The GSR have moved significantly

As today the GSR is 73

Have anyone notice this.

A sign silver will catchup significantly.

My tea leaves work well

 

Now silver doing $22

$27 may come up pretty soon.. Keep the finger cross.

Then everyone will say " Should have... Could have... Going to load up when it was $20.... backing up the Truck, The wheelbarrows"

 

And the change in the GSR!!! This is an interesting move.

 

I have seen $22 multiple times in the last couple years and not got excited. Admittedly, this little run up is nice, but not really worthy of any excitement.

I want to see $25, then we can talk.

 

But what was the GSR at that time?

 

I did increased my bullion silver volume when it was around $19~20/oz.

 

All we need is the AUD to go back to .65 USD

 

Meh

 

personally means nothing to me, if I may be blunt.
I haven't seen a good argument why the GSR is relevant, there's no logical reason the metals should revert to some historical mean (thus validating the GSR as some sort of indicator).

each to their own though, not looking to be a buzz kill or go offtopic.

 

Today 72.5
Let see it kicking

 

My Tea leaves say GSR would settle between 60 ~ 65

 

I will look at 35~40 for a long term.

 

I'm calling anywhere from 30 to 150..

 

Both good estimates I think. As silver ore yields decline and industrial demand continues, we should see the GSR continue to slip lower.

 

i take note of gsr more than spot
i swapped 1 oz gold for 80 oz silver when gsr was that, wish i could have swapped more ....

will trade back at 70:1

 

Physical metals or paper?

Any fees involved?

Premiums on either of the metals?

Dealer or private?

Postage fees or face-to-face?

I am interested as I have been doing unallocated swaps recently but I am looking for a bigger spread.

 

I think he means here

 

I did a GSR swap on here once, offloaded a load of zero premium 50% predec for some low premium Canadian Gold Maples.

The physical swap was a pain. First we had to agree on what premiums to apply to each metal to ensure that the swap was equal. Then we had to do it in a hurry as the GSR is a constantly moving target. I had to pay postage on about 3kg of metal but the person sending the gold only had to pay normal postage. Then we had to decide on what level of risk to insure against on the postage.

Packing and dropping the packages off at the post office, waiting to see if I was going to be ripped off or whether the postie would steal it etc.

For a change in GSR of around 10 I probably wouldn't go through that again as much of the value was swallowed up in postage and lost premiums.

I have been doing unallocated swaps through my dealer, Goldstackers, but there is still a cost. You lose half your premiums when you sell back to them (They are nice enough to refund you half your premiums) and you have to buy the other metal along with its premiums, and there is a fee for the GSR transaction.

All in all, I prefer the unallocated swaps but there needs to be a decent spread to make it worthwhile.

 

I'd say it going back to 80 and more soon.

 

GSR 72.0