GSR ratio almost 80:1

J

-j-p-shmorgan

New Member
Anyone swapped gold for silver?
Your thoughts for long term holding?

My thoughts are that over the long term, silver's value will multiply far greater than gold at these current prices...
Is that good thinking?? lol
 
Yes I agree.
If people go for safety ,not currency, and silver loses
its industrial value because of industrial collapse.
/non sarc
 
If you want something at super lows then you should look into some platinum. Cheapest it's been since 2006 or so. That has similar industrial implications but is much more scarce and will likely run dry sooner. Think back to what gold and silver were in 2006 and imagine that's where the prices were, we'd all be backing up trucks like crazy.

Inflation adjusted its actually as cheap as it was in 2003 roughly when it hit $800 for the first time. That's crazy.
 
A lot of stacker here on SS missed the boat around 08/10...Silver/GR went from 75/80 TO LESS THAN 40 ...

What an opportunity was missed by the some 300 members who were stackers at the time...

I was one of them...Won't happen again I keep telling myself.

Regards Errol 43
 
phrenzy said:
If you want something at super lows then you should look into some platinum. Cheapest it's been since 2006 or so. That has similar industrial implications but is much more scarce and will likely run dry sooner. Think back to what gold and silver were in 2006 and imagine that's where the prices were, we'd all be backing up trucks like crazy.

Inflation adjusted its actually as cheap as it was in 2003 roughly when it hit $800 for the first time. That's crazy.
Click to expand...

I think that title goes to Rhodium!

And the price keeps on decreasing. Pity the guy who bought at 10,000! :P

rh1825lnb.jpg
 
If I ever swap gold for silver, it is only to swap low premium gold for semi-numis silver just for insurance sake.
 
phrenzy said:
If you want something at super lows then you should look into some platinum. Cheapest it's been since 2006 or so. That has similar industrial implications but is much more scarce and will likely run dry sooner. Think back to what gold and silver were in 2006 and imagine that's where the prices were, we'd all be backing up trucks like crazy.

Inflation adjusted its actually as cheap as it was in 2003 roughly when it hit $800 for the first time. That's crazy.
Click to expand...

I know there have been major South African mining problems with platinum.
The only reason it isn't going to the moon is lack of demand.

In the future, what will be the main driver of platinum aside from investor demand?
Will people finally realize it's 30X rarer than gold & value it properly? lol
 
-j-p-shmorgan said:
The only reason it isn't going to the moon is lack of demand.
In the future, what will be the main driver of platinum aside from investor demand?
Will people finally realize it's 30X rarer than gold & value it properly? lol
Click to expand...

I thought about getting some Platinum but then came to that realisation as well. Sure it's "cheap" when you look at the 10 year chart, but I just can't see good reasons for an upside.
 
A few ounces of Platinum never hurt a portfolio.

Stacking silver and platinum is the ticket. :)

Silver has more percentage upside and platinum is a no brainer for those folk who have a medium to long term view.

Pretty sure, there will demand for silver and platinum in the future and of course series 2 1oz gold Dragons. ;)
 
SilverDJ said:
-j-p-shmorgan said:
The only reason it isn't going to the moon is lack of demand.
In the future, what will be the main driver of platinum aside from investor demand?
Will people finally realize it's 30X rarer than gold & value it properly? lol
Click to expand...

I thought about getting some Platinum but then came to that realisation as well. Sure it's "cheap" when you look at the 10 year chart, but I just can't see good reasons for an upside.
Click to expand...

The reasons are the same of silver: they are both industrial metals and they are both used for jewellery, they are both apparently cheap compared to gold at the moment by looking at their average ratio to gold. Platinum has the advantage of a much larger fiat density compared to silver but silver is more liquid when you look at the standard 1oz weight.

Still, neither is like gold simply because gold is stacked by central banks.
 
SilverDJ said:
-j-p-shmorgan said:
The only reason it isn't going to the moon is lack of demand.
In the future, what will be the main driver of platinum aside from investor demand?
Will people finally realize it's 30X rarer than gold & value it properly? lol
Click to expand...

I thought about getting some Platinum but then came to that realisation as well. Sure it's "cheap" when you look at the 10 year chart, but I just can't see good reasons for an upside.
Click to expand...

Yeah, same. BUT....Once the demand is there...it will take off like crazy.
Especially with major production issues in the main place it's mined.

The question remains - aside from Jewelry & investments....what is it going to be used for in the future?
If some new technology were to require a substantial amount of platinum, you can count on a major swing upwards.
Personally, I can wait until it's starting to get strong support to invest into the upside.
 
GSR is jumping around a bit, just made a break for it, maybe it will go a bit higher this time.
 
-j-p-shmorgan said:
Anyone swapped gold for silver?
Your thoughts for long term holding?
My thoughts are that over the long term, silver's value will multiply far greater than gold at these current prices...
Is that good thinking?? lol
Click to expand...

Not necessarily.
The GSR can drop back to 30:1 and silver doesn't have to move cent. Gold can just drop whilst silver goes nowhere.
Of course that would still be a wise move if you are currently in gold and switch to silver - you won't gain anything, but you'll avoid the losses.
It's just a gamble either way.
 
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