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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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87.86/1 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
 

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