Gyroscopic Investing

Same thing that is going on with Gold.
Going down...

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/

ochotona wrote: ↑Fri Nov 09, 2018 5:43 am Gold silver ratio 85-ish. I'm not buying anything though. Just holding still.

Same here... for now.

murphy_p_t wrote: ↑Fri Nov 09, 2018 1:20 pm 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/

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.

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/

Now within spitting distance of 87:1.

Ad Orientem wrote: ↑Fri Nov 30, 2018 3:36 pm Now within spitting distance of 87:1.

The historic high was 100:1. I'd like to buy silver at that point.

ochotona wrote: ↑Fri Nov 30, 2018 5:31 pm

Ad Orientem wrote: ↑Fri Nov 30, 2018 3:36 pm Now within spitting distance of 87:1.

The historic high was 100:1. I'd like to buy silver at that point.

So would I!

Silver now around $15.30. I am now in the black... woo hoo!

ochotona wrote: ↑Fri Nov 30, 2018 5:31 pm

Ad Orientem wrote: ↑Fri Nov 30, 2018 3:36 pm Now within spitting distance of 87:1.

The historic high was 100:1. I'd like to buy silver at that point.

I bought near the historic low, at 17-1.

No prizes for guessing how that turned out.

$16.04 oz

Fantastic trade! It took guts!

ochotona wrote: ↑Wed Jan 30, 2019 5:32 pm Fantastic trade! It took guts!

It's not a fantastic trade until I hit the SELL button and take the profit. But I do feel somewhat vindicated in the analysis behind my little speculation.

Stumbled upon this thread looking for something else.
Buried Treasure

https://www.bogleheads.org/forum/viewtopic.php?t=68438

$15.07, not so great.

dualstow wrote: ↑Tue Mar 05, 2019 11:44 am $15.07, not so great.

The glass is always half full. If it drops below $15 oz I am going to buy some more.

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.

Silver is getting hammered. Current spot is $14.68 and the silver gold ratio is now 87:1. Time to go shopping.

Ad Orientem wrote: ↑Wed May 01, 2019 3:21 pm Silver is getting hammered. Current spot is $14.68 and the silver gold ratio is now 87:1. Time to go shopping.

Hammered copper can also be beautiful.

Gold up, silver and oil down after Tariff Individual One speaks. The next true recession is going to put silver into the basement.

we saw that in 2008 when gold was up and silver plunged just like all the other commodities .

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.

Silver Gold price ratio is closing in on 90:1.

Ad Orientem wrote: ↑Fri May 17, 2019 8:53 am Silver Gold price ratio is closing in on 90:1.

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.

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?