before or after the 2T they are arguing over...... and saying it's only the first one? :belly laugh:
 

GOLDBRIX

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So i just bought SLV and called it a day.
Just know when you liquidate positions in SLV you get fiat dollars not physical silver.
I was an SLV investor when it first came out. While reading the prospectus I seen where ONLY SPECIAL INVESTORS ( there is a specific term the fund uses to identify those entities. I forget the exact wordage) the fund recognizes that could exchange their shares for actual physical silver.
The general investor is NOT one of them no matter how many shares he owns.

So I liquidated my position as soon as the shares roses a couple of dollars from where I bought in.

The Gods of the Copybook Margins (us) / The Gods of the Copybook Headings (brit) by Rudyard Kipling
(If too wordy read the ( * ) asterisked passages. Gb)

* AS I PASS through my incarnations in every age and race,
I make my proper prostrations to the Gods of the Market Place.
Peering through reverent fingers I watch them flourish and fall,
And the Gods of the Copybook Headings, I notice, outlast them all.

* We were living in trees when they met us. They showed us each in turn
That Water would certainly wet us, as Fire would certainly burn:
But we found them lacking in Uplift, Vision and Breadth of Mind,
So we left them to teach the Gorillas while we followed the March of Mankind.

We moved as the Spirit listed. They never altered their pace,
Being neither cloud nor wind-borne like the Gods of the Market Place,
But they always caught up with our progress, and presently word would come
That a tribe had been wiped off its icefield, or the lights had gone out in Rome.

With the Hopes that our World is built on they were utterly out of touch,
They denied that the Moon was Stilton; they denied she was even Dutch;
They denied that Wishes were Horses; they denied that a Pig had Wings;
So we worshipped the Gods of the Market Who promised these beautiful things.

* When the Cambrian measures were forming, They promised perpetual peace.
They swore, if we gave them our weapons, that the wars of the tribes would cease.
But when we disarmed They sold us and delivered us bound to our foe,
And the Gods of the Copybook Headings said: "Stick to the Devil you know."

* On the first Feminian Sandstones we were promised the Fuller Life
(Which started by loving our neighbour and ended by loving his wife)
Till our women had no more children and the men lost reason and faith,
And the Gods of the Copybook Headings said: "The Wages of Sin is Death."

*** In the Carboniferous Epoch we were promised abundance for all,
By robbing selected Peter to pay for collective Paul;
But, though we had plenty of money, there was nothing our money could buy,
And the Gods of the Copybook Headings said: "If you don't work you die."

Then the Gods of the Market tumbled, and their smooth-tongued wizards withdrew
And the hearts of the meanest were humbled and began to believe it was true
That All is not Gold that Glitters, and Two and Two make Four
And the Gods of the Copybook Headings limped up to explain it once more.

* As it will be in the future, it was at the birth of Man
There are only four things certain since Social Progress began.
That the Dog returns to his Vomit and the Sow returns to her Mire,
And the burnt Fool's bandaged finger goes wabbling back to the Fire;

* And that after this is accomplished, and the brave new world begins
When all men are paid for existing and no man must pay for his sins,
As surely as Water will wet us, as surely as Fire will burn,
The Gods of the Copybook Headings with terror and slaughter return!
 

BigJim#1-8

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112.3/1 For the weekend. not much change this crazy week.

With premiums so high, if you put Au @ $1721.00 ($100 premium) & Ag @ $20.00 ($6.00 premium) Ratio figures at about 86-87/1
Have a safe weekend everyone.
 

GOLDBRIX

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if you put Au @ $1721.00 ($100 premium) & Ag @ $20.00 ($6.00 premium) Ratio figures at about 86-87/1
Thanks for that insight Big Jim...
The actual physical ratio is far more accurate than the "Dream Sheets".
 

FthePolice

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So is Silver undervalued big time or are we seeing something new that will last? I always thought a 1/65 was strong for both.
 

Varmint Hunter

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gsr ttt chart.png
 

GOLDBRIX

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Rusty Shackelford

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I have been able to place orders for silver albeit with a delay in shipping....but I cant find a place to sell gold as every brick and mortar is shut down. So missing out on a generational swap
 

BigJim#1-8

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I have been able to place orders for silver albeit with a delay in shipping....but I cant find a place to sell gold as every brick and mortar is shut down. So missing out on a generational swap
Were you hoping to sell Au & buy Ag or do a trade at the shop?
 

Rusty Shackelford

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Either way...the only local place I have access to that is open is silvertowne...their silver prices are way to high...so my thoughts were sell the gold to them directly for cash and make my silver purchase with the online silver dealer at a much better price
 

FthePolice

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Either way...the only local place I have access to that is open is silvertowne...their silver prices are way to high...so my thoughts were sell the gold to them directly for cash and make my silver purchase with the online silver dealer at a much better price
Any Physical PM move right now is very tough. Trading Gold for silver is tough because dealers won't give you anything near what you want. Buying anything is tough too because premiums are rediculous. If you find anything good let us know.
 

Rusty Shackelford

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Silvertowne is taking appts to get in....they want $200 plus for 10oz bar..calling to see what they will buy Au for in the morning and then decide.
 

the_shootist

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Any Physical PM move right now is very tough. Trading Gold for silver is tough because dealers won't give you anything near what you want. Buying anything is tough too because premiums are rediculous. If you find anything good let us know.
They can keep theirs and I'll keep mine
 

Casey Jones

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Any Physical PM move right now is very tough. Trading Gold for silver is tough because dealers won't give you anything near what you want. Buying anything is tough too because premiums are rediculous. If you find anything good let us know.
I'm sympathetic to the dealers. They don't have confidence the high price of gold or the low price of silver will last...remember the last spike in gold prices? Dealers who bought off the street when the quoted price was $1700 and change...who bought, say, at $50 less than that...had inventory that lasted into the $1200 nadir.

Manipulated, you say? Blythe Masters and her Gold Derivatives? Yes, absolutely. Which only means it could probably be done again, with some tinkering of the formulae. So, the dealers are going to want to see the resiliance, the durability, if you will, of this new price range.
 

GOLDBRIX

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They can keep theirs and I'll keep mine
I had mine around here somewhere. And my dang boat is missing too ! I forgot what da docs said I got but I don't remember what they said it was. Boat trailer wid no boat. Go Figger.
 

GOLDBRIX

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Well that failed....the plan to sell then buy got me at a GSR of a tick over 91.....just keep buying and hold the rest
Well, the current posted ratio is just under 110 /1 so you made out O.K.
Better than just accumulating cash and buying at $1630.00 +/-, plus "premium". YMMV
 

Au-myn

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Time for Ag to start moving up.

Bearish Signal formation sell signal at 1075 on this 3 x 25 reversal, scaling factor 10 Point & Figure Relative Strength chart.
au ag.png
 
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plata_oro

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Been a while since last update.
110.5/1 Not much change the last 7 days.
https://goldprice.org/gold-silver-ratio.html

There probably won't be any real price action until the mints start to open up. Nobody's selling to the dealers and there is no new inventory to be had for the foreseeable future. Several miners have shut down operation too. No movement of metals from the City of London as transportation is shutdown.