TreasureHunter
Well-Known Member
What I see is that Australia has been living off the natural resources, pretty much like Russia.
I'm not saying Australia is merely living off of natural resources.
Gold/silver ratio
- Thread starter openeyes
- Start date
What I see is that Australia has been living off the natural resources, pretty much like Russia.
I'm not saying Australia is merely living off of natural resources.
Riiiighht.. the yanks are making about half as much as equivalent STEM roles back in Aus. 10 days annual leave a year instead of 4 weeks. 3 weeks maternity leave for women.
Then you have a significant portion of the labour force being Mexicans who don’t complain about shit.
the kind of shit the unions pull in Aus makes people’s jaws drop here. Trying to explain ‘Union picnic day’ as a day off for factory workers in my previous job in Aus (because they were jealous of another Union’s benefits) was impossible.
Mate, the kind of shit I've seen the unions pull here has made my jaw drop too.
Having worked in heavy industry all my life, I have seen first-hand the unions whittle away any incentive for companies to stay in Oz and put up with their shit.
GSR Spot Price
AUD
$2520.09 divided by $25.46 = 98.9823
GSR is about 98.98
USD
$1730.26 divided by $17.48 = 98.9851
GSR is about 98.99
Red stuff on a meat pie. https://goldprice.org/gold-price-australia.html
AUD
$2520.09 divided by $25.46 = 98.9823
GSR is about 98.98
USD
$1730.26 divided by $17.48 = 98.9851
GSR is about 98.99
Red stuff on a meat pie. https://goldprice.org/gold-price-australia.html
Manufacturing can easily be brought back in this country. But we are all addicted to cheap junk.
Here is a super easy industry that can be completely brought back, as it has not completely gone yet.
Truck/ute body/tray building. Why allow Toyota/Hino/Isuzu and the like to bring in Utes and small trucks with factory trays (which are junk)
Change the law as of tomorrow every cab chassis coming into this country can not have body on it period, if it does, add an additional 100% tax on it.
Start with things up to say GVM of 7 ton, next year make it across the board.
Evey ute, tipper, tray and a like would be built in this country, some are as we speak but the recent Hino/Isuzu change with there factory fitted bodies are a huge assault on local manufacturing.
O that's right we can't do that because Hino/Isuzu as a corporation has the same 'rights' in fact more than a living person.
FYI the word corporate derives from the word 'corpse' as its dead/no face, in turn should have zero rights.
Back to the GSR currently as 99 to 1
Timmy
Here is a super easy industry that can be completely brought back, as it has not completely gone yet.
Truck/ute body/tray building. Why allow Toyota/Hino/Isuzu and the like to bring in Utes and small trucks with factory trays (which are junk)
Change the law as of tomorrow every cab chassis coming into this country can not have body on it period, if it does, add an additional 100% tax on it.
Start with things up to say GVM of 7 ton, next year make it across the board.
Evey ute, tipper, tray and a like would be built in this country, some are as we speak but the recent Hino/Isuzu change with there factory fitted bodies are a huge assault on local manufacturing.
O that's right we can't do that because Hino/Isuzu as a corporation has the same 'rights' in fact more than a living person.
FYI the word corporate derives from the word 'corpse' as its dead/no face, in turn should have zero rights.
Back to the GSR currently as 99 to 1
Timmy
TreasureHunter
Well-Known Member
If the "SHTF" thing continues (which I think it will for a while), then I see people buyin' more gold, rather than silver.
Sawman
Member
Good historical view of G-S ratio:
https://www.marketwatch.com/story/t...estment-to-shine-2020-06-21?mod=mw_latestnews
https://www.marketwatch.com/story/t...estment-to-shine-2020-06-21?mod=mw_latestnews
TreasureHunter
Well-Known Member
It was 126 in April. 20 would be a great "gift", but during economic downturn I think it's less likely that silver will rise.
I'm thinkin' (just thinkin...), maybe:
- silver will start rising as the economies will recover gradually (I don't know when that might happen)
- but right now it's gold that'll be king
- silver's price is cheap now, but it will rise as the industries start movin' (not now, because gold is a better safe haven asset)
Central Banks are secretly supporting the up trend in gold, they announce stopping of their many gold accumulations but can't help to let it go (they will come back to push it even way higher)
Silver is just following gold, and soon $20 is the new support
TreasureHunter
Well-Known Member
Elaborate more on this, please!
I do agree that some of them are supporting the gold uptrend (like China, some smaller countries, Russia), but I'd really like hear what you have to say
Indeed, perhaps they're using Corona as a "gradual process" to shift towards the new financial system. They will make sure they exploit Corona as much as possible, otherwise people will turn on them like sharks.
Got some level at 89-90 we may consolidate there
TreasureHunter
Well-Known Member
It's darn expensive to buy a mere ounce. Premiums are around 80-100% above spot.
This is the Twilight Zone. Silver is nice if you already have. Gold is king.
This is the Twilight Zone. Silver is nice if you already have. Gold is king.
Still not low enough but dropping in it's own slooooowwwww way.
It wont be long now.
It wont be long now.
I have the feeling that retail gorging is what is stopping silver spot from rising. The super high premiums is acting like a huge GST or VAT depressing retail demand. Once mint supplies come online, which is happening now, the premiums will plunge as retailers rush to offload their new stock.