Gold/silver ratio

Discussion in 'Silver' started by openeyes, Aug 27, 2019.

  1. alor

    alor Well-Known Member Silver Stacker

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    what does oil/gold ratio look like?
     
  2. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    As previously, oil is the leading indicator. Takes down the rest.
     
  3. openeyes

    openeyes Well-Known Member Silver Stacker

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    Then we have quite a way to fall
     
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  4. Tokyo

    Tokyo Active Member

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    watching 116 fib level- first to tag 97 to see if we can extend lower to 78 but let’s see what happens at 97 .
     
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  5. Tokyo

    Tokyo Active Member

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    Nice price action at resistance now I like to see 97
     
  6. Tokyo

    Tokyo Active Member

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    Hitting important zone, 97 needs to hold to target my 78 zone next
     
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  7. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    That dang 18 or 18.50 seems to be a resistance level.
     
  8. Tokyo

    Tokyo Active Member

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    My monthly level is $20.50-21 /26.70-28 next
     
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  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Previously, I did a comparison of the amount of rice that silver could buy in China during the 19th century vs today and came up with $28 silver. :D
     
  10. STKR

    STKR Well-Known Member Silver Stacker

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    The Dollar used to be defined as 1.604 grams of gold and 24. Something grams of silver.
     
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  11. TreasureHunter

    TreasureHunter Well-Known Member

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    So, how much rice could be bought in China an ounce of silver back in the 19th century?

    I could do my own calculations (after making a list of rice prices locally - some cost double, others triple, they're branded as well... hmmm it's like the difference between minted silver bars and cast silver bars :D ).
     
  12. Tokyo

    Tokyo Active Member

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    Consolidating just below the level big swing coming back to 116 or 78. 97:1 is making decision , let market play out
     
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  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    There are different calculations. Someone says 1 tael buys 35kg of rice. 1 tael is 1.21528 troy ounce, so 1 ounce buys 28.80kg of rice.

    https://www.quora.com/How-much-woul...e one did that conversion,to buy 35kg of rice).
     
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  14. rainy day

    rainy day Active Member

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    Apparently in the Roman empire a man's labour for one day earned him one silver denarius. 1/10th of an ounce of silver. So today in Australia you get about $200.00 AUD for a days work. So $2000.00 AUD per ounce of silver.
     
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  15. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    And that's why manufacturing is nearly dead in Australia.
     
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  16. SouthCoastSilver

    SouthCoastSilver Active Member

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    Dodgy visas, unsustainable immigration, piss poor foreign policy, economic management and a thirty year long attack on what was typically seen to be a fundamental supporter base of the Labor party is the reason why manufacturing has left this country. Wages have stagnated for 30 years and inflation adjusted manafacuring jobs pay half of what they did 50 years ago. Germany, America, France, Korea, Sweden, Japan and Canada all are first world countries with high wages and strong manufacturing
     
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  17. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Good story bro.
    But that makes absolutely no sense to me.
     
  18. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    GSR For Kangaroo coins from The Perth Mint are as follows:

    1oz Gold Kangaroo = $2647.74AUD
    1oz Silver Kangaroo = $31.29AUD

    $2647.74 divided by $31.29 = 84.6

    GSR is about 84.6


    GSR For Kangaroo coins from APMEX are as follows:

    1oz Gold Kangaroo = $1856.19USD
    1oz Silver Kangaroo = $24.72USD

    $1856.19 divided by $24.72 = 75.09

    GSR is about 75.09
     
  19. SliderC

    SliderC Active Member

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    Thats an interesting perspective HoldFast however when you do the math, it looks like the Silver Kangaroos are just way overpriced in the US ($35.90 AUD)
     
  20. SliderC

    SliderC Active Member

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    But you do raise an interesting point, comparing american eagles gold vs silver.

    1 x 1oz silver eagle $28.22 USD
    1 x 1oz gold eagle $1871 USD

    GSR : 66...

    Thats nuts, eagles are even more expensive. Rediculous premiums on american silver eagles.
     
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