Silver is looking relatively cheap compared to gold at the moment. My guess is since it is an industrial metal (as well as a precious metal) it is taking a beating due to subdued growth forecasts out of China and Europe. According to Wikipedia "Silver as an Investment" - "the average gold/silver price ratio during the 20th century, however, was 47:1".
When I hold and look at two 1kg bars of ag and think I would need to add a handfull of coins with it to swap to 1oz au- I say no way. 20:1 would feel more comfortable- 15:1 would feel right.
just on an instinctive feel level I would trade a kilo to an ounce, but that's about as worthless a level to trade on as I can imagine. I do think silver is cheap though. I only own a tiny fraction of gold compared to silver, much lower than the gold to silver ratio. I'm not buying anything much at the moment and won't until we see late last year's lows but even when I do I won't be buying much gold until the gsr hits 60 at a minimum.
Made my day already. How ever I use the CWR $0:Wife. You should see her shoe stack, however it's not prepping incase of a SHTF scenario, it's usually to prevent a SHTF scenario.
I can only speak for my situation but it ain't silver, I find women get about as excited over silver as having their period.
They notice their shoes a lot unlike men because they are always looking down in fear of making eye contact with a men looking at them! so its a wonder men dont buy push up Bras instead of silver lol
Eh, if you look around, you'll find a pretty surprising number of female stackers/collectors out there. Of course, the male-to-female ratio is probably at least 20:1 But, better than zero..
You still get some very intelligent people out there saying silver is the most undervalued assett on the planet. I dream of a day that is proven right, ha!
Just noticed Gold silver ratio below 70 for first time in 6 months. I like what I see. I think the FED is caught, USD dollar drops, metals move up. when USD dollar went up the last few months, metals held up fairly good, not dropping that much, gold staying above the 1150 USD mark. Reading the Peter Schiff bashing in other posts, agree he does not predict "when" very good, however, he has been correct that the FED has not raised rates after the unwinding of their QE, and if he is ever correct with the FED starting a QE4 within the next year or so, I don't think he is far off the mark my self. I just keep on stacking and keeping a very close eye on the USD FED. Won't buy into the wall street stock market until this next crash has occured. I'm just waiting this one out. Happy with my property purchases and metals.
Silver might be very expensive now considering that the GSR could slowly but permanently go higher. That said, if $14 USD silver comes in 2015, which it very well could, I might be backing the shopping cart up. .
