Gold / Silver ratio revisited

[Zed]

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]

Silver is also money, whatever the 100% gold heads think.

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]

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.

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]

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'...

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]

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.

 

[Bman33]

1/123

All I can say is wow. This is insanity.

 

[engineear]

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

 

[Bman33]

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

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]

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

 

[Bman33]

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

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]

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

 

[the_shootist]

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.

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]

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.

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.

 

[Bman33]

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.

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]

126.7

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

1 silver eagle is $24!!

No thank you.

 

[bemac]

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

 

[the_shootist]

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

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]

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

 

[the_shootist]

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

Alrighty then!!

 

[BigJim#1-8]

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?

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

 

[Bman33]

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]

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

 

[hoarder]

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/

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

 

[SilverBuyer]

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.

 

[Bman33]

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.

Atleast 4 week wait time on Scottsdale stuff

 

[Uglytruth]

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/

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]

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]

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?

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

 

[Bman33]

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?

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]

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?

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

 

[#48Fan]

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

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]

yes and yes

 

[the_shootist]

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.

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

 

[#48Fan]

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

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

 

[ZZZZZ]

.
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[hoarder]

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.

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]

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.

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]

118.83/1 for the weekend.

 

[the_shootist]

118.83/1 for the weekend.

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]

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.