Buying and selling guide to gold

I'll be interested to read people's comments on that information.

This bit on silver has me thinking that, rather than silver being undervalued, gold is overvalued:
Historically the gold/silver ratio has been about 16:1. It is now over 30:1 which leads many analysts to conclude that silver is undervalued. However the 16:1 ratio was based on Western valuations and many Asians, especially the Chinese, are much more interested in gold than silver so there is reason to think that the price ratio may be redundant.
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GSR is now over 30 ? How old is that article?
If it was around 30 there would be some serious GSR swaps going on i would imagine
 
renovator said:
GSR is now over 30 ? How old is that article?
If it was around 30 there would be some serious GSR swaps going on i would imagine
Click to expand...


The date of article is up the top left, its the first thing you see when you open the link.

mmmmmmmmmmm, GSR is at 62, so I guess that's over 30.

:rolleyes:
 
I didnt open the link .Theres a few here like myself who dont click on links & would prefer a synopsis before wasting time reading worthless links .If its recent why wouldnt they put gsr@ 62....30 is less than half Its like seeing an article thats has the spot price at less then half for me its just a random comment that is not relevant today & imo not worth reading . You obviously think different .
 
renovator said:
I didnt open the link .Theres a few here like myself who dont click on links & would prefer a synopsis before wasting time reading worthless links .If its recent why wouldnt they put gsr@ 62....30 is less than half Its like seeing an article thats has the spot price at less then half for me its just a random comment that is not relevant today & imo not worth reading . You obviously think different .
Click to expand...


I think you need to read the article in stead of making pomp-ass assumptions.

Where in the article has it been quoted that the GSR is at 30? It merely states its over 30 and for good reason.

All PM prices stated in article are up to date.

I suggest you hold that nasty tongue of your's prior to reading the whole article properly.

And yes, we do think different especially on to how to read.
 
betterinvestmentthanshare said:
renovator said:
I didnt open the link .Theres a few here like myself who dont click on links & would prefer a synopsis before wasting time reading worthless links .If its recent why wouldnt they put gsr@ 62....30 is less than half Its like seeing an article thats has the spot price at less then half for me its just a random comment that is not relevant today & imo not worth reading . You obviously think different .
Click to expand...


I think you need to read the article in stead of making pomp-ass assumptions.

Where in the article has it been quoted that the GSR is at 30? It merely states its over 30 and for good reason.

All PM prices stated in article are up to date.

I suggest you hold that nasty tongue of your's prior to reading the whole article properly.

And yes, we do think different especially on to how to read.
Click to expand...
:lol: synopsis ?
Honestly anything that mentions historic GSR of 16.1 is not worth reading
As i mentioned earlier we obviously have differing opinions on whats worth reading ...no big deal dont get your knickers in a twist .
 
SilverPete said:
This bit on silver has me thinking that, rather than silver being undervalued, gold is overvalued:
Historically the gold/silver ratio has been about 16:1. It is now over 30:1 which leads many analysts to conclude that silver is undervalued. However the 16:1 ratio was based on Western valuations and many Asians, especially the Chinese, are much more interested in gold than silver so there is reason to think that the price ratio may be redundant.
Click to expand...
Click to expand...

To be honest I've been thinking this, too. At this point it is just gut feeling (and I trust my gut) that silver is at a fairly decent price but that gold should be between $1,000 and $1,100 USD. At the current price of about $1,300 USD I don't think it is a terrible buy but could be a little lower.

Everyone talks about historical ratios of 16:1 and how price manipulation has under valued silver to keep it low today. I on the other hand seem to think that historically the prices were manipulated more. Back then silver and gold were money made of a certain material and stamped with a set face value. The government controlled the value of the metal because it would otherwise really mess up the economy. What if a gold dollar suddenly became worth more than a silver dollar? It would be like if the far more scarce $2 bill could get you three dollars worth of food while a $1 bill got you just one dollar worth of food. Suddenly those folks with stacks of $2 bills were far more rich over night. Bad times for most of us, good time for nudists. Am I far off here?
 
SilverKendo said:
SilverPete said:
This bit on silver has me thinking that, rather than silver being undervalued, gold is overvalued:
Historically the gold/silver ratio has been about 16:1. It is now over 30:1 which leads many analysts to conclude that silver is undervalued. However the 16:1 ratio was based on Western valuations and many Asians, especially the Chinese, are much more interested in gold than silver so there is reason to think that the price ratio may be redundant.
Click to expand...
Click to expand...

To be honest I've been thinking this, too. At this point it is just gut feeling (and I trust my gut) that silver is at a fairly decent price but that gold should be between $1,000 and $1,100 USD. At the current price of about $1,300 USD I don't think it is a terrible buy but could be a little lower.
Click to expand...
In terms of production costs vs. spot price, it looks like gold has far more room to fall than silver. Gold production costs are typically sub $1000/oz but the production of silver is claimed to be close to or even below the cost of production, although silver is usually a byproduct of the mining of other ores such as copper so I'm not sure how the costs are calculated or if silver can drop even more as long as the price of other ores remains profitable.

y0pdQH9.jpg
 
SilverPete said:
I'll be interested to read people's comments on that information.

This bit on silver has me thinking that, rather than silver being undervalued, gold is overvalued:
Historically the gold/silver ratio has been about 16:1. It is now over 30:1 which leads many analysts to conclude that silver is undervalued. However the 16:1 ratio was based on Western valuations and many Asians, especially the Chinese, are much more interested in gold than silver so there is reason to think that the price ratio may be redundant.
Click to expand...
Click to expand...

If you are comparing direct ratios from the amount of gold/silver in the ground ...

there are about 3.5 gold parts per billion in the Earth and 73 silver parts per billion, which gives a ratio of about 1:21 just taken from the Earth's crust.
 
slvcoins said:
SilverPete said:
I'll be interested to read people's comments on that information.

This bit on silver has me thinking that, rather than silver being undervalued, gold is overvalued:
Historically the gold/silver ratio has been about 16:1. It is now over 30:1 which leads many analysts to conclude that silver is undervalued. However the 16:1 ratio was based on Western valuations and many Asians, especially the Chinese, are much more interested in gold than silver so there is reason to think that the price ratio may be redundant.
Click to expand...
Click to expand...

If you are comparing direct ratios from the amount of gold/silver in the ground ...

there are about 3.5 gold parts per billion in the Earth and 73 silver parts per billion, which gives a ratio of about 1:21 just taken from the Earth's crust.
Click to expand...

That's an interesting statistic. I wonder though if ore deposits are equally accessible and if the energy cost of refining is roughly equivalent?
 
The best guide to selling gold is not buying it in the first place.
Not yellow hate, but what central banks do on its market.
Quite some milk the silver market as inbetween step to gold. They succeed but then central banks take care of 'm.
Statement based on a 44 years 1) silverpeak 2) goldpeak 3) boing sample.
Post 1996 central bank gold sales confirm this.
If I could find their gold sales for 1970-1996 it would help to make that sample basis like it should be.
 
I don't know if that's a coded message, or if I'm being thick, but I don't understand that post at all.

I'm not saying I disagree: I just can't follow the thought process...



(And it's also not meant to be a criticism: your English is better than my Dutch... And I've lived in the Netherlands!)
 
Re-re-reading it, I think you're saying, 'don't try to understand when best to sell gold, it's better never to buy it because the central banks manipulate the price.'

Is that right?
 
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