Gold/silver ratio

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

  1. Slimey

    Slimey Well-Known Member

    Joined:
    Jul 20, 2019
    Messages:
    307
    Likes Received:
    383
    Trophy Points:
    63
    Time to erect a silver statue of Tokyo.....we can place it next to the statue of Bart Cummings....hell they are both gambling industries which are all above board right?
     
  2. Slimey

    Slimey Well-Known Member

    Joined:
    Jul 20, 2019
    Messages:
    307
    Likes Received:
    383
    Trophy Points:
    63
    Update...news just in...Dog turds now at 1:1 ratio with silver
     
    STKR and wrcmad like this.
  3. slavaja

    slavaja Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2010
    Messages:
    1,089
    Likes Received:
    767
    Trophy Points:
    113
    Location:
    Melbourne
    I think we should give Tokyo free silverstackers membership I'm willing to chip in $5 who's with me?
     
    Last edited: Mar 16, 2020
    STKR and Slimey like this.
  4. forgedinfire

    forgedinfire Member

    Joined:
    Feb 22, 2020
    Messages:
    42
    Likes Received:
    20
    Trophy Points:
    8

    Can anyone with a bit more experience in this arena and with historical events enlighten me about whether or not we are going to be able to acquire silver at this lower spot, it just seems like the dealers are going to maintain these massive premiums, is that going to stop?
     
  5. Jason1

    Jason1 Well-Known Member

    Joined:
    Aug 9, 2019
    Messages:
    1,191
    Likes Received:
    1,346
    Trophy Points:
    113
    Location:
    Qld
    Well shit will get very interesting when china re-opens, if this keeps going down this is got tobe a bloody good buy.

    dont like my changes of finding any near spot price deals though right now.
     
  6. slavaja

    slavaja Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2010
    Messages:
    1,089
    Likes Received:
    767
    Trophy Points:
    113
    Location:
    Melbourne
    Best thing to do now is call up bullionnow and ask to buy unallocated and when things settle convert it to physical.
     
    forgedinfire likes this.
  7. Jason1

    Jason1 Well-Known Member

    Joined:
    Aug 9, 2019
    Messages:
    1,191
    Likes Received:
    1,346
    Trophy Points:
    113
    Location:
    Qld
    ok, depends how long this goes on for. I was buying then, at first no they hung onto it, but when people found they were forced to sell their stacks you could. So depends on how broke people get and how long this goes on for.
    that is why people say stack cash as well as metal, so you dont end up being one of those poor bastards having to sell at a loss, instead you can be the guy buying their cheap metals.
     
    forgedinfire likes this.
  8. openeyes

    openeyes Well-Known Member Silver Stacker

    Joined:
    Aug 26, 2014
    Messages:
    1,275
    Likes Received:
    1,032
    Trophy Points:
    113
    Location:
    Canberra
    Certainly starting to look quite likely. The scenario is very closely related so I think there are strong similarities. If we get $10 USD I would expect the AUD/USD to be around 0.50 so AUD price would be $20. But then again we might see that tonight. $10 USD that is.
     
    kilo and Silver260 like this.
  9. slavaja

    slavaja Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2010
    Messages:
    1,089
    Likes Received:
    767
    Trophy Points:
    113
    Location:
    Melbourne
    Btw Bitcoin is $4500
     
    kilo likes this.
  10. openeyes

    openeyes Well-Known Member Silver Stacker

    Joined:
    Aug 26, 2014
    Messages:
    1,275
    Likes Received:
    1,032
    Trophy Points:
    113
    Location:
    Canberra
    I second that. It takes some time for thing to normalise at that level and then silver becomes more available. Dealer will have high margins for extended times though.
     
    forgedinfire likes this.
  11. minimilled

    minimilled Active Member

    Joined:
    Nov 24, 2019
    Messages:
    286
    Likes Received:
    165
    Trophy Points:
    43
    For $10, I’d expect 20% unemployment and widespread death of the elderly not just from the virus, but from the virus taking out healthcare workers and displacing run of the mill emergencies

    Could happen, but you wouldn’t wish for it
     
  12. forgedinfire

    forgedinfire Member

    Joined:
    Feb 22, 2020
    Messages:
    42
    Likes Received:
    20
    Trophy Points:
    8

    That is basically what I envisioned, I can see what @Jason1 was saying about people selling off to get themselves out of strife being a factor too.
     
    Jason1 likes this.
  13. openeyes

    openeyes Well-Known Member Silver Stacker

    Joined:
    Aug 26, 2014
    Messages:
    1,275
    Likes Received:
    1,032
    Trophy Points:
    113
    Location:
    Canberra
    Unfortunately all of that is on the cards in the short to medium term.
     
  14. kilo

    kilo Well-Known Member Silver Stacker

    Joined:
    Feb 5, 2011
    Messages:
    603
    Likes Received:
    423
    Trophy Points:
    63
    Location:
    Australia

    Wouldn’t dare
     
  15. minimilled

    minimilled Active Member

    Joined:
    Nov 24, 2019
    Messages:
    286
    Likes Received:
    165
    Trophy Points:
    43
    I don’t see anyone selling physical. This is paper. Futures. Maybe the ETFs.

    Look at SS trading tonight. 2 bidders go “I retract my bid” lol
     
    Last edited: Mar 16, 2020
  16. wrcmad

    wrcmad Well-Known Member Silver Stacker

    Joined:
    Jan 2, 2012
    Messages:
    6,644
    Likes Received:
    1,502
    Trophy Points:
    113
    Location:
    Northern NSW
    Dreamy theory, but if that were the case no one would ever reference "spot price".
     
  17. minimilled

    minimilled Active Member

    Joined:
    Nov 24, 2019
    Messages:
    286
    Likes Received:
    165
    Trophy Points:
    43
    Can’t see it in the short term (3 months) for unemployment outside of the casual FTF retail market especially cafe culture in the big cities. Medium term, possibly pretty bad, but 20% is steep stuff, basically depression. Let’s hope not. In that circumstance, the RE market is going to collapse and with it the banks.

    For death, one extra issue is potentially a lot of RE stock coming onto the markets in Sydney and Melbourne, dropping the markets.
     
    HudsonDesign, openeyes and Jason1 like this.
  18. minimilled

    minimilled Active Member

    Joined:
    Nov 24, 2019
    Messages:
    286
    Likes Received:
    165
    Trophy Points:
    43
    There’s a broad market sell off now. Was even an ounce sold here tonight?
     
    STKR likes this.
  19. Jason1

    Jason1 Well-Known Member

    Joined:
    Aug 9, 2019
    Messages:
    1,191
    Likes Received:
    1,346
    Trophy Points:
    113
    Location:
    Qld
    will gold follow this? thats one thing of interest. I dare not predict, this is not a typical event that is for sure
     
  20. minimilled

    minimilled Active Member

    Joined:
    Nov 24, 2019
    Messages:
    286
    Likes Received:
    165
    Trophy Points:
    43
    I see little silver stock available at major retail in the US at this price. It is there at one site, but that site reserves the right to do anything, so no guarantees of a contract.
     

Share This Page