Gyroscopic Investing

Ad Orientem wrote: ↑Wed Nov 27, 2019 3:29 pm JM Bullion has 10 oz bars on sale for .29 cents over spot. I hate these evil bastards. They are like pushers waving my drug of choice under my nose at a cut rate price.

https://www.jmbullion.com/on-sale/?con ... 9zubgamux#

Better not visit Perth then

Additional Weights
Additional silver bullion cast bars up to 1,000oz can be purchased from The Perth Mint by contacting our Bullion Desk:
1300 201 112 Australia only
+61 8 9421 7218 International Callers*
E-mail: info@perthmintbullion.com

I personally like the 1 kilo bars. Here is one to covet.

https://www.jmbullion.com/1000-gram-pam ... ilver-bar/

Also, I think the price of silver may go up because from my laymen's research it seems like the cost of producing silver is somewhere in the range of 12 to 15 dollars. At that price as the miners go bust the demand will start to exceed supply - pushing the price up. No idea how high but right now it seems cheap.

Silver today...

https://i.imgflip.com/1qujdw.jpg

Silver today...

Wow, that is a big drop indeed.
Silver is antibacterial, but apparently not antiviral.

dualstow wrote: ↑Fri Feb 28, 2020 10:20 am Wow, that is a big drop indeed.
Silver is antibacterial, but apparently not antiviral.

Silver/gold price ratio... 98:1.

Gold up, silver down

This is a good example of silver's weakness. Being an industrial metal is weighing heavily on it with the global economy is going into full panic mode.

AJPM dot com says

We currently have no live silver product at any of our locations.

dualstow wrote: ↑Mon Mar 16, 2020 11:51 am AJPM dot com says

We currently have no live silver product at any of our locations.

https://online.kitco.com/buy/100710P/10 ... er-100710P

Ooh, AJPM should buy some of that.

I'm going to buy some SIVR.

On 18/03 I bought quite some silver ETF shares (if I have to be precise - VZLC).
Normally, I step lightly in such occasions given the invested amount, but simply was not able to resist those 2009-ish price levels... And IMHO that might be quite close to the bottom this asset can have relevant to the current USD buying power (unless people realize they can't eat silver, but that's far too pessimistic scenario). Today there's a good increase, but honestly I do not count on those short term +/- fluctuations..

Vil wrote: ↑Fri Mar 20, 2020 8:04 am On 18/03 I bought quite some silver ETF shares (if I have to be precise - VZLC).
Normally, I step lightly in such occasions given the invested amount, but simply was not able to resist those 2009-ish price levels... And IMHO that might be quite close to the bottom this asset can have relevant to the current USD buying power (unless people realize they can't eat silver, but that's far too pessimistic scenario). Today there's a good increase, but honestly I do not count on those short term +/- fluctuations..

Don't mention this on bogleheads or they will be CERTAIN to inform people that they can't eat silver!

ochotona wrote: ↑Mon Mar 16, 2020 9:07 pm I'm going to buy some SIVR.

I was just reviewing this thread viewtopic.php?f=10&t=8759&start=24 in which you said

Being an aimless dreamer, I set my silver buy at $15

(page 3)

Silver has been an interesting ride. As I type, the spot price is $12.64 and maybe _____ each to actually buy 10oz
(Oop, I can’t fill in today’s price because it’s out of stock)

Libertarian666 wrote: ↑Fri Mar 20, 2020 8:19 am Don't mention this on bogleheads or they will be CERTAIN to inform people that they can't eat silver!

Promise, I will not. Stopped attending their forum once I realized (unfortunately, and not that I am ill) I may enjoy not that long life. And I think, long life is a must-have if one decide to follow their "common sense" advice.

What does that mean? Had your genes analyzed and found a risky heart condition?

Thanks for asking, but no, simply it does mean, I count on not seeing my important money (some people name them "money they cant afford to lose") disappearing with tremendous speed, and then waiting ages to recover. With those important money I prefer to have more gradual approach. Well, for sure there are guys in BH forum that really appear to know what they're talking about, and they're covering wide range of topics too, but the mantras they're repeating are just not for me.

Sorry, if what I am saying sounds too trivial or already said millions of times - simply I can't say anything else.

Ahh, I see. I’m glad that's not the case. Not trivial at all.

While I'm looking at spreads, you guys might find this interesting. This is the GLD to SLV weekly spread going all the way back to the start of 2007. A couple interesting things. First, since 2011 we have been in a very clean and defined channel of gold out performing silver. We just broke out above the channel. Most (but not all) channel breakouts eventually fail and come back into the channel. Second, we just set an all-time high on RSI of 90. The next highest RSI read was in Oct 2008 right before silver broke out relative to gold. There are a couple other RSI breakouts in between there that failed to mean revert, so no guarantees. But SLV is looking tempting if this starts to break down.

Thanks for sharing it. Indeed, my understanding is the same as yours. I got well enough of it (ETF equivalent of ~100 kg), now have to do nothing and wait. Regarding the price - again I have a simplified view of how it works - I think the production cost cannot be beaten down in a sustainable manner and over long periods of time.

Vil wrote: ↑Mon Mar 23, 2020 3:53 am Thanks for sharing it. Indeed, my understanding is the same as yours. I got well enough of it (ETF equivalent of ~100 kg), now have to do nothing and wait. Regarding the price - again I have a simplified view of how it works - I think the production cost cannot be beaten down in a sustainable manner and over long periods of time.

Ah, yes... the cost of production...

For oil it's important because every barrel of oil produced gets used. So if you go below cost of production, wells get shut in, and eventually the glut fixes itself.

But most gold ever mined is still in circulation; very little lost. So the price of production is not so relevant, because miners are "competing" against the entire world stock of gold ever mined from time immemorial.

Silver... somewhere in-between, because it' somewhat industrial, somewhat monetary.

Do not disagree. Indeed, for Gold has read somewhere that more than 98% of the Gold ever mined since ancient times is still in circulation. For Silver its just the opposite - quite of it is kind of lost given its (IMHO) more of a industrial metal than monetary those days. And the price of recuperation from 'exhausted' goods is too high to be worth. Let's see, I am happy with my silver purchase even though not be able to see it (can play with some of my Austrian philharmonics to compensate )

The gold silver ratio is so compressed... 111:1 my goodness

I sold some AAAU and bought some silver miners... iShares SLVP ETF. Performs a bit better than SIL. Lower expense ratio.

At least if I'm going to get "paper silver" I might as well get some companies and dividends instead of whatever it is you get with a SLV. A promise.