http://blogs.wsj.com/moneybeat/2013/04/18/silver-the-devils-metal-gets-snakebitten/ Silver remains trapped in a range - it hasn't budged whilst gold's taken off on the rebound...
Yes I've been saying for a while the gsr will increase short term. Don't know what to of course but 75 / 1 or greater is possible
GSR heading for 1:70? That would mean gold getting to US$1633oz while silver stayed here at US$23.33 :/ Hard to see that happening but anything is possible I guess.
No mate - that's kinda my point... the term is 'entrenched'... http://forums.silverstackers.com/message-510448.html#p510448
Most of the forum members obviously don't agree. Still a lot of resistance to get anyone to do swaps at the current gold/silver ratios.
Glad to see this happening! When I set up my SMSF I went in heavy with Au as I could see it trending toward 80:1 on the ten year chart.
If you think the GSR is going higher then why are all your sales threads asking to swap your gold for silver ? Wouldn't you be better off keeping the gold ?
I have more gold than silver right now, which is fine - but I also need to keep my regular clients supplied with silver, in all its forms in addition to my regular sources for bullion. I'm only making gold stock available that I see as 'spare'... I've done a lot of gold>silver swaps in the last 2 weeks (and a few the other way - particularly indulgent of Steve allowing me to snaffle two of those beautiful gold Harringtons last week for 120oz of silver) - still looking to do more. I posted a picture of a blind man with a white stick and a seeing-eye cat up a tree recently... I'm averaged on stock over a very long period, so can be flexible on how I structure deals - I like value deals, gsr or straight $ par value swaps... Volatility's good for this kind of 'sideways' trading.
If I didn't have faith in silver I wouldn't be trying to swap my personal gold and platinum stack for silver at current ratios. A stacker wanted to buy one of my Proof Platinum coin however it's not going to a new home unless he was prepared to swap his silver for them. He wouldn't and I kept my platinum. If anyone here is a silver bear and a gold bull, I am more than happy to accomodate them at the current ratio. Premium stuff for premium stuff, generic for generic. Btw, I am no guru; I haven't a clue which way the ratios is headed. Just taking a bet that the gold/silver ratio will go down.
Not you steve, others, I'm just trying to find an answer for a reluctance to trade out of gold for silver at the current GSR. I just find it hard trading out of something in which I have a fundamental belief into something I don't - even in the face of a possibly an obvious opportunity to make a bit more money. PS: Is there such a thing as something being possibly obvious? :lol:
Hunter S hey? Fear and loathing in PM: A savage journey to the heart of the gold bug's dream. :lol: That ^^^ goes in QOTD, unless you've beaten me to it.
Exactly. Don't forget his quotation about the music business either - that's served me very well for the last 30 years... ps - Gold's about to pop $1400/oz... or is it?
I was only thinking of this the other day :/ and I know, I know these times are different as they say but it has risen up in past trends so, I will to say it's most likely going to do that again so, 70 is not really high enough but heck what do I know 1928 36 1929 42 1930 63 1931 56 1932 81 1933 56 1934 64 1935 60 1936 77 1937 79 1938 81 1939 98 1940 97 1941 95 1942 76 1943 76 1944 76 1945 49 1946 40 GAP 1985 54 1986 69 1987 66 1988 72 1989 69 1990 94 1991 93 1992 93 1993 72 1994 81 1995 75 1996 82 1997 56
HiHoSilver... What about the 2000 to 2012 figures? At one stage there, the ratio was down to 40 to 1. I missed the boat for at that time I was waiting for 30 to 1. If it ever goes to 40 to 1 again, I will be waiting to act and hope that greed doesn't ruin my judgement! Regards Errol 43
