Gold/silver ratio
- Thread starter openeyes
- Start date
forgedinfire
Member
Can anyone with a bit more experience in this arena and with historical events enlighten me about whether or not we are going to be able to acquire silver at this lower spot, it just seems like the dealers are going to maintain these massive premiums, is that going to stop?
Best thing to do now is call up bullionnow and ask to buy unallocated and when things settle convert it to physical.
Jason1
Well-Known Member
ok, depends how long this goes on for. I was buying then, at first no they hung onto it, but when people found they were forced to sell their stacks you could. So depends on how broke people get and how long this goes on for.
that is why people say stack cash as well as metal, so you dont end up being one of those poor bastards having to sell at a loss, instead you can be the guy buying their cheap metals.
Certainly starting to look quite likely. The scenario is very closely related so I think there are strong similarities. If we get $10 USD I would expect the AUD/USD to be around 0.50 so AUD price would be $20. But then again we might see that tonight. $10 USD that is.
I second that. It takes some time for thing to normalise at that level and then silver becomes more available. Dealer will have high margins for extended times though.
minimilled
Active Member
For $10, I’d expect 20% unemployment and widespread death of the elderly not just from the virus, but from the virus taking out healthcare workers and displacing run of the mill emergencies
Could happen, but you wouldn’t wish for it
forgedinfire
Member
That is basically what I envisioned, I can see what @Jason1 was saying about people selling off to get themselves out of strife being a factor too.
Unfortunately all of that is on the cards in the short to medium term.
minimilled
Active Member
I don’t see anyone selling physical. This is paper. Futures. Maybe the ETFs.
Look at SS trading tonight. 2 bidders go “I retract my bid” lol
Look at SS trading tonight. 2 bidders go “I retract my bid” lol
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Dreamy theory, but if that were the case no one would ever reference "spot price".
minimilled
Active Member
Can’t see it in the short term (3 months) for unemployment outside of the casual FTF retail market especially cafe culture in the big cities. Medium term, possibly pretty bad, but 20% is steep stuff, basically depression. Let’s hope not. In that circumstance, the RE market is going to collapse and with it the banks.
For death, one extra issue is potentially a lot of RE stock coming onto the markets in Sydney and Melbourne, dropping the markets.
minimilled
Active Member
There’s a broad market sell off now. Was even an ounce sold here tonight?
minimilled
Active Member
I see little silver stock available at major retail in the US at this price. It is there at one site, but that site reserves the right to do anything, so no guarantees of a contract.