Do you think silver will beat future inflation?

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dualstow
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Re: Do you think silver will beat future inflation?

Post by dualstow » Wed Oct 26, 2016 11:29 am

College-aged, yes. :-) We'll see how it goes.
In the meantime, it was nice to be able to order online, i.e. to not have to use the phone, and then to drop a check in the mail. Dangerously easy, and might lead to future purchases. I have a blue box half a block from my front door.

I was always under the impression that online orders required a wire transfer & fee or a credit card and the expensive surcharge that comes with it. I'll report on delivery when it happens.
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Re: Do you think silver will beat future inflation?

Post by MachineGhost » Wed Oct 26, 2016 11:47 am

Apmex does charge a surcharge for credit cards. Use web bill pay to avoid it.
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Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet.  I should not be considered as legally permitted to render such advice!
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Re: Do you think silver will beat future inflation?

Post by dualstow » Wed Oct 26, 2016 12:17 pm

MachineGhost wrote:Apmex does charge a surcharge for credit cards. Use web bill pay to avoid it.
I used a personal check.
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Re: Do you think silver will beat future inflation?

Post by dualstow » Mon Nov 07, 2016 2:55 pm

Got the coins today. I didn't realize silver was also very heavy - almost like lead - because I've only bought a few collectibles from the mint here and there, with each coin in a box. This tube is damn heavy. I like it.
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Re: Do you think silver will beat future inflation?

Post by dualstow » Mon Nov 07, 2016 3:30 pm

P.S. from a gold thread today -
Cortopassi wrote:I have a slightly modified holding of 25% gold and 5% silver. So overall precious metals >25%
The markup on silver is really high, isn't it? Thinking about the cost of buying it and then selling it reminds me of some (Chinese) renminbi-denominated traveler's cheques from American Express. The banks in China that would take them charged an 8% fee and I paid something similar to buy them. Gold...under 4% markup.
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Re: Do you think silver will beat future inflation?

Post by ochotona » Mon Nov 07, 2016 9:08 pm

The markup is why I use ETFS for silver. Also it's too bulky, I don't have the space in my safe.
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Re: Do you think silver will beat future inflation?

Post by dualstow » Mon Nov 07, 2016 10:28 pm

It is bulky indeed.
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Re: Do you think silver will beat future inflation?

Post by ochotona » Fri Nov 11, 2016 5:43 am

Interesting strength in silver but weakness in gold. My silver buy orders are going unfilled, my gold orders are hitting. I hope the silver train hasn't left the station for good.
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Re: Do you think silver will beat future inflation?

Post by dualstow » Fri Nov 11, 2016 1:26 pm

ochotona wrote:Interesting strength in silver but weakness in gold. My silver buy orders are going unfilled, my gold orders are hitting. I hope the silver train hasn't left the station for good.
How about now? I just got (yet another) marketing email from Apmex, touting the 5.88% drop in silver's spot price.
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Re: Do you think silver will beat future inflation?

Post by ochotona » Fri Nov 11, 2016 7:35 pm

dualstow wrote:
ochotona wrote:Interesting strength in silver but weakness in gold. My silver buy orders are going unfilled, my gold orders are hitting. I hope the silver train hasn't left the station for good.
How about now? I just got (yet another) marketing email from Apmex, touting the 5.88% drop in silver's spot price.
Being an aimless dreamer, I set my buy for silver at $15. My gold buy was $1260. But I won't buy more gold until it gets back to the Dec 2015 lows. I'm done for now.
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Re: Do you think silver will beat future inflation?

Post by JohnnyFactor » Sat Dec 03, 2016 4:27 pm

I ran across this interesting bit, discussing the possibility of India shifting more of their gold purchasing to silver. Could mean big changes to the silver market if it materializes.

http://qz.com/851315/is-silver-replacin ... 100-years/
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Re: Do you think silver will beat future inflation?

Post by dualstow » Sat Dec 03, 2016 5:00 pm

Very interesting!
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Re: Do you think silver will beat future inflation?

Post by ochotona » Sat Dec 03, 2016 8:58 pm

The gold : silver ratio exhibits variability, and over an extended period of time it reverts to its own very long-term moving average. One argument is that silver is relatively cheaper than gold right now. It's a way to allocate money that you're going to put into metals anyway. You could make an argument that gold:silver > 55 means "buy silver". Right now it is 70. At the extremes, like at ratio > 80 you'd overweight silver, at ratio < 40 you'd overweight gold.

Doug Eberhardt, a San Diego metals dealer, advocates 75% gold / 25% silver allocation for the metals part of one's portfolio. The GLTR ETF is 56% gold, 29% silver, 8% platinum, 7% palladium.

Maybe if we get some economic growth back in the world, silver will become more dear, supposedly it's used in solar panels. With economic growth, "risk-off" sentiments, and higher interest rates, the gold:silver ratio could fall.

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Re: Do you think silver will beat future inflation?

Post by dualstow » Sun Dec 04, 2016 12:25 pm

ochotona wrote:~29% silver, 8% platinum, 7% palladium.
ETFs aside, does anyone buy physical platinum or palladium? Probably not too practical, but I love that one can store so much wealth in such a small space. Non-digital space.
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Re: Do you think silver will beat future inflation?

Post by dualstow » Sat Dec 31, 2016 9:56 am

dualstow wrote:I'm thinking about buying some 1oz silver coins, although not as an investment.
I want to give them out to the kiddies as part of a stocking stuffer this Christmas.


Gave one to a manager/waitress who treats me and my friends well.
She loved it.
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Re: Do you think silver will beat future inflation?

Post by ochotona » Thu Oct 19, 2017 6:12 am

dualstow wrote:
ochotona wrote:~29% silver, 8% platinum, 7% palladium.
ETFs aside, does anyone buy physical platinum or palladium? Probably not too practical, but I love that one can store so much wealth in such a small space. Non-digital space.
Platinum still cheap compared to gold. I don't buy into EVs killing catalytic converters and therefore platinum narrative. Platinum has been cyclically cheap way before anyone cared about Telsa, but this low platinum to gold ratio range is way to the left in the histogram. Last bucket, actually. Golddealer.com has a great price on the platypus coin.
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Re: Do you think silver will beat future inflation?

Post by Hal » Thu Oct 19, 2017 1:50 pm

Some silver monetary history, courtesy of Hugo Salinas Price.

http://plata.com.mx/enUS/More/331?idioma=2

Like the Eagle story at the beginning....
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Re: Do you think silver will beat future inflation?

Post by dualstow » Thu Oct 19, 2017 2:53 pm

Hal wrote:Some silver monetary history, courtesy of Hugo Salinas Price.
http://plata.com.mx/enUS/More/331?idioma=2
Like the Eagle story at the beginning....
Good stuff. O0
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Re: Do you think silver will beat future inflation?

Post by ochotona » Thu Jan 25, 2018 10:17 pm

I'm back to thinking about silver. I am thinking lately that if we get another recession in a few years, the price will go down, due to the industrial demand, which will be suppressed. So I like the idea of silver, I don't like the absolute price, regardless of what the gold:silver ratio is doing. So I kind of scratch my head and wonder about it. I like a little bit just for art's sake.
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Re: Do you think silver will beat future inflation?

Post by Vil » Wed Jan 15, 2020 11:15 am

ochotona wrote:
Thu Jan 25, 2018 10:17 pm
I'm back to thinking about silver. I am thinking lately that if we get another recession in a few years, the price will go down, due to the industrial demand, which will be suppressed. So I like the idea of silver, I don't like the absolute price, regardless of what the gold:silver ratio is doing. So I kind of scratch my head and wonder about it. I like a little bit just for art's sake.
Did you finally end up buying silver ? I am now wondering whether to buy a good enough portion of it, for my VP. Scratching my head, reading articles (avoiding sites that are anyway selling gold/silver/other PMs), trying to use my common (?) sense .. I know it might sound overly simplified, but how much lower can it go down in price from now - 10%, more..? If it goes up, that's another story. Gold to silver ratio is just a very nice data-mining exercise for me. Supply/demand figures for its industrial usage may sound sensible, although still wondering why after so many years of shortages the price is still at those base levels..
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Re: Do you think silver will beat future inflation?

Post by dualstow » Wed Jan 15, 2020 12:32 pm

Vil wrote:
Wed Jan 15, 2020 11:15 am
.. I know it might sound overly simplified, but how much lower can it go down in price from now - 10%, more..?
It’s not even at its 52-week low. How low could it go? I think it could go very low indeed. Why not US$2?
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Re: Do you think silver will beat future inflation?

Post by Vil » Wed Jan 15, 2020 12:39 pm

dualstow wrote:
Wed Jan 15, 2020 12:32 pm
Why not US$2?
According to various sources, the mining cost is approximately 9 to 12 USD. But ok, you have a point, I guess.
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Re: Do you think silver will beat future inflation?

Post by dualstow » Wed Jan 15, 2020 1:22 pm

I don’t think it will drop so precipitously, but it certainly could.
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