Gold/silver ratio

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

  1. TreasureHunter

    TreasureHunter Well-Known Member

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    Elaborate more on this, please!

    I do agree that some of them are supporting the gold uptrend (like China, some smaller countries, Russia), but I'd really like hear what you have to say :D

    Indeed, perhaps they're using Corona as a "gradual process" to shift towards the new financial system. They will make sure they exploit Corona as much as possible, otherwise people will turn on them like sharks.
     
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  2. Tokyo

    Tokyo Active Member

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    Ratio moving away Now like to see retest to hold 97 for continuation. Let’s see what happens
     
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  3. Tokyo

    Tokyo Active Member

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    Got some level at 89-90 we may consolidate there
     
  4. TreasureHunter

    TreasureHunter Well-Known Member

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    It's darn expensive to buy a mere ounce. Premiums are around 80-100% above spot.

    This is the Twilight Zone. Silver is nice if you already have. Gold is king.
     
  5. Tokyo

    Tokyo Active Member

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    End of day we have nice correction from 126- 93 today( not with premium) . Let’s talk about ratio on this board
     
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  6. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Still not low enough but dropping in it's own slooooowwwww way.
    It wont be long now.
     
  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I have the feeling that retail gorging is what is stopping silver spot from rising. The super high premiums is acting like a huge GST or VAT depressing retail demand. Once mint supplies come online, which is happening now, the premiums will plunge as retailers rush to offload their new stock.
     
  8. alor

    alor Well-Known Member Silver Stacker

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    its a situation where you will need to buy at market, or else they sold out on the items you wanted
    if you wait further, it wold be sold out
    the price refused to drop
    you do what can be done, BIN
    under $20 spot, but premium never drop anyway

    wait till next time for bullion
    others can wait

    continue with the plan 10 ozs a month, 100 oz each year etc
     
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  9. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    What makes you think that?
    As The USA goes into fall and winter, COVID will bring more disruption.

    Perth have increased premiums on their coins; that's when and if customers can get it.

    1oz Kangaroos, remain on allocation, once a customers allocation is reached that's it.
    1oz Emu's had an allocation of only 20.
    1oz Pixiu is / was 20 last week.
    There was 328 1oz Koala's last week, that were listed in the afternoon, not long after opening
    the next business day they were gone.
    Gold products are no existent at Perth, as are, at the moment the following silver coins:
    Kooks, Koala's, Pixiu, Mouse, Mouse privy, Emu, Brumby.
    All 2oz are not available, there's no Welcome stranger, Kook Mother and Baby or Mouse.
    The 5oz Mouse won't be seen again.
    The 10oz Kook has taken flight.
    All the kilo coins are out of stock.

    No 10oz Bars
    No 100oz Bars
    Kilo bars are available but shipping is $35 plus + Optional insurance of ten bucks.

    Demand is huge and Perth knows it, they know folk are sitting on the web site all day waiting
    for coins to be dribbled in and it's even worse here on SS, have you seen the volume of hits on some of the listings?

    Demand is up, about 70% are buying, 30% are selling but many of the sales are from folk who purchased at the highs of 2012 who
    are trying to recoupe losses.

    Any silver that is reasonably priced is getting snapped up quickly.

    Edit
    Perth have had to buy back coins from LPM.

    Blanks are being made hand over fist for the overseas markets.
     
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  10. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Silver supply here in the states is low too. Not much to choose from with high premium or not.
    My lcs sells to me for spot, of course he didnt have much either.
    He said he cant keep much in stock
     
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  11. OneDay

    OneDay Active Member Silver Stacker

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    Any chance we end up in a internet of things world where silver and gold is worthless? Thanks to your old mate Bezos.
     
  12. alor

    alor Well-Known Member Silver Stacker

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  13. Karoi

    Karoi Active Member

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    I was at the mint yesterday to collect an order and noticed how scant the display cabinets were, although they did have a few fractional gold mice, roos, 1oz emu, double dragon and a few random bars. Silver wise there was a 1oz roo, kook and a kilo bar, but absolutely nothing else!
    I bet the staff there are sick and tired of telling customers what they don’t have!
     
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  14. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Don't know about Q4, but I've been observing a gradual reduction in premiums locally and increase in availability of low premium bars and coins over the past 3 months. Strangely, I noticed some platinum stock arriving over the past 2 weeks or so. Platinum was mostly sold out in May and June. And no, I didn't say because of bullionnow.com.au.
     
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  15. Jason1

    Jason1 Well-Known Member

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    No because you need silver and gold to make things including those computer parts the interwebs are hosted on. So will always have value.
     
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  16. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Cheers; well, please consider giving the forum a link to these lowered premium dealers, I'd love to buy. ;)
    Good news on the platinum but I haven't seen any price reductions, the metal seems to be more divorced from the spot price than ever.
    Regardless, these are very interesting times.

    Do you think the Aussie dollar will tank?
     
  17. Tokyo

    Tokyo Active Member

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    money supply Keeps expanding , same time silver & gold go to zero!? stop using tinfoil hat
    My $100 buy lesser goods every year.
     
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  18. SteelHand

    SteelHand Well-Known Member Silver Stacker

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  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Premiums of coins on BS website has reduced. Yesterday, they had a sale of 2020 Maples for around $23 usd per coin, about 20% premium. I didn't buy any as the price is still too high for me (I paid $17.50 for my maples), but premium has definitely reduced from 3 months ago. A quick google shows that LPM and SDbullion, Goldsilverbull are offering similar prices.

    Platinum premiums has always been high, I'm waiting for a better price. Don't know about AUD, but it appears to track copper.

    [​IMG]
     
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  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I just moved part of my SGD to USD. Will the AUD tank? I don't know, but I don't think the stock market can sustain until the end of the year which means a correction by Sept is required before the US elections.
     
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