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Gold / Silver ratio revisited

BigJim#1-8

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87.26/1 Enjoy the weekend.
Remember Mother's Day.
 

BigJim#1-8

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Yep, 87.93. Au up $10 & Ag up .02...
88.01/1......9:32AM EST.
 
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BigJim#1-8

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87.98/1 per coininfo.
 

BigJim#1-8

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87.86/1 Ever see the movie Groundhog Day??
 

BigJim#1-8

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88.57/1 now.....
There's gotta be a realistic trade Au for Ag???? How high will it go?
 

BigJim#1-8

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Plunged to 88.98/1 per coininfo.......
 

BigJim#1-8

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88.98/1 for the weekend.
 

Zed

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The GSR has been stretching credibility to the upside for a very long time! Very overdue for some downside action.

GSR-M-20190518.png
 

savvydon

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The GSR has been stretching credibility to the upside for a very long time! Very overdue for some downside action.
Agreed. But I would like to see it pierce 90 before then, just to say we got there. Since the gold window was closed in 1971 we have only spent part of a couple of years in the early 90s any higher than this.

screenshot_96.png
 

Uglytruth

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Is silver still being used in the solar panel industry or have they found something cheaper? Just saying with all the laws passed in CA about new housing.....
 

savvydon

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Is silver still being used in the solar panel industry or have they found something cheaper? Just saying with all the laws passed in CA about new housing.....
I’m no expert but I have read that it is still being used although the technology is such that less of it is needed for a given panel. Still, like other industrial areas where small amounts are used I don’t think it is commonly repurposed once the life of the tool/unit is over. Therefore, unlike gold, which, once mined tends to stick around, there is considerable loss of silver after mining through the process of industry.
 

Zed

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Agreed. But I would like to see it pierce 90 before then, just to say we got there. Since the gold window was closed in 1971 we have only spent part of a couple of years in the early 90s any higher than this.

View attachment 131928
I'm not sure I want to see a similar outcome after that ratio was achieved... (Inflation adjusted prices!)

historical-silver-prices-100-year-chart-2019-05-18-macrotrends.png
 

savvydon

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I'm not sure I want to see a similar outcome after that ratio was achieved... (Inflation adjusted prices!)/QUOTE]


LOL...long, hot, dry trek through the desert without so much as even a sip of fresh water. Be careful what you ask for!...
 
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Zed

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I'm more of the mindset that this is ~1977/78 odd, relatively speaking.

historical-silver-prices-100-year-chart-2019-05-18-macrotrends(1).png


Interesting thing here, for me, is that the inflation adjusted high is not far away from the projection work that I did years ago. $158 high prob, $199 outside prob.
 
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Zed

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Not sure why my reply has become part of your quote?
Edit it, hit the cog icon and see where the [/quote] is or how it got mangled.

Don't forget to hit the cog icon again when done lest you stay in BBCode mode.
 

Zed

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I’m no expert but I have read that it is still being used although the technology is such that less of it is needed for a given panel. Still, like other industrial areas where small amounts are used I don’t think it is commonly repurposed once the life of the tool/unit is over. Therefore, unlike gold, which, once mined tends to stick around, there is considerable loss of silver after mining through the process of industry.
Silver is always used in very small amounts and this is a good thing, it tends to be irreplaceable, given its properties, by anything that can perform in the same way at anything like its price. The tiny amount used tends to mean that price isn't as important as supply, $1000 silver would have minimal impact on the final cost of the item as opposed not being able to build it at all. Demand is price inelastic, which is great... as is supply... which is unfortunate! Byproduct production and all that.

I'm sure that is egg sucky but I've not thought about it for a long while so I felt the need to blurt it out! LOL
 

BigJim#1-8

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88.42/1 Midweek.
 

BigJim#1-8

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88.32/1 Friday AM leading into Memorial Day weekend.
 

BigJim#1-8

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88.44/1 Have a great Memorial Day weekend!
 

BigJim#1-8

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spinalcracker

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Was reading and came across this article written about 60 days ago...


For thousands of years, silver has traded at a defined ratio of 16:1, meaning 16 ounces of silver have been equal to 1 ounce of gold.

The current 84:1 ratio cannot hold.

https://gsiexchange.com/the-gold-silver-ratio-explained/

Cannot hold was even highlighted , like that gave legitimacy to their proclamation , cannot hold!!....

Maybe we will see 100:1 no?...
 

BigJim#1-8

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Was reading and came across this article written about 60 days ago...


For thousands of years, silver has traded at a defined ratio of 16:1, meaning 16 ounces of silver have been equal to 1 ounce of gold.

The current 84:1 ratio cannot hold.

https://gsiexchange.com/the-gold-silver-ratio-explained/

Cannot hold was even highlighted , like that gave legitimacy to their proclamation , cannot hold!!....

Maybe we will see 100:1 no?...
Good article.
I don't know what's gonna' happen Brother Cracker, what I still believe is that trading Au for Ag at anywhere near these levels is the thing to do.
JMHO.
 

<SLV>

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Was reading and came across this article written about 60 days ago...


For thousands of years, silver has traded at a defined ratio of 16:1, meaning 16 ounces of silver have been equal to 1 ounce of gold.

The current 84:1 ratio cannot hold.

https://gsiexchange.com/the-gold-silver-ratio-explained/

Cannot hold was even highlighted , like that gave legitimacy to their proclamation , cannot hold!!....

Maybe we will see 100:1 no?...
"Past performance is no guarantee of future results."

Gold = monetary = government reserves
Silver = industrial = demand from economic expansion

Best case scenario for silver is that new battery technology takes off which requires silver (currently in development). Then it will go the way of palladium.
 

BigJim#1-8

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Ratio plummeting...89.04/1 as of this post.
 

BigJim#1-8

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88.95/1 Ratio snowballing...
 
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BigJim#1-8

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89.56/1 This AM. Au up, Ag not so much.
 

savvydon

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We just got a little pop from both metals so we are back down in the 89 range. We are now well positioned to see 90, in that there is plenty of room to see it with silver above 14, which is still what I consider its hard stop. Now with gold above $1300 again all we would need is about $14.40 on silver tp get us there.

Don't get me wrong. I would like to see the moon shot happen just as much as the next guy. It's just fun to see some extraordinary market aberrations along the way.
 

savvydon

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Silver is also money.

from Strong's Concordance:
keseph: silver, money
Original Word: כֶּסֶף
Part of Speech: Noun Masculine
Transliteration: keseph
Phonetic Spelling: (keh'-sef)
Definition: silver, money


SC
Precisely. Which is why it is going to go where it will when people wake up and realize how much else out there is NOT money.
 

BigJim#1-8

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QUOTE: Silver = industrial = demand from economic expansion

Silver is also money. Biblical money.

from Strong's Concordance:
keseph: silver, money
Original Word: כֶּסֶף
Part of Speech: Noun Masculine
Transliteration: keseph
Phonetic Spelling: (keh'-sef)
Definition: silver, money


SC
Of course silver is money, it has been for thousands of years.
 

BigJim#1-8

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89.86/1 for the weekend.
 

BigJim#1-8

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89.5/1 this Am. Au & Ag both up.
 

savvydon

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Silver rode up on gold’s coattails today. If we continue to break out eventually silver will take the lead and the GSR will drop. However, if there is a beat down it will likely be led by silver. There is now ample room to go north of 90 on the GSR.:popcorn:
 

BigJim#1-8

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90.01/1 as of this post.....