What's going on with silver?

Discussion of the Gold portion of the Permanent Portfolio

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dualstow
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Re: What's going on with silver?

Post by dualstow » Sun Sep 23, 2018 11:26 am

Seems like silver could fall into single digits for any number of reasons.
If that happened, and the spread were not too crazy, I’d find it hard not to buy. Pricey poker chips in the worst case scenario.
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Re: What's going on with silver?

Post by Kbg » Mon Sep 24, 2018 1:56 pm

ochotona wrote:
Sun Sep 23, 2018 8:38 am
No kidding, my gold holdings would weigh 655 lbs if silver. But that was before the boat accident.

Pirate attack?
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Re: What's going on with silver?

Post by ochotona » Mon Sep 24, 2018 2:55 pm

Kbg wrote:
Mon Sep 24, 2018 1:56 pm
ochotona wrote:
Sun Sep 23, 2018 8:38 am
No kidding, my gold holdings would weigh 655 lbs if silver. But that was before the boat accident.
Pirate attack?
My canoe capsized and all the precious metals went to the bottom of the Mariana Trench in the Pacific Ocean.
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Re: What's going on with silver?

Post by Tortoise » Mon Sep 24, 2018 10:59 pm

ochotona wrote:
Mon Sep 24, 2018 2:55 pm
My canoe capsized and all the precious metals went to the bottom of the Mariana Trench in the Pacific Ocean.
Ah yes, there's nothing more relaxing than canoeing in the middle of the ocean, hundreds of miles from the nearest dry land ;)
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Re: What's going on with silver?

Post by Kbg » Tue Sep 25, 2018 7:58 am

ochotona wrote:
Mon Sep 24, 2018 2:55 pm
Kbg wrote:
Mon Sep 24, 2018 1:56 pm
ochotona wrote:
Sun Sep 23, 2018 8:38 am
No kidding, my gold holdings would weigh 655 lbs if silver. But that was before the boat accident.
Pirate attack?
My canoe capsized and all the precious metals went to the bottom of the Mariana Trench in the Pacific Ocean.
There you have it...I’ve been arguing for months that gold ETFs are safer than physical. :-)
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Re: What's going on with silver?

Post by Ad Orientem » Tue Sep 25, 2018 2:14 pm

ochotona wrote:
Mon Sep 24, 2018 2:55 pm
Kbg wrote:
Mon Sep 24, 2018 1:56 pm
ochotona wrote:
Sun Sep 23, 2018 8:38 am
No kidding, my gold holdings would weigh 655 lbs if silver. But that was before the boat accident.
Pirate attack?
My canoe capsized and all the precious metals went to the bottom of the Mariana Trench in the Pacific Ocean.

Canoeing over the Mariana Trench? You do realize that this is where the Megalodons are hiding? Even if not them, then there are other wildlife out there that would like to turn you into an hors d'oeuvre...

https://youtu.be/jnlndVVogSQ
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Re: What's going on with silver?

Post by Ad Orientem » Fri Sep 28, 2018 11:15 am

Silver bouncing... up near 3%. I am back at break even, maybe a tick in the black on my speculation... woo hoo!
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Re: What's going on with silver?

Post by dualstow » Fri Sep 28, 2018 11:24 am

Ad Orientem wrote:
Fri Sep 28, 2018 11:15 am
Silver bouncing... up near 3%. I am back at break even, maybe a tick in the black on my speculation... woo hoo!
Well, enjoy your five minutes. O0
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Re: What's going on with silver?

Post by Ad Orientem » Fri Sep 28, 2018 11:31 am

dualstow wrote:
Fri Sep 28, 2018 11:24 am
Ad Orientem wrote:
Fri Sep 28, 2018 11:15 am
Silver bouncing... up near 3%. I am back at break even, maybe a tick in the black on my speculation... woo hoo!
Well, enjoy your five minutes. O0
8)
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Re: What's going on with silver?

Post by ochotona » Fri Nov 09, 2018 5:43 am

Gold silver ratio 85-ish. I'm not buying anything though. Just holding still.
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Re: What's going on with silver?

Post by buddtholomew » Fri Nov 09, 2018 10:32 am

Same thing that is going on with Gold.
Going down...
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Re: What's going on with silver?

Post by murphy_p_t » 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/
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Re: What's going on with silver?

Post by Ad Orientem » Fri Nov 09, 2018 1:22 pm

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.
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Re: What's going on with silver?

Post by Ad Orientem » Fri Nov 09, 2018 1:27 pm

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.
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Re: What's going on with silver?

Post by murphy_p_t » Fri Nov 09, 2018 7:39 pm

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/
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Re: What's going on with silver?

Post by Ad Orientem » Fri Nov 30, 2018 3:36 pm

Now within spitting distance of 87:1.
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Re: What's going on with silver?

Post by ochotona » 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.
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Re: What's going on with silver?

Post by Ad Orientem » Wed Dec 05, 2018 10:45 pm

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!
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Re: What's going on with silver?

Post by Ad Orientem » Thu Dec 27, 2018 9:12 pm

Silver now around $15.30. I am now in the black... woo hoo!
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Re: What's going on with silver?

Post by Libertarian666 » Sat Dec 29, 2018 11:49 pm

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. :P
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Re: What's going on with silver?

Post by Ad Orientem » Wed Jan 30, 2019 1:45 pm

$16.04 oz ;D
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Re: What's going on with silver?

Post by ochotona » Wed Jan 30, 2019 5:32 pm

Fantastic trade! It took guts!
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Re: What's going on with silver?

Post by Ad Orientem » Wed Jan 30, 2019 7:32 pm

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.
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Re: What's going on with silver?

Post by dualstow » Fri Feb 01, 2019 5:50 pm

Stumbled upon this thread looking for something else.
Buried Treasure

https://www.bogleheads.org/forum/viewtopic.php?t=68438
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Re: What's going on with silver?

Post by dualstow » Tue Mar 05, 2019 11:44 am

$15.07, not so great.
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