Daily GSR - Gold/Silver/Ratio Thread

[pezking7p]

If you're not trading your gold to get silver, shouldn't you just buy silver when it's cheap, and only worry about the ratio for when you're trading your silver to get gold?

As long as I've been looking at PMs the ratio hasn't deviated from mid 40's, so i'm guessing it's going to be a few years before we get to 65:1.

[andial]

My good man the ratio was in the sixties up until last summer. A time some posters traded in their Gold for Silver I'm sure.


Charts at this link.

http://www.goldprice.org/gold-silver..._price_history

[Gcubed]

The ratio is creeping back up to the 60's now. I'm patiently waiting for 80.

[Irons]

If you're not trading your gold to get silver, shouldn't you just buy silver when it's cheap, and only worry about the ratio for when you're trading your silver to get gold?

As long as I've been looking at PMs the ratio hasn't deviated from mid 40's, so i'm guessing it's going to be a few years before we get to 65:1.

Yep, I would have a hard time trading gold for silver. Silver even at it's highest is cheap and easy to get.

Gold on the other hand is freaking expensive even in it's smallest forms.

[jogslvr]

If I was planning to profit from copper, I would have bought insulated wire (romex?) by the pallet full when it was cheap and sell it to elect contractors when its high.

[Rusty Shackelford]

If you're not trading your gold to get silver, shouldn't you just buy silver when it's cheap, and only worry about the ratio for when you're trading your silver to get gold?

As long as I've been looking at PMs the ratio hasn't deviated from mid 40's, so i'm guessing it's going to be a few years before we get to 65:1.

Gold is my end game strategy. So I now buy silver when it is cheap compared to gold based on the GSR, not in terms of FRNs. Currently in the 40's, I am putting my money into gold.

I remember my first major purchase. It was for 100 oz of generics at a little under $15. At the time, I did not know about the GSR. Looking back at that purchase, the GSR was about 42 (same as today). I am no better off towards my end game goal of gold today then I was when I made that initial 100 oz purchase. Sure the value in FRNs has gone up, but as stated that is not my benchmark. IMO should have went with a couple oz of Au at that time.

[Eat Beef]

If I was planning to profit from copper, I would have bought insulated wire (romex?) by the pallet full when it was cheap and sell it to elect contractors when its high.

Ding ding ding, we have a winner. A better route than that would have been to buy copper scrap with ZERO premium (you can actually get it for a substantial discount to it's melt value), and sit on it. Buying high premium stuff (hey, Joe never did answer my repeated questions RE exactly how much premium he paid) is for suckers.

[Eat Beef]

Bob Dylan "loser now will be later to win as the times they are changing"
Cu for me is called HEDGING in case you didn't know it irons.

Exactly what are you planning in the future that will require that amount of copper? Methinks you don't know what a hedge is.

[ccjoe]

Exactly what are you planning in the future that will require that amount of copper? Methinks you don't know what a hedge is.

A hedge, to me, is an investment that is a backup to my main investment, silver.
I plan to sell it as some of the top dealers in the U.S. are NOW doing.
I'm certainly not trying to emulate them but maybe they are copying me?http://www.providentmetals.com/bulli...avdp-kilo.html
One nice thing is that I bought for 33% less than what the dealers are selling for so someday it may be a great hedge.
At least if I made a 50K mistake, the big dealers are making a mistake in the millions> http://www.gainesvillecoins.com/prod...gJune24th.aspx
Just a question beef> did you really not know what I was planning on doing with my investment grade copper kilo bars or were you just trying to troll? Just asking as you asked me a question?

[Eat Beef]

In answer to your question;

A hedge is buying a commodity (or any item) now for use in the future, or conversely, selling future production now. In either instance, the entity entering into a hedge must be a user or producer of a commodity. Therefore, if you bought copper as a hedge, you must at some point in the future have a need for an equal amount of copper.

Buying copper now on the hopes that the price may rise is called speculation, not hedging. Buying it as an alternative to silver is called diversification. I was not trolling, but I was trying to point out that you were not engaging in hedging, or to figure out what industrial use for copper you planned on having.

[Gcubed]

Beef, I think he needs to check into either canned or frozen carrots. Storage would cost less for canned.

[lhslancers3270]

Jeez. Copper? If you want to speculate on a cheaper money just buy Silver and let it go at that.

[ccjoe]

In answer to your question;

A hedge is buying a commodity (or any item) now for use in the future, or conversely, selling future production now. In either instance, the entity entering into a hedge must be a user or producer of a commodity. Therefore, if you bought copper as a hedge, you must at some point in the future have a need for an equal amount of copper.

Buying copper now on the hopes that the price may rise is called speculation, not hedging. Buying it as an alternative to silver is called diversification. I was not trolling, but I was trying to point out that you were not engaging in hedging, or to figure out what industrial use for copper you planned on having.

You were busting my balls trying to elicit a response by an inflammatory, off topic post> http://en.wikipedia.org/wiki/Troll_(Internet) You were trolling.
Speculation, hedging, whatever YOU KNOW about my copper and my plans so don't try to weasel your way out of it.
That is precisely why I didn't answer your question that you complained about. I don't like to feed a troll.

[ccjoe]

Jeez. Copper? If you want to speculate on a cheaper money just buy Silver and let it go at that.

I have 80% in physical silver as I thought everyone knew.
Cu is 138 times less expensive than silver and if you saw the financials today you would have seen everyone is talking about cu so maybe I can continue to double every year???

[Gcubed]

How is it that copper is involved in the gold/silver equation Joe? Will we be discussing carrot futures here soon?

[andial]

The GSR has failed to take out the 44 top it hit a few weeks back. On the 30 day,60 day,6 month,1 year and 2 year chart you can see the GSR is in the midst of a major down draft. I implore you, Do not step out in front of this train.

[Gcubed]

Let's check in again in 12 months. That ratio doesn't move as quickly as spot.

[Irons]

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

[ccjoe]

How is it that copper is involved in the gold/silver equation Joe? Will we be discussing carrot futures here soon?

Here's a one of a kind video g that might get you to understand about cu as few of us do>http://dowjonesclosinghistorychart.com/?p=939

[Gcubed]

Here's a one of a kind video g that might get you to understand about cu as few of us do>http://dowjonesclosinghistorychart.com/?p=939

Joe, Please look below.

Re: Daily GSR - Gold/Silver/Ratio Thread

Savve?

[Eat Beef]

You were busting my balls trying to elicit a response by an inflammatory, off topic post> http://en.wikipedia.org/wiki/Troll_(Internet) You were trolling.
Speculation, hedging, whatever YOU KNOW about my copper and my plans so don't try to weasel your way out of it.
That is precisely why I didn't answer your question that you complained about. I don't like to feed a troll.

ccjoe gets to make up his own definitions. Hedging is what he says it is, reguardless of the definition. Trolls are who he says they are reguardless of reality.

Here's something on which you may chew. I'm not crying, as I could care less what anyone stupid enough to "invest" in retail trinkets carrying a 1000% premium thinks. But if you insist on hitting me with a personal attack by calling me a troll, please don't get your ovaries out of shape when I call you a pompus horse's posterior.

[Eat Beef]

I plan to sell it as some of the top dealers in the U.S. are NOW doing.

You're planning on selling like the top dealers in the US? Are you planning on high dollar advertising, including paying the same gurus who led you like a sheep to slaughter an ever increasing vig to get them to try to find more fools to get into this greater fool scam? Setting up a brick and mortar, or a commercial website?

Or are you just scratching your butt calling yourself Warren Buffet?

[Gcubed]

You're planning on selling like the top dealers in the US? Are you planning on high dollar advertising, including paying the same gurus who led you like a sheep to slaughter an ever increasing vig to get them to try to find more fools to get into this greater fool scam? Setting up a brick and mortar, or a commercial website?

Or are you just scratching your butt calling yourself Warren Buffet?

That response Sir, was classic!

[Eat Beef]

You were busting my balls trying to elicit a response by an inflammatory, off topic post> http://en.wikipedia.org/wiki/Troll_(Internet) You were trolling.
Speculation, hedging, whatever YOU KNOW about my copper and my plans so don't try to weasel your way out of it.
That is precisely why I didn't answer your question that you complained about. I don't like to feed a troll.

Hey, if you asked a leading question to answer a leading question, does that make you a troll, too? Methinks you don't answer questions because they make you look like a buffoon.

[Eat Beef]

Don't distract me Cubed, I'm on a roll.

[Irons]

don't get your ovaries out of shape

Sand in your vage is a good one too!~

[Irons]

Don't distract me Cubed, I'm on a roll.

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

[Eat Beef]

I always thought the cc was for clam chowder.

It's beginning to look more like "cricket city".

[ccjoe]

I always thought the cc was for clam chowder.

It's beginning to look more like "cricket city".

As the saying goes, "If you have nothing to add to a discussion, you have to throw personal insults."
Carry on and I'll keep on studying info based threads.

[Eat Beef]

You mean like calling people who prove you a fool trolls?

Do you really have to study threads on an internet forum? I just read them, analyze what's worth picking up vs. the 80% that's tripe, and move on.

[Gcubed]

I always thought the cc was for clam chowder.

It's beginning to look more like "cricket city".

Creamed Carrots.

[Gcubed]

Ratio be 43.15:1 as I peck this out. Climbing slow 'n steady.

[andial]

I submit two images for your consideration.
1) A long term GSR chart.
2) Those overweight in Gold.

[Gcubed]

How did that silver play work out for the "Hunt Boys"?


work your stash

[Irons]

I submit two images for your consideration.
1) A long term GSR chart.
2) Those overweight in Gold.

Judging by the past and that latest downspike, when the ratio heads back to normal it will probably overcorrect and boing past 90:1 before it settles back to around 70:1 where it spends most of it's time.

One might consider safety glasses if you are staring too close.~

[andial]

Irons, can I task you to post the below historical GSR chart but this time with one horizontal line at the 45 level? It seems to me 45 used to be support but has now become resistance. JMHO

[Irons]

Irons, can I task you to post the below historical GSR chart but this time with one horizontal line at the 45 level? It seems to me 45 used to be support but has now become resistance. JMHO

Hows that? ......

[andial]

Nice brother Irons! Thanks, I still don't know how to do that stuff.

[Gcubed]

There will be wailing and gnashing of teeth at 50:1.

[Irons]

Nice brother Irons! Thanks, I still don't know how to do that stuff.

You're welcome. Here download this, it's the faststone image viewer. It is super easy to resize pics, crop, add lines or other simple stuff. The ideal photo size to post here is 800x600.

Photoshop and the other fancy crap bewilder me but this is easy to use and free.


http://download.cnet.com/FastStone-I...5.html?tag=pop

[Irons]

There will be wailing and gnashing of teeth at 50:1.

Yep, when it does break 50 it will be off like a scalded cat to 80 and beyond.

[Gcubed]

Yep, when it does break 50 it will be off like a scalded cat to 80 and beyond.

Patience Herr Irons, patience.

[andial]

There will be wailing and gnashing of teeth at 50:1.

I admit it could get near fifty cubed. But I'm drawing a line in the sand at 45, I like the risk it carries. If I drew the line at fifty then I wouldn't be a true Silver bull.

[Gcubed]

I admit it could get near fifty cubed. But I'm drawing a line in the sand at 45, I like the risk it carries. If I drew the line at fifty then I wouldn't be a true Silver bull.

I'll express my condolence's to you at 70.

[andial]

80 and beyond.

my condolence's to you at 70.

Those numbers are amusing at best. The most I would concede in an extreme case lasting maybe an hour would be a tick over fifty. I wish there was a way to bet on that.

[Gcubed]

Those numbers are amusing at best. The most I would concede in an extreme case lasting maybe an hour would be a tick over fifty. I wish there was a way to bet on that.

Wanna bet another ounce? You can pay me after it stays at or above 50 for a week. Hell, we can make it 70.

[Irons]

Patience Herr Irons, patience.

Ah, I ain't worried about it. I'm done with silver, as my Korean friend would say I am pinished with it..

[andial]

Wanna bet another ounce?

If at 50 then of course! One ounce, Silver right?

Edit: 70 it is!

[Gcubed]

If at 50 then of course! One ounce, Silver right?

You're on!
12 months time limit? Fair enough?

[Gcubed]

70, I want 18 months. Make up your mind.