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Re: What's going on with silver?

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

Re: What's going on with silver?

Posted: Fri May 17, 2019 10:28 am
by dualstow
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.

Re: What's going on with silver?

Posted: Sat May 18, 2019 7:08 am
by ochotona
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?

Re: What's going on with silver?

Posted: Fri May 31, 2019 2:30 pm
by Ad Orientem
Gold $1310.90
Silver $14.56

Silver Gold price ratio = 90.03:1

Holy crap!

Re: What's going on with silver?

Posted: Fri May 31, 2019 6:04 pm
by ochotona
The 45 year high is supposedly 93.18

Re: What's going on with silver?

Posted: Wed Jul 10, 2019 11:46 pm
by Ad Orientem
And we are at 93.12...

I am starting to seriously consider swapping some gold for silver.

Re: What's going on with silver?

Posted: Thu Jul 11, 2019 12:07 pm
by ochotona
Ad Orientem wrote:
Wed Jul 10, 2019 11:46 pm
And we are at 93.12...

I am starting to seriously consider swapping some gold for silver.
My new 100 oz silver bar is great. I got it for only $0.75 over spot (per ounce). Maybe they'll ship bars to you.

http://www.houstoncoins.com

Re: What's going on with silver?

Posted: Thu Jul 11, 2019 3:16 pm
by Ad Orientem
ochotona wrote:
Thu Jul 11, 2019 12:07 pm
Ad Orientem wrote:
Wed Jul 10, 2019 11:46 pm
And we are at 93.12...

I am starting to seriously consider swapping some gold for silver.
My new 100 oz silver bar is great. I got it for only $0.75 over spot (per ounce). Maybe they'll ship bars to you.

http://www.houstoncoins.com
I picked up 3 kilo bars a couple of months back when silver was once again under $15 oz. I've always wanted a 100 oz bar. :P

Re: What's going on with silver?

Posted: Thu Jul 11, 2019 3:29 pm
by dualstow
They should make a 50 kg bar that lazy thieves would have to ignore.