Some might have read it already but here it goes anyway. http://www.gotgoldreport.com/2010/12/new-lows-for-gold-silver-ratio.html
I wonder if we'll see 'We Buy Silver - cash for old silverware' signs on the buy gold shops sometime this year.
I think we'll see that. As a matter of fact, over here in Sweden, some sites have popped up wanting to buy, coins, silverware and so on. As a matter of fact no 2, I have some small, local, low cost adds, running this week on some local buy/sell/give boards, as well as in the local paper. Since I don't need the overhead that the biggest players have, I can offer a better price so we'll see if I can score some Hopefully some wants to part with their silver
2011 is going to be verrrry interesting indeed. I don't know anyone who still has 'the family silver'. It was either sold in the eighties when they first got their hands on it or given off to op shops over the years in deceased estate clearouts. The sorters at those op shops have grabbed a bargain or two over the years. lol
They do here in oz as well. Recentky asked an employee at a shopping centre gold buying kiosk waht price they would pay for silver,and their reply was 17 cents a gram. Needless to say my LOLing was heard across the shopping centre...
Thats because the bankruptcy of America is imminent. Some fool left out the "L" on their coinage, Instead of the words ' In god we trust'. It should have been "In gold we trust" Bahh what a bad mistake.
Hope you didn't have your teenage kids with you (if you have any), you know how embarrassed they get when in public with their parents.
I'm pretty bullish on the GSR thing these days. If you look at the GSR over the last 30 years its spent most of its time between 50 and 80. We had a couple of good test of the 80 level in recent times and we have only just broken down below the 50 level. There's a lot of talk about phases of the bull market so to me the GSR is indicating we are still building into the 2 phase of the bull market to my mind.
