USD, AUD NZD EUR it should not matter as it is all relative. I think they just got their numbers a bit off or we misunderstand.
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It's funny that the higher the GSR goes the more I question if I need to get out of silver and into gold? However time is on my side and I feel like I can make the swap sometime in the next 35 years...I hope.
To do that would be the complete OPPOSITE of what you should be doing. Eventually the gsr will come down and then you swap all that cheap silver for gold.
Just think of all those that had the sense and balls to swap out their silver they acquired with a GSR 70-1 for gold when it went to 40-1. Thats almost doubling your assets
I know the right thing to do is to stick to silver until the GSR gets closer to 40 then swap it over. Just funny how our minds work. When I start thinking like that I just slap myself across the face...then buy more silver.
Who knows? Someone thinks that the GSR will reach crazy highs, like 20000:1 http://fofoa.blogspot.ca/2015_06_01_archive.html
So it has industrial uses that puts gold in the shade, steady demand from jewelery and silverware AND investment demand is booming and this is supposed to mean that silver is rubbish. I'm so convinced I don't know where to begin.
In previous threads over the past several months I've commented about how the GSR will likely hit 80 and that it's possible it won't stop there. Three years ago when I first came across silver permabulls, virtually all of them (and many of them are smart people) were asserting that silver will soon come close to around 40 GSR. At least 1 was predicting 1 (as in one, parity) GSR. In time I began to see how deceptive many permabulls are. If GSR goes to 90, it's certainly possible that at that time silver prices will have risen...but gold prices will have risen more. You can be bullish and not be a permabull. I'm bullish on metals at this point; short term is the new long term. In other words, slow rise....no 'gold and silver to da moon tomorrow' nonsense. Less huge profits for some bullion dealers but better for the average stacker. .