http://goldprice.org/charts/history/gold_all_data_silver.png If anything, it shows that silver is due for a correction. Unsure what you are trying to show?
You just repeated what I said. You assumed I meant the silver price was going to fall in $ - I was talking in terms of gold purchasing power.
It is fair to say that perhaps there is so much manipulation going on that the GSR is somehow blurred... The 1980 spike was obviously due to the Hunt Bros trying to corner the Silver Market, and quite frankly I don't think for one moment that the World Central Banks have stopped interfering with the PMs ever since. Since Nixon axed the Bretton Woods Agreement in 1971, the World has been at the mercy of these Fraudsters, Banksters and other Gangsters... Have you ever thought why the Mafia seems to have disappeared from the headlines... They probably have 'changed their image' (but not their tactics entirely) to become International Corporations with their greasy fingers all over the place. With friends like these one is assured of 'full protection' and no wonder the whole she-bang seems out of sinc. Look around and try to make sense of what's going on in the Markets and all that is related with Money Exchanges... it's a roting can of worms ! Perso, I believe the GSR is only a slight reflection of the fact that even with all their Power they will be hard pushed trying to keep the lid on what's really going on. To be in PMs in these times of great incertainty is a good idea, wether Gold or Silver is a matter of personal choice which should be based on the velocity of your preparedness, emergency requirements and trying to save your existing wealth... not much else. Those who think only in terms of profits should perhaps switch that to a potential critical phase of self-preservation, with a chance to what would possibly look like an intelligent move to increase your chances of survival, even perhaps wealth, plus it is a good hobby and a great way to show your kin some discipline and the worth of Due Deligence even if it looks like the diligence is heading for OK Corral... :lol:
It's a bit like people in lifeboats on the Titanic arguing over whether tweed or wool was the best survival clothing material, totally missing the point that the only reason they were able to argue over it was because they were both in the lifeboat to begin with.
I see it differently - silver is strengthening relative to gold and no signs of this trend changing anytime soon
Yeah,maybe. And the fact silver is in backwardation after the multi decade high prices show that silver is still bullish. I just have no fair on comparing the gold silver ratios. I think both are going up short term. I'm looking forward to the aud crashing as well
Must say... I'm puzzled by the strength of the Aussie $. We had one of the worst disaster year in our history, most the mines are affected by the floods, especially here in QLD Honestly, I can't see any good reason for our Dollar to shine at the moment... except that the other Main Currencies (Pound, US$ and the Euro) are tanking !
I don't deal too much in forex but surely it's because of the quantitative easing of the usd. Also, we are the only developed country to raise interest rates post gfc which would have seen some international $ flowing. But heck, with a labor government it can't last too long! And there will will be a solid decade of high inflation and no more overseas holidays!
Correction shmorrection ! Those who have gold and who are going by the historical GSR SHOULD be converting their silver into gold NOW !? But our cousins the gold bugs are also a bit scared !! Arent you ??
The aussie & japanese disasters are still smaller than the american disaster ! If you plot current AUD vs old AUD you will see that our purchasing power has tanked. But generally the AUD is compared against the USD and the EURO at spot, and since their banks are deeper in shite it kinda looks like we are doing well. the AUD has never been weaker than it is today, and tomorrow it will be weaker than it is today.
Me, scared? Nope I hold both. Why would gold bugs be looking to convert silver to gold- why would they be holding silver? Why would they be afraid of doubling their purchasing power over the past 6 months even if they were holding silver? Mate I really don't know what you are trying to say...
Personally I'm real happy for my fellow PM stackers who favour Silver. I'm stacking Gold over Silver for a few reasons but one of them is not because I think it will out pace Silver. I happen to have been of the mind that Silver has far more potential than Gold. That being said, I still favour Gold.
Who knows, perhaps Gold is now the riskier investment? Hasnt done a whole lot lately....but that is quite bullish in a way too. *shrugs* I'll just keep buying Silver..
