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Asante
Mage


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Gold / Silver Ratio discussion
#22434882 - 10/26/15 07:25 AM (8 years, 3 months ago) |
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A thread for gold/silver ratio discussion.
The Gold/Silver Ratio is the number of ounces of silver it takes to buy an ounce of gold. Its of special interest since it uses two related precious metals relative to each other, as opposed to a fiat currency.
Here's the 10 year graph:

Discuss.
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LunarEclipse
Enlil's Official Story


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Re: Gold / Silver Ratio discussion [Re: Asante]
#22443475 - 10/28/15 06:25 AM (8 years, 3 months ago) |
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Silver is an industrial commodity that has real uses, and is priced ridiculously low compared to its real value. Furthermore, once "the rush" is on to own PHYSICAL silver by ANY even moderately big concerns the game will be over. Silver truly will be to the moon. When the Hunt Brothers almost cornered the silver market, they got greedy, then rebuffed by the PTB with changes in margin requirements to literally save their silver spoon asses. Nobody has dared to take on JPM and the Comex and the LBMA since then.
Gold, on the other hand, is ridiculously overpriced, held by far too many big banks and big players, and will probably drop like a stone once the gold scandal/GLD scam really breaks. How much do you want to own some over priced paper weight? If the banks do go back on a gold standard, be assured the common man won't profit from it by holding gold. More likely they come and steal yours and add it to their "reserves" to keep you "safe from gold terrorists".
Silver coins at a $4 premium to spot however seems retarded, plus silver at this point seems toppy at all of $16 an ounce. I'd wait till the global economy takes a shit and everything drops including silver. Pick it back up at low 14s and really start buying if it does keep dropping. Buy it all the way down. Just buy it. Bullion. 100 oz bars.
-------------------- Anxiety is what you make it.
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Shpongle1



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Re: Gold / Silver Ratio discussion [Re: LunarEclipse]
#22446666 - 10/28/15 09:11 PM (8 years, 3 months ago) |
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I have a 100 ounce bar of silver. I only have like $4,000 to my name right now and I'm moving to Denver in a few days... Really debating selling off that silver bar just as a little cushion to get out there and get my job lined up and help with first months rent. Think I'll really regret getting rid of it? Or just gotta do what I gotta do?
-------------------- There are more people imprisoned for the commission of drug offenses in the United States - close to 500,000 - than are incarcerated in England, France, Germany, and Japan for all crimes combined. Examined in another way, the United States has 100,000 more people incarcerated for nonviolent drug offenses than all the countries of the European Union combined, despite the fact that the European Union has 100 million more citizens.
- "Drugs and Drug Policy: The Control of Consciousness Alteration, 2007.
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Asante
Mage


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Re: Gold / Silver Ratio discussion [Re: Shpongle1]
#22446839 - 10/28/15 09:43 PM (8 years, 3 months ago) |
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If you can afford not to sell for some years,m yes you will probably regret selling.
However if silver drops to $10 you might feel otherwise.
If I were you I would try to make it on those 4K and what more I could get and hold onto the brick.
its your choice though. Thing with silver is it might suddenly spike with no warning. If a big player asks delivery, or an industrial manufacturer decides to stock up for a bunch of years, or someone deliberately rocks to boat, boom, double, triple, quadruple what it goes for now. Its been almost quadruple a few years ago. The potential is there. I don't think you'll get $8 silver because so many investors would jump on top of it to buy, but remember palladium: if a true low price suddenly appears all those bullion sellers are going to pretend they are out of stock until the price is up again. If we do get an amazing drop in silver, they might stop selling for a few days or weeks.
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
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Re: Gold / Silver Ratio discussion [Re: Shpongle1]
#22447985 - 10/29/15 06:48 AM (8 years, 3 months ago) |
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Quote:
Shpongle1 said: I have a 100 ounce bar of silver. I only have like $4,000 to my name right now and I'm moving to Denver in a few days... Really debating selling off that silver bar just as a little cushion to get out there and get my job lined up and help with first months rent. Think I'll really regret getting rid of it? Or just gotta do what I gotta do?
From what I hear about Denver house/rent prices, you may gotta do what you gotta do. At 16 bucks an ounce it's not a "bad" time to sell, although every time you buy it back will cost you a premium over spot. With bars they may even pay you under spot. Dealers suck!
-------------------- Anxiety is what you make it.
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
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Re: Gold / Silver Ratio discussion [Re: Asante]
#22447997 - 10/29/15 06:53 AM (8 years, 3 months ago) |
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The palladium run up back to 700 after the VW diesel "disclosure" was interesting. I predicted 525 area as a first place to buy and it had run up from there to 700. Major resistance there, and palladium in particular seems way overpriced right now. Although still way better value than gold.
Platinum is harder to figure out, given that diesel is where it is in catalytic converters that aren't doing their "job". So where does that leave platinum? Palladium made great strides in getting into gasoline engines based on price, but at 300 bucks less than platinum which is more effective, will platinum start being used more in gasoline engines? Or is VW really able to meet emissions when they turn the damn thing on?
-------------------- Anxiety is what you make it.
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Shpongle1



Registered: 10/20/09
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Re: Gold / Silver Ratio discussion [Re: LunarEclipse]
#22448556 - 10/29/15 10:02 AM (8 years, 3 months ago) |
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Nah, I'm only going to sell it if I get what I want for it. I'll go in there, offer it to them for what I want for it and they can take it or leave it. I'm not THAT desperate. I mean, if I'm out there and it's been a month or something and still haven't found a job, then maybe I'll take a little less for it. But job-wise I'm taking what I can get immediately, just to get some cash flow. Plus I have like 3kg of mhrb that I can convert back into dinero toward gas for the trip out or toward first month's rent. Anyway, I'll try to hang on to the bar if possible. Thank ya.
-------------------- There are more people imprisoned for the commission of drug offenses in the United States - close to 500,000 - than are incarcerated in England, France, Germany, and Japan for all crimes combined. Examined in another way, the United States has 100,000 more people incarcerated for nonviolent drug offenses than all the countries of the European Union combined, despite the fact that the European Union has 100 million more citizens.
- "Drugs and Drug Policy: The Control of Consciousness Alteration, 2007.
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
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Re: Gold / Silver Ratio discussion [Re: Shpongle1] 1
#22452787 - 10/30/15 09:11 AM (8 years, 3 months ago) |
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Good idea, that's your only kind of real money so I'd hang on to that as long as possible.
-------------------- Anxiety is what you make it.
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Shpongle1



Registered: 10/20/09
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Re: Gold / Silver Ratio discussion [Re: LunarEclipse]
#22456251 - 10/31/15 12:36 AM (8 years, 2 months ago) |
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Thanks homies, I needed a second opinion. I bought it with profit on a whim now not sure when to cash in. I'll try to hang onto it. Ideally I'd like to add to the collection rather than cash out, just feeling a little tight financially and seeing it sitting there... You know what I mean. Last resort it is...
-------------------- There are more people imprisoned for the commission of drug offenses in the United States - close to 500,000 - than are incarcerated in England, France, Germany, and Japan for all crimes combined. Examined in another way, the United States has 100,000 more people incarcerated for nonviolent drug offenses than all the countries of the European Union combined, despite the fact that the European Union has 100 million more citizens.
- "Drugs and Drug Policy: The Control of Consciousness Alteration, 2007.
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Adden

Registered: 06/04/03
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Re: Gold / Silver Ratio discussion [Re: Shpongle1]
#22464427 - 11/01/15 09:21 PM (8 years, 2 months ago) |
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At least you're not selling at a huge loss. You gotta do what you gotta do. When I liquidated my silver and gold some was inherited and I didn't want to let it go. My next thought was Grandma would want me to have food and propane to heat the house..
I never thought I'd say it, but if you have trouble selling it near spot just sell it to Apmex. I was in Connecticut when it was mid 20s and almost everyone in the state was offering 8/oz.. I held on a little longer and of course it dropped to 15, but I would've lost twice as much selling at 8.
100oz of .999 is 100oz of .999, ya know..
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Shpongle1



Registered: 10/20/09
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Re: Gold / Silver Ratio discussion [Re: Adden]
#22464455 - 11/01/15 09:26 PM (8 years, 2 months ago) |
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Yeah honestly, I bought the silver with money I made when I bought a bunch of bitcoins right before they went up astronomically. So either way it's profit. I still want to get as much as I can for it obviously. I'm hoping to hold on to it but I have a feeling after gas to get out there and putting down a security deposit and first month's rent, I may need the cash to hold me over until I have a job and my paychecks start showing up.
-------------------- There are more people imprisoned for the commission of drug offenses in the United States - close to 500,000 - than are incarcerated in England, France, Germany, and Japan for all crimes combined. Examined in another way, the United States has 100,000 more people incarcerated for nonviolent drug offenses than all the countries of the European Union combined, despite the fact that the European Union has 100 million more citizens.
- "Drugs and Drug Policy: The Control of Consciousness Alteration, 2007.
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Adden

Registered: 06/04/03
Posts: 39,201
Loc:
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Re: Gold / Silver Ratio discussion [Re: Shpongle1]
#22464485 - 11/01/15 09:33 PM (8 years, 2 months ago) |
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It's too bad it's not 4 rolls of maples or 5 rolls of eagles.. 100oz is a brick.. at least with those you could sell one or two and retain some. But after premiums on 100 coins at this rate in the market you'd be taking a loss to take a loss converting it.
If you gotta pull out, pull out. If liquidating it so you have money makes you feel more secure then do it. 
Best of luck with your move. If silver dips to 8 or 10 down the road just buy it back when you're financially stable.
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