What's going on with silver?

Discussion of the Gold portion of the Permanent Portfolio

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Ad Orientem
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Re: What's going on with silver?

Post by Ad Orientem » Fri May 17, 2019 8:53 am

Silver Gold price ratio is closing in on 90:1.
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Re: What's going on with silver?

Post by dualstow » Fri May 17, 2019 10:28 am

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.
El Chapo’s family to compensate those who lost relatives in botched arrest. Isn’t that sweet.
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Re: What's going on with silver?

Post by ochotona » Sat May 18, 2019 7:08 am

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?
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Re: What's going on with silver?

Post by Ad Orientem » Fri May 31, 2019 2:30 pm

Gold $1310.90
Silver $14.56

Silver Gold price ratio = 90.03:1

Holy crap!
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Re: What's going on with silver?

Post by ochotona » Fri May 31, 2019 6:04 pm

The 45 year high is supposedly 93.18
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Re: What's going on with silver?

Post by Ad Orientem » Wed Jul 10, 2019 11:46 pm

And we are at 93.12...

I am starting to seriously consider swapping some gold for silver.
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Re: What's going on with silver?

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

Post by Ad Orientem » Thu Jul 11, 2019 3:16 pm

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
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Re: What's going on with silver?

Post by dualstow » Thu Jul 11, 2019 3:29 pm

They should make a 50 kg bar that lazy thieves would have to ignore.
El Chapo’s family to compensate those who lost relatives in botched arrest. Isn’t that sweet.
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Re: What's going on with silver?

Post by Ad Orientem » Tue Jul 16, 2019 7:18 pm

This guy is a trader so I'd take a lot of what he is saying with a grain or three of salt. But his broader observations on the relative valuations of gold and silver sounds like he has been reading my posts on this thread.

https://www.kitco.com/news/video/show/K ... Kitco-NEWS
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Re: What's going on with silver?

Post by Ad Orientem » Thu Jul 25, 2019 5:43 pm

Silver gold price ratio has dropped near 10% from its recent high of 93:1. I'm wondering if this is a blip, or if it's the beginning of a major recovery. Hmmm...
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Re: What's going on with silver?

Post by dualstow » Thu Jul 25, 2019 7:49 pm

Ad Orientem wrote:
Thu Jul 25, 2019 5:43 pm
Silver gold price ratio has dropped near 10% from its recent high of 93:1. I'm wondering if this is a blip, or if it's the beginning of a major recovery. Hmmm...
There was an article in the Wall Street Journal (paywalled) saying that so far, other precious metals have lagged but that gold could very well bring silver and platinum up with it. I have already seen positive articles about platinum and palladium pretty recently, though (as if platinum has *not* lagged), so as with the stock market, one has to choose to focus on the news pointing upward or the news pointing downward.
El Chapo’s family to compensate those who lost relatives in botched arrest. Isn’t that sweet.
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