GSR: where to from here?

Discussion in 'General Precious Metals Discussion' started by aleks, Sep 22, 2011.

  1. aleks

    aleks Well-Known Member Silver Stacker

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    Looking back from May there was a sharp reversal from 29:1 to low 40s and has since then has moved up to 46:1

    Will silver make bigger moves down from here? what do you guys think?

    [​IMG]
    Source: goldprice
     
    aleks, Sep 22, 2011
    #1
  2. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Gold and Silver are both horrible investments.
     
    RetardedMonkey, Sep 22, 2011
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  3. Iluvnumbers

    Iluvnumbers Member

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    Who cares? PM's have outperformed my cash, shares, and realestate in the last 2 years. Also the gsr two years ago was probably around 70:1 (someone can probably confirm this)
     
    Iluvnumbers, Sep 22, 2011
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  4. aleks

    aleks Well-Known Member Silver Stacker

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    :lol:

    No arguments here in favour of your other choices of investments
     
    aleks, Sep 22, 2011
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  5. silvertongue

    silvertongue Member Silver Stacker

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    Depends on the day
    I think the GSR probably has to test at least 50:1 for a while. After a spike down like that, at any level, it typically takes at least a few years to begin to decline once again after recovery. Unless some new reason for going into silver as a safe haven arises, (and I think investors will generally choose gold first when it comes to that) then I wouldn't be hanging out for the GSR to dip again in the very near term.
     
    silvertongue, Sep 22, 2011
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  6. aleks

    aleks Well-Known Member Silver Stacker

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    The GSR has gone up two full points since last night currently at 48.3
     
    aleks, Sep 23, 2011
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  7. hiho

    hiho Active Member Silver Stacker

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    time to swap gold for silver some more :D
     
    hiho, Sep 23, 2011
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  8. aleks

    aleks Well-Known Member Silver Stacker

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    I won't be falling over myself to do swaps at these levels... more like shift more buying weight to silver
     
    aleks, Sep 23, 2011
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  9. hiho

    hiho Active Member Silver Stacker

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    same thing really sell gold buy silver
     
    hiho, Sep 23, 2011
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  10. Silverthorn

    Silverthorn Well-Known Member

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    Getting interesting now. I've been thinking for a long while it wouldn't go back over 50. Might get there yet.

    If you swapped silver for gold at close to 30 a move over 50 starts to make a swap back look good.
     
    Silverthorn, Sep 23, 2011
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  11. alor

    alor Well-Known Member Silver Stacker

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    alor, Sep 23, 2011
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  12. alor

    alor Well-Known Member Silver Stacker

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    but still a better saving than dollar, cos it does not lose weight, while dollars lost purchasing power due to inflation and currency devaluation. :)
     
    alor, Sep 23, 2011
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  13. goldpelican

    goldpelican Administrator Staff Member

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    Mere basis points from 50! It's at 49.93.
     
    goldpelican, Sep 23, 2011
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  14. Dwayne

    Dwayne New Member

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    A large drop in pm prices is also a drop in purchasing power you know
     
    Dwayne, Sep 23, 2011
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  15. alor

    alor Well-Known Member Silver Stacker

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    I never count my stack, so really don't know how much is there, :p

    my saving for the future, If I got it wrong, then will hire a boat and dump the stack into the deep sea near Philippines. that will be the end of it :lol:
     
    alor, Sep 23, 2011
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  16. 940palmtx

    940palmtx New Member

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    I'll just melt mine and cast some animal charms, starting with a jack-ass LOL
     
    940palmtx, Sep 23, 2011
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  17. aleks

    aleks Well-Known Member Silver Stacker

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    GSR now at 52:1
     
    aleks, Sep 23, 2011
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  18. aleks

    aleks Well-Known Member Silver Stacker

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    GSR is now at 57:1

    Edit: an hour later.... better make that 60:1
     
    aleks, Sep 26, 2011
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