What's going on with silver?
Moderator: Global Moderator
- buddtholomew
- Executive Member
- Posts: 2464
- Joined: Fri May 21, 2010 4:16 pm
Re: What's going on with silver?
Same thing that is going on with Gold.
Going down...
Going down...
-
- Executive Member
- Posts: 1675
- Joined: Fri Jul 02, 2010 3:44 pm
Re: What's going on with silver?
Silver is never been cheaper relative to gold as it is at the moment. Very tempted to trade gold for silver. https://www.bullionbypost.co.uk/price-r ... r/alltime/
- Ad Orientem
- Executive Member
- Posts: 3483
- Joined: Sun Aug 14, 2011 2:47 pm
- Location: Florida USA
- Contact:
- Ad Orientem
- Executive Member
- Posts: 3483
- Joined: Sun Aug 14, 2011 2:47 pm
- Location: Florida USA
- Contact:
Re: What's going on with silver?
The silver gold ratio has been very close to 100:1 before. But it is extremely high from an historical perspective. My only advice, is that if you are thinking of making a move into silver, remember that this is speculative. Beyond which I would suggest using a silver ETF if this is not intended as a long term buy and hold position. Silver has some expenses that are not reflected in the fix price quotes in all of the tickers. The first is storage. Silver is a lot bulkier than gold and as I discovered if you have more than around $5k you are going to need a good sized safe deposit box or a safe to store it. The second is the premium you pay for physical, which is almost always much higher than what one pays for gold.murphy_p_t wrote: ↑Fri Nov 09, 2018 1:20 pmSilver is never been cheaper relative to gold as it is at the moment. Very tempted to trade gold for silver. https://www.bullionbypost.co.uk/price-r ... r/alltime/
-
- Executive Member
- Posts: 1675
- Joined: Fri Jul 02, 2010 3:44 pm
Re: What's going on with silver?
Good comments. Storage cost / expense ratio seems to be one of the reasons switching to Silver is not a simple decision.
looking at these ratio charts...they dont agree in the early 90s? From both charts, however I see that the ratio can remain elevated for several years. That silver expense ratio can add up over that time.
https://www.macrotrends.net/1441/gold-to-silver-ratio
https://www.bullionbypost.co.uk/price-r ... r/alltime/
looking at these ratio charts...they dont agree in the early 90s? From both charts, however I see that the ratio can remain elevated for several years. That silver expense ratio can add up over that time.
https://www.macrotrends.net/1441/gold-to-silver-ratio
https://www.bullionbypost.co.uk/price-r ... r/alltime/
- Ad Orientem
- Executive Member
- Posts: 3483
- Joined: Sun Aug 14, 2011 2:47 pm
- Location: Florida USA
- Contact:
Re: What's going on with silver?
Now within spitting distance of 87:1.
Re: What's going on with silver?
The historic high was 100:1. I'd like to buy silver at that point.
- Ad Orientem
- Executive Member
- Posts: 3483
- Joined: Sun Aug 14, 2011 2:47 pm
- Location: Florida USA
- Contact:
Re: What's going on with silver?
- Ad Orientem
- Executive Member
- Posts: 3483
- Joined: Sun Aug 14, 2011 2:47 pm
- Location: Florida USA
- Contact:
Re: What's going on with silver?
Silver now around $15.30. I am now in the black... woo hoo!
-
- Executive Member
- Posts: 5994
- Joined: Wed Dec 31, 1969 6:00 pm
Re: What's going on with silver?
- Ad Orientem
- Executive Member
- Posts: 3483
- Joined: Sun Aug 14, 2011 2:47 pm
- Location: Florida USA
- Contact:
Re: What's going on with silver?
$16.04 oz
Re: What's going on with silver?
Fantastic trade! It took guts!
- Ad Orientem
- Executive Member
- Posts: 3483
- Joined: Sun Aug 14, 2011 2:47 pm
- Location: Florida USA
- Contact:
- dualstow
- Executive Member
- Posts: 14233
- Joined: Wed Oct 27, 2010 10:18 am
- Location: synagogue of Satan
- Contact:
Re: What's going on with silver?
Stumbled upon this thread looking for something else.
Buried Treasure
https://www.bogleheads.org/forum/viewtopic.php?t=68438
Buried Treasure
https://www.bogleheads.org/forum/viewtopic.php?t=68438
Sam Bankman-Fried sentenced to 25 years
- Ad Orientem
- Executive Member
- Posts: 3483
- Joined: Sun Aug 14, 2011 2:47 pm
- Location: Florida USA
- Contact:
Re: What's going on with silver?
kitco close 2019/04/24: $15.00
currently sits at $14.94
Problem with silver is that I love it, and you're not supposed to fall in love with investments right? I still have too much from the $20-50 era and added it to my PP as along term holding so the losses aren't realized. Have done much better buying platinum in the last year in the VP, which is finally getting a nice bounce, I bought about 3x more PPLT than I have silver and I think I'll make up for the silver mistakes with it.
My back up the truck price on silver is $12.50/oz, which would be about 75% off all time highs. Right now the gold stocks are priced at that discount level and that's what I"m buying precious-metals-wise for my VP.
currently sits at $14.94
Problem with silver is that I love it, and you're not supposed to fall in love with investments right? I still have too much from the $20-50 era and added it to my PP as along term holding so the losses aren't realized. Have done much better buying platinum in the last year in the VP, which is finally getting a nice bounce, I bought about 3x more PPLT than I have silver and I think I'll make up for the silver mistakes with it.
My back up the truck price on silver is $12.50/oz, which would be about 75% off all time highs. Right now the gold stocks are priced at that discount level and that's what I"m buying precious-metals-wise for my VP.
- Ad Orientem
- Executive Member
- Posts: 3483
- Joined: Sun Aug 14, 2011 2:47 pm
- Location: Florida USA
- Contact:
Re: What's going on with silver?
Silver is getting hammered. Current spot is $14.68 and the silver gold ratio is now 87:1. Time to go shopping.
- dualstow
- Executive Member
- Posts: 14233
- Joined: Wed Oct 27, 2010 10:18 am
- Location: synagogue of Satan
- Contact:
Re: What's going on with silver?
Hammered copper can also be beautiful.Ad Orientem wrote: ↑Wed May 01, 2019 3:21 pmSilver is getting hammered. Current spot is $14.68 and the silver gold ratio is now 87:1. Time to go shopping.
Sam Bankman-Fried sentenced to 25 years
Re: What's going on with silver?
Gold up, silver and oil down after Tariff Individual One speaks. The next true recession is going to put silver into the basement.
- mathjak107
- Executive Member
- Posts: 4456
- Joined: Fri Jun 19, 2015 2:54 am
- Location: bayside queens ny
- Contact:
Re: What's going on with silver?
we saw that in 2008 when gold was up and silver plunged just like all the other commodities .
Re: What's going on with silver?
This is amazing... a FB memory popped up for me from 2011.
May 7, 2011 at 7:26 AM ·
"About a week or two ago I told a young fellow that silver was going hyperbolic, to sell his silver holdings. I don't think he listened to me."
I don't even remember who I might have spoken to. I don't remember even caring about silver eight years ago. It's like I've been sleepwalking through my own life. Gah.
On May 6 2011, silver was $35.62.
May 7, 2011 at 7:26 AM ·
"About a week or two ago I told a young fellow that silver was going hyperbolic, to sell his silver holdings. I don't think he listened to me."
I don't even remember who I might have spoken to. I don't remember even caring about silver eight years ago. It's like I've been sleepwalking through my own life. Gah.
On May 6 2011, silver was $35.62.
- Ad Orientem
- Executive Member
- Posts: 3483
- Joined: Sun Aug 14, 2011 2:47 pm
- Location: Florida USA
- Contact:
Re: What's going on with silver?
Silver Gold price ratio is closing in on 90:1.
- dualstow
- Executive Member
- Posts: 14233
- Joined: Wed Oct 27, 2010 10:18 am
- Location: synagogue of Satan
- Contact:
Re: What's going on with silver?
Damnit, Jon, you're tempting me to buy! And I do absolutely nothing with this stuff except surprise a few restaurant servers and nieces/nephews. Terrible investment, the physical stuff.
Sam Bankman-Fried sentenced to 25 years
Re: What's going on with silver?
Andrew Hecht wrote on Seeking Alpha:
"As the quarterly chart highlights, the range over the past forty-five years has been from 15.47 to 93.18 with an average of 54.325. When the price relationship moves below 55:1, silver tends to be historically expensive compared to the price of gold. The last time the ratio was below the midpoint was in 2012. When it is above the midpoint level, silver is historically cheap compared to gold and these days, what is cheap is getting cheaper by the day."
I think we'd need silver in the $13s for the ratio to hit 93. Like the 2015 low, $13.70.
As equities were crashing in 2008, silver went briefly below $10. Maybe people needed to sell stuff to pay obligations related to everything else crashing.
$10 silver, $1000 gold?
"As the quarterly chart highlights, the range over the past forty-five years has been from 15.47 to 93.18 with an average of 54.325. When the price relationship moves below 55:1, silver tends to be historically expensive compared to the price of gold. The last time the ratio was below the midpoint was in 2012. When it is above the midpoint level, silver is historically cheap compared to gold and these days, what is cheap is getting cheaper by the day."
I think we'd need silver in the $13s for the ratio to hit 93. Like the 2015 low, $13.70.
As equities were crashing in 2008, silver went briefly below $10. Maybe people needed to sell stuff to pay obligations related to everything else crashing.
$10 silver, $1000 gold?