Gold-Silver Ratio

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Bottom Feeder said:
Hummmm...
current (11/10/2022 10:01) G/S ratio is - 81.22
Au = 1748.9
Ag = 21.62

Going to apmex and get pricing...

GAE for 1988.89
SAE for 38.82

G/S ratio = 52

Hummmmm
Click to expand...

My opinion only, but the paper price these days means less than nothing. Merely an arbitrary number with zero basis in reality. Price for physical is the only thing that matters.
 
A long way to go, but bring on GSR ~50 or below. Near or below that ratio we can all get rid of a bunch of silber for gold.

The "Fed" and its mouthpiece Jerome Powell's soundbites aside, interest rates can't continue upward for much longer without completely destroying the US and global economy. That ingenious "Fed" chair said today that "We might get rid of inflation, but at a very high human cost." DUH.

The "Federal Reserve" has no reserves, nor any Constitutional authority to control monetary policy.
 
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77.8/1 Friday afternoon.

Gold Silver Ratio

gold silver ratio - Historical gold silver ratio charts
goldprice.org goldprice.org

77.7/1 For the weekend.
 
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Pyramid said:
A long way to go, but bring on GSR ~50 or below. Near or below that ratio we can all get rid of a bunch of silber for gold.

The "Fed" and its mouthpiece Jerome Powell's soundbites aside, interest rates can't continue upward for much longer without completely destroying the US and global economy. That ingenious "Fed" chair said today that "We might get rid of inflation, but at a very high human cost." DUH.

The "Federal Reserve" has no reserves, nor any Constitutional authority to control monetary policy.
Click to expand...

I remember April 2011 very fondly. I pulled the trigger a little early at 34:1, but I unloaded a lot of silver that day for the good stuff. Had I waited two more days, I would have seen 32:1. I still have zero regrets and I still have all that gold. (y)

Or, I would have had it not been for that tragic boating accident. ;)
 
CiscoKid said:
I remember April 2011 very fondly. I pulled the trigger a little early at 34:1, but I unloaded a lot of silver that day for the good stuff. Had I waited two more days, I would have seen 32:1. I still have zero regrets and I still have all that gold. (y)

Or, I would have had it not been for that tragic boating accident. ;)
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#metoo
 
Is the gold market closed today?gold (1).gif

Either that or KITCO is brain dead which is not unusual.
 
Goldbrix said:
Most worldwide are closed for the New Year. China maybe open with their calendar being different, IDK.
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It's Monday January 2nd, everyone back to work. I guess the gold market is socialist also.
 
New Years Day fell on a Sunday this year. Many businesses and govco offices observe the New Years Day holiday today instead.

www.nj.com

New Year’s Day 2023: What’s open what’s closed on Monday, Jan. 2? Banks, UPS, mail delivery, stock markets, stores, malls, supermarkets, restaurants

Are banks open? Is the Post Office open? Does the mail run? Is the stock market open? Here is your guide to what is open and closed on Monday, Jan. 2, the day when most offices observe the New Year's Day holiday
www.nj.com www.nj.com
 
I'll get really interested when the ratio returns to reality: In December, 1979 it touched the centuries-old (real) standard of @15:1
 
Third week of April, 2011, it hit 32:1. I cashed in two days earlier at 34:1. Better to be a little early than one day too late.
 
Bottom Feeder said:
Heh, yeah, that's about my position as well.
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I avoided that more or less by accident <-- in that my avoidance was not planned, just a happy corollary:

Started stacking when gold was under $200 (including vigorish). After an initial largish buy, I then only bought when my weekly regular and unchanging "put aside" fiat ration reached "you can buy now" level for Krugerrands or silver rounds/junk.

Bought on that day. What that accidentally made into a benefit was that the "pretend" ROI for Au and Ag has come out humongously positive overall.

If silver tanked, I got to buy some. If silver soared, I did NOT get to buy the same "some", <-- Much less, or else nothing, since my fiat ration put-aside did not reach the mark.

You can see that evens out to a continual "pretend" plus no matter when the PM's were purchased.

The quotes around "pretend" is due to the fact the PM's will never be swapped for fiat. Never. The fiat will die soon -- as we all know -- and therefore the "price" in fiat is totally immaterial to me.
 
Unca Walt said:
I avoided that more or less by accident <-- in that my avoidance was not planned, just a happy corollary:

Started stacking when gold was under $200 (including vigorish). After an initial largish buy, I then only bought when my weekly regular and unchanging "put aside" fiat ration reached "you can buy now" level for Krugerrands or silver rounds/junk.

Bought on that day. What that accidentally made into a benefit was that the "pretend" ROI for Au and Ag has come out humongously positive overall.

If silver tanked, I got to buy some. If silver soared, I did NOT get to buy the same "some", <-- Much less, or else nothing, since my fiat ration put-aside did not reach the mark.

You can see that evens out to a continual "pretend" plus no matter when the PM's were purchased.

The quotes around "pretend" is due to the fact the PM's will never be swapped for fiat. Never. The fiat will die soon -- as we all know -- and therefore the "price" in fiat is totally immaterial to me.
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While I hold much the same view, I do wonder how it might be swapped out in the event of the failure of fiat ?
A massive devaluation is possibly a better ( less bad ?) situation
Ive got my stash, via Bullionvault, in a commercial vault in Zurich, which allows me to sell at any time, as long as theres power / internet/ buyers/ means of payment and youve possibly got yours hidden in the garden ..........
It may make more sense to turn it into land / building materials / whiskey/ bic lighters while its still an option if you think fiat will die ?
 
rblong2us said:
Ive got my stash, via Bullionvault, in a commercial vault in Zurich, which allows me to sell at any time, as long as theres power / internet/ buyers/ means of payment and youve possibly got yours hidden in the garden ..........
Click to expand...
I trust my "garden" over any third party. Especially when the lights go out, by SOL or War,
 
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