Since the market opened on Friday, January 2, until last Friday, January 22, silver has gone up $4 or 22.22%.
This in an environment of falling oil prices, Ukraine world tensions, Swiss Franc unpegging, European terrorist action, EU QE, and now the Greek erections. (Love my malapropisms.) Not a black swan per se, but a procession of ugly ducklings.
All silver bought sub $20 is showing a good return, but I believe all sub $24 silver is still a catch, i.e. Past 18 months or so. Today, at over 1% per day, silver will be $90 by the end of this year. (We may wish.) GSR is dropping in line with the silver increase at 6%. At this rate GSR will be sub 35 at the end of the year.
These figures are mathematical and in no way are they a prediction, but as a trend, they demonstrate that maybe some time in the future, maybe within the year, we may want to be flipping silver for gold. You may have noticed that on the Sydney Meat thread, SilverPete is rationalising his stack, it's the way to go. The last thing you want when swapping silver for gold is arguing the premiums of a dozen different silver ounces. I think limiting your stack to only one type of silver is beneficial if you wish to trade out in the future, in a hurry! If you like your variety, other than traders, stick to only one of each, knowing you may keep them in perpetuity, but the main stack should be well known, singular, and cheap.
This strategy should also be incorporated within your SMSF stack, probably more so. And whatever you do, don't sell your stack to your SMSF as it will be costing you 50% in tax.
Lastly, don't keep your savings in the bank at this time, think bail-ins, think Cyprus, think Russia, ignore Switzerland, cash will be king.
"This is a paid political announcement, brought to you by the Sydney Meet."
This in an environment of falling oil prices, Ukraine world tensions, Swiss Franc unpegging, European terrorist action, EU QE, and now the Greek erections. (Love my malapropisms.) Not a black swan per se, but a procession of ugly ducklings.
All silver bought sub $20 is showing a good return, but I believe all sub $24 silver is still a catch, i.e. Past 18 months or so. Today, at over 1% per day, silver will be $90 by the end of this year. (We may wish.) GSR is dropping in line with the silver increase at 6%. At this rate GSR will be sub 35 at the end of the year.
These figures are mathematical and in no way are they a prediction, but as a trend, they demonstrate that maybe some time in the future, maybe within the year, we may want to be flipping silver for gold. You may have noticed that on the Sydney Meat thread, SilverPete is rationalising his stack, it's the way to go. The last thing you want when swapping silver for gold is arguing the premiums of a dozen different silver ounces. I think limiting your stack to only one type of silver is beneficial if you wish to trade out in the future, in a hurry! If you like your variety, other than traders, stick to only one of each, knowing you may keep them in perpetuity, but the main stack should be well known, singular, and cheap.
This strategy should also be incorporated within your SMSF stack, probably more so. And whatever you do, don't sell your stack to your SMSF as it will be costing you 50% in tax.
Lastly, don't keep your savings in the bank at this time, think bail-ins, think Cyprus, think Russia, ignore Switzerland, cash will be king.
"This is a paid political announcement, brought to you by the Sydney Meet."
