Gold/silver ratio
- Thread starter openeyes
- Start date
I was at BS, there were about 15 customers in there, never seen so many, some making new orders. It’s crazy if you consider their crazy premiums, 14% for gold bar and over 40% for silver. They were right to raise the premium, otherwise we will have to queue outside.
Grizzly
Active Member
I was just on their website, thought I would stash some more silver in their vaults. But I kept having to check and re-check the price because the premium is insane right now. They lost a sale from me, but they seem to be running low on stock so I doubt they will notice.
I was just on their website, thought I would stash some more silver in their vaults. But I kept having to check and re-check the price because the premium is insane right now. They lost a sale from me, but they seem to be running low on stock so I doubt they will notice.
Their business is actually very good despite having the highest prices. It shows that marketing is the key and silver lacks marketing.
I was reading around and some stackers buy ETF (SLV for silver and PPLT for pt) when spot is low (when physical are all sold out or have high premiums), and then sell it when it rises and use the profit to buy physical. This sounds like a good strategy, but ironically, works well only if spot falls really low like $10 - I'm sure some of us here will be screaming if it happens.
If spot really drops to $9 or $10, won't this strategy be a feasible one?
Would there be any risk that SLV may break away from the spot?
If spot really drops to $9 or $10, won't this strategy be a feasible one?
Would there be any risk that SLV may break away from the spot?
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forgedinfire
Member
I have not seen that before either but then again we are in unprecedented times and I don't say that lightly.
I just bought 200 SLV to test the idea.
Well, it's spot silver. Fake price. Don't be surprised if it returns back to $17 (the real price) in 2 days.
Of course, it could fall further to $9. If it falls to $9, I'll be backing up the truck on SLV.
The problem with silver is that she's not a girl you'd bring home to meet your family
The last time I bought silver home my wife made me keep it outside. Something about dirty trash from the side of the road.The problem with silver is that she's not a girl you'd bring home to meet your family
My wifey doesn't know the difference between gold and silver. A lot of people in Singapore haven't seen silver bullion. I've never seen silver bullion before 2018.
madaw1
Well-Known Member
I'd like your accurateness and sense of humor....
From the look of it, $9 spot and lower is highly possible. People are already talking about negative priced oil - meaning, the buyer gets paid by the seller to pickup the oil. The deflationary force is very strong.
Wow, I just saw copper. Now $2.18 pound.
Wow, I just saw copper. Now $2.18 pound.
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BiGs
Active Member
You can definitely hedge a buy price with SLV. the CFD spot market is good too, as you don't have to have all the cash handy to do it. Good for a rush hedge. Smaller margins too. Forward/futures silver markets also have no holding fees like an ETF, also with leverage. These markets do have liquidity issues in these times though, but I would think commodity ETFs would have the same issues.
