Why the Gold to Silver Ratio Really Matters -- Saving Money!!!
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- čas přidán 25. 07. 2024
- Why the Gold to Silver Ratio Really Matters -- Saving Money!!
Part 2 Link: • Using the Gold to Silv...
Strategy to use the gold to silver ratio to get gold for much cheaper than spot price.
#SilverToGoldRatio #TradingSilverForGold #SilverGoldStrategy - Zábava
I wish I could have my mother in laws weight in gold.
C Neese
Awe!!!
Can't tell if you're referencing a low gold to silver ratio or she's fat
Very informative video! Ive been debating if i want to venture into gold yet and you have reassured my reasonings and il patiently wait and keep stackin my silver! I cant help but purchase a couple 1/10th ounce pieces from here and there just for personal liking but i cant wait till its low enough to truly start stacking it and i feel its coming sooner than most think! Its funny your actually the channel that got me into silver stacking 2 years ago and you have changed the way i view money, the economy and life in general for the better! Cant thank you enough #KeepStackin
Thanks so much for the kind words! I love to hear that I help people out and have helped them! Yeah it really is hard to not buy gold right now. I see so many gold pieces I would love to have! I just keep telling myself I can get more later if I stick to the plan lol....
@@TheSilverSlacker just wear your gold?
See Part 2 HERE: czcams.com/video/X8F9PgVBqco/video.html
I'm surprised that your plan doesn't include trading gold back for silver when the ratio goes back up again and then rinse and repeat in plain words when the silver ratio hits 70 or 80 sell the gold and buy 70 or 80 silver coins for 1 ounce of gold and wait till the ratio drops again then go back to gold
Oh it does Ray. At the end of this video I Placed a pop up letting people know there is a part 2 and also put it in the video description. Here is the direct link if you want to check it out: czcams.com/video/X8F9PgVBqco/video.html
Good info SS. This is my strategy as well ever since I watched your previous video you shared about this. Thanks for covering this topic and sharing again.
Thanks bud and you are very welcome!
Had to watch this video about 2-3 times to fully understand it, but now I totally get what your saying. Thanks for the great content!
Thanks so much Omar, I'm glad you enjoyed the video!
Just watched the whole video. Very insightful, interesting way to look at it! Will
Halt on my fractional gold for now!
Thanks! I'm glad you got something out of the video and you found it informative!
Good rationale. I still buy gold just for ease of conversion, but the first video you mentioned was a big reason I went big in silver early on. I'm still planning on picking up more silver, but I ran out of space. :P
LOL yeah totally understandable! Luckily I have tons of room in my "vault" so that isn't a concern :)
Great breakdown on the master plan brother. Charts,graphs and simple numbers get to point across crystal clear. I believe in buying silver while the ratio is this far apart as well.
Thanks bud, I'm glad you enjoyed it and took something away from watching it!
This is important info. for all of us weather it be trade or sell. Thanks for your research there fella !
Thanks Dean and you are very welcome!
Lol you cracked me up when you confessed your in gollum to purchase some gold. Great video Slacker 👍👍
LOL thanks bud! I blame other channels for making me want to get some gold so bad :) So many nice unboxings of the precious yellow metal lol :)
18, just bought my first bits of physical silver today. Love the videos
Great Stuff, Enjoy All Your Videos!
Thanks for the work. This has also been my plan. Glad to see someone else on the same page.
Thanks, I'm glad you enjoyed it!
Informative Video! Thank you for putting the work into it!
Thanks, and you are very welcome!
Solid plan.
Another great long term strategy I have seen is David Mcalvaney's DOW 3-2-1 ratio strategy. It's more of an exit strategy than a stacking strategy, but it goes like this:
When the DOW to gold ratio (whether due to low stock prices or skyrocketing gold) gets to 3:1 he is selling 30% of his precious metals and buying stocks.
If the ratio gets to 2:1, he sells 30% of the remaining gold and buys more stocks.
Same at 1:1
So he is left with 34% of his original amount of gold, and has a ton of equities at bargain prices.
Thanks for the information about the strategy. It sounds reasonable, I will look into it!
the most understandable and rational precious metal comment I have ever watched, thank you!!
Thanks, I'm glad you enjoyed it!
thanks for the awesome video, looking forward just like you are too. currently im buy silver bullion as silver has some down over the last month to bring down my cost per oz and later on looking at selling silver to buy gold when the raito comes down.
Thanks and I'm glad you enjoyed it! Yeah it is always nice to average down on your cost per oz!
Thanks for the video!! Learned a lot and will have to keep on stacking
Thanks Ryan, I am really glad you got something from this video!
Interesting thought process. Thanks for sharing!!
Thanks!!!
You confirmed what I thought my strategy should be. Like you, I really want some gold. Hopefully my patience will pay off.
Thanks, and yes I hope mine pays off as well!
Really enjoyed your video. It was super informative.
Great video! Thanks for sharing your insight on the AU to AG ratio
Thanks, and you are very welcome!
The ratio today is over 80 to 1 and your strategy is looking even better. Nice work. Count me in.
Awesome vid man and great information. I love to see content like this. It is so inspiring and helps alot really understand the big picture especially me lol lol lol. Have a great weekend brother.
Thanks, I'm really glad you enjoyed it and got something out of it! Did you see the 2nd part? czcams.com/video/X8F9PgVBqco/video.html
Just great overview this shows price doesnt matter only ratio does
Over 3 years later, I would love to see an update on this video since we appear to be in a gold bull market? Thanks ..
I think the reason for the discrepancy between current and historical gold/silver ratio is the fact that the central banks no longer see silver as money or as investment-grade metal and it's increasingly seen merely as an industrial input, like copper or lithium. That's why silver price varies independently from gold, and expectation that it will follow historical ratios might be unwarranted. It's like expecting aluminium to return to its former position of being more expensive than gold.
Great video buddy, it was very informative and interesting. Thanks for sharing!
Thanks bud, I'm glad you enjoyed it!
I'm most definitely going to keep this in mind, thank you
Thanks and you are very welcome!
Nice visual way to explain G/S ratio.
I admire your discipline. Good strategy too.
Thanks, I'm glad you enjoyed the video!
This is what I've been doing also, and I feel it truly is the best strategy. I have broken down and bought some gold during this process though. It's so pretty. Lol. Love the vids man. Keep rocking them brother.
Thanks Jeff, and yeah it sure is hard not to buy that pretty metal lol...
That's really interesting! I've never quite thought of it in that way before but I really like your strategy and it makes perfect sense. I may have to consider giving up my St. Gaudens double eagle now, although that will be extremely difficult to do lol. Thanks for the video, I definitely learned something new that I definitely will consider much more now!
Thanks bud, I am so glad you got something out of this video!
Personally I think it would be a mistake to sell your silver to trade for gold. Silver has far far more upside potential than gold. We live in a different world now. Silver demand is constantly going up and silver is getting more scarce by the year. Sure it looks like a lull right now but adjusted for inflation we're still like double what silver is historically. All silver has to do is pass a certain point of demand and silver will skyrocket in price. Think of that 9:1 ratio gold and silver comes out of the ground. It's kind of like right now we have 9 people. Each person gets one piece of silver so demand is kept low. When suddenly there is 10 people wanting silver then we are one silver short and the demand starts to sky rocket. Then everyone wants it and there is even less to go around and it sky rockets more. That's why gold is so expensive. Then one day when silver passes a threshold and the price is high enough then every bank and government in the world wants to stack silver next to gold. Then it really does go to the moon.
Every day there are more people on earth. Every day India and china and other growing nations (billions and billions of people) are climbing out of the 3rd world status and developing. Think of all those extra people looking to buy silver or just buying products with silver in them. It's coming some day I'm telling you. I'm holding onto my silver until retirement. If you want gold just buy some gold. I buy a gold coin every so often. But silver is where it's at in my honest opinion. You don't want to trade to gold then get left behind. Reminds me of day trading. Trading the trends, until the trend changes and it skyrockets and you're left behind because you sold it all earlier to trade something else. Reminds me to of that guy on here that sold all his silver off at $7 an ounce because it seemed like such a big gain back then. Now he kicks himself. That trend is far gone and never to return. Don't let that happen to you the next round. Yes gold went up also, but I believe silver will ultimately start to catch up and it will happen very fast when it does. There is a tipping point on supply and demand and when it hits that tipping point it's all she wrote.
Oh I would never get rid of all of my silver. I would just trade some of it for gold when the ratio gets to 50 to 1. I have 8,000 ounces of silver and no gold at all. I would look at about trading 2,000 ounces at 50 to 1 and getting 40 ounces of gold. That would still leave me with 6,000 ounces of silver so if the trend continued I would still be a very happy camper. Then after I have the gold if/when the gold to silver ratio ever got to 75 again I would trade the gold for silver which would give me 3,000 ounces of silver. So I would be getting a free 1,000 ounces. If it never gets back to that ratio I will still be happy. It is pretty hard to lose that way.
trading for other metals is different than selling for currency
I haven't looked for gov stock pile #'s for silver but gov's that have a mandate for silver coinage like the us, Canada and Australia im sure have a stock pile for their mints
Silver Slacker
Keep stacking until you hit 10,000 Troy ounces of Silver ! Absolutely wonderful channel, Good luck ! :D
My thoughts exactly...
To my mind, the reason there is so much silver in the vaults over the last 8 decades is because Governments (Central Banks) took silver out of the money/currency system.
THAT left a glut of silver above ground - 5 billion ounces by many estimates.
In the U.S., they soaked up 2.5 billion ounces during the 2nd World War, when the Manhattan Project required centrifuges, and other electrical equipment, that required the metal for conducting electricity.
When they closed the facility in 1992/93, those 2.5 billion ounces were released back into storage and to the market depressing the price of silver (Even Warren Buffet bought 180million ounces, before he was told to sell it.)
So, ALL of the silver has gone to landfill in smartphones, computers, toasters, circuit boards, cameras, old cell-phones, paints, chemicals, bio-cidal clothing, and a million and one other places... IT HAS GONE FOREVER...
Meanwhile GOLD? Almost all of it has been treasured and stored, in jewelry, coins, bars and kept in nice safe vaults and such like...
The 10,000 uses of silver will only be met by one other metal (and not quite equally) and that is GOLD....So. demand for Silver beyond 2030? will be Huuuugggeee...
And the price will have to be almost as high as gold before some might use Gold, for some applications (subject to availability, and or because the specific requirements are - absolutely non-tarnish - like in Space-Tech)
So, Silver is on sale now, for the last time EVER... (Yes there will be ups and downs, but they will be minor...)
Current Mining output is 9:1, but that was higher (16 or 17:1), because it was mined closer to the surface, and the deeper we go, the higher the Gold ratio gets to Silver...
So, in 20 years time? Maybe 7:1, in 50 years time? Maybe 5:1, and by 2100? 3:1?
It is being found in deep ocean rifts alongside the ring of fire (Indonesia/Papua-New-Guinea) BUT mining it 2,000 feet down is not going to be cheap.
Unless we find it on another planet... Then the price is going one way...
very informative video my friend. I have been picking up a little bit of gold myself. It's only been 1/10 ounce at a time LOL. Thanks for sharing brother.
Thanks bud, I'm glad you enjoyed it!
Thanks for the video Silver Slacker, and although I understood the basics of the system and ratio it is still worthwhile to demonstrate and review the language and comparisons. One of the the additional upsides that makes silver particularly valuable in my way of thinking is the level of consumption. By consumption I mean the ratio of how much of mined silver is used in technology and other products compared to gold.
As the greatest conductor, a vital part of electronics, as well as its use in medical equipment, water filters, a new generation of bandages, catalytic converters, and many other uses, the properties of silver make it an incredibly useful metal. Obviously most of these applications only use a small amount of silver, but overall and over the course of time it means that the need for silver in industry, growing markets, and products, ensures that the need for silver will continue to rise, which is why it is my commodity of choice as a small level investor. If we should ever return to a metal backed currency it comes in smaller denominations as well, which makes it I think ideal, especially in this market as you demonstrated in your video.
Oh I absolutely agree with all of that! Silver is my favorite metal by far. I plan on using this ratio to actually grow my silver stack in the long run. I will only transfer about 1/4 of my stack into gold and then trade it back out to silver later on. I plan on doing a follow up video of that and explain it to everyone.
Today's date Dec 5th, 2018 and the Silver to Gold ratio is 85 to 1. Just for historical reference.
theplayernkc now it is 90:1 !! Lol
Excellent presentation. Thank you so much for this valuable and clearly explained guidance.
Thanks Diane, I'm glad you enjoyed it and got something from it!
Thanks so much think i will follow your lead and wait for 40 ratio then selling some silver to buy gold thanks again
Very nicely explained. I'm doing this same strategy because it makes sense.
Thanks Tony, and it seems many of us have come to that conclusion.
Good Logic...Slacker....You are Strong to resist the Gold Bug...we weaken once in a while!😊
Thank you my friend and yes with all these great channels showing all the cool gold they got is sure is hard to stick to my plan lol....
Silver Slacker stick with the plan Stan
This is probably the earliest I've ever been to one of your videos xD
Great job! :)
Excellent explanation. Thanks a lot for that.
Thanks Stacy, I'm glad you enjoyed it.
Love these types of videos. Thanks.
I'm glad you enjoyed it!
This was well articulated. Really good video. If you're solely buying eagles/maples/bars or low premium products this is the best strategy to utilize. Just remember to strike fast. When the GSR shrinks significantly, it is very temporary.
Thanks bud! Yeah it is important to have highly liquid silver if you want to do this type of plan.
So your plan is to buy silver when it is above 50:1 and build up your silver holdings until the ratio goes to 50:1 or lower. Thus converting silver into more compact wealth of gold?
Yup that is the strategy and thus getting the gold for cheaper.
Very informative video, but I would like to add one point if I may. The one thing that is almost never mentioned when quoting ratios of gold to silver is the all-in sustaining cost to mine the two metals. Gold is much more costly to mine per oz than silver. A good analogy is that a gallon of crude oil is much more costly to acquire and refine than a gallon of water, and that spread in costs is why oil is so much higher priced than water for the end consumer. That is the main reason why there is such a huge ratio between spot gold and spot silver. And that is why the price difference isn’t 9 to 1 even though it comes out of the ground at that ratio. I have a lot of respect for people like Keith Neumeyer and Eric Sprott, but even they rarely, if ever, discuss this point. Good investors should weigh ALL the facts, not just the ones that confirm our bias. Having said all of that, I still think silver has more up-side potential than gold, but I also think that both metals should do very well in the coming months and years.
Yup gold is way more expensive to mine than silver. I never expect the gold to silver ratio to get to the price ratio that it is pulled out of the ground. I am using realistic ratios for the conversion of silver into gold (the 50 to 1) and was explaining the other ratios just to inform people what they are and what they mean.
Wthanks so much for your time and education
You are very welcome, I'm glad you got something out of it.
Great video, Slacker! I'm anxiously awaiting some SGR compression myself! Depending on how things flow, I may hold out for 40/1 to do a little trading. If the ratio falls below that, which I strongly believe it will, I'll do some very serious trading. I really want to lighten my load exchanging white for yellow. I do have a little bit of gold now, but very little compared to silver - around 220/1.
Sounds like a great strategy Mike! I just picked a number and will stick to it because knowing my luck I would miss the move trying to get a better deal and then kick myself in the ass when I didn't follow through with my plans.
Nice breakdown. Well thought out strategy. :)
Thanks, I'm glad you enjoyed it!
Great video, genius. Thank you for sharing!
Thanks Jay, I'm glad you enjoyed the video!
Excellent video as always!
Thanks!
Great breakdown of the ratio and got to love the ASE's as props! I know you like mainly low maintenance silver, but have you seen silver by Southern Cross? I think Geiger actually produces their stuff, but they have these cool little one ounce cast silver biscuits. I picked up a few from Apmex.
Thanks for the heads up, I will check them out!
Sounds like a good, logical plan! Keep stacking!
Thanks, and I do know how much you like Logical things :)
a little lengthy but this is about the best ratio explanation i have seen. thanks
Thanks Ron, glad you enjoyed it.
Very sound logic and analysis. May you live long and prosper sir. Subbed. Quick question, is it good to stack for weight in oz or price? in other words lets say you currently hold assets of 30 oz of silver to 1 oz of gold, would you keep buying silver until you reach 50 oz/1 and then start implementing trading gold for silver and/or consider your new purchases until desired ratio is reached?
Thanks, and everyone's strategy is different. Yes once gold gets below the 50/1 ratio of silver I will be buying gold over silver.
Been stacking silver for about 16 months or so. Have a little over 400oz.....just got my FIRST gold piece today. Picked up a 1/2oz gold eagle. Stack silver at a consistent pace (5-6oz per week), but looking to add gold at about 1/2oz per quarter. Not a strong pace, but a good add to my long term stack.
I dont love the current cost of gold, nor the ratio (at around 85:1) right now, but in the long term its all a good stacking move. The wide ratio and low cost of silver right now I like my stack count add each month
Great strategy. Thanks for sharing
Thanks Sam and you are very welcome!
Very cool description! And I agree. I'm actually waiting for UPS to drop off a nice 25 oz bar. Maybe I will do unboxing. Be the first as I've unboxed previous but no vids.
Thanks Trevor, I'm glad you enjoyed the video and could follow it. Congrats on the new purchase and if you decide to do a video, let me know and I will be sure to subscribe and check it out!
Posted. More to come !
Great information on your plan. Now when people ask you can just refer them here.
Yup, that is the plan :)
Very good, thanks for that!
Thanks and you are very welcome!
this was such an informative and well done video it literally blew my mind, and to think I almost just bought my first piece of gold today (1/10) oz. Now I see I should put that $130 of gold money towards silver and wait for the ratio to return to normal and then trade it in.
please do more videos like this
Thanks Teddy! I have actually done some videos like this before. Just look at some of my past videos. I'm glad I could help, and from the comments I have decided to go the next step and do another video about this that explains my full 20 year plan in the next few days.
thanks!
I finally understand what gold and silver ratio is.
You are very welcome Jose and I'm glad I could help!
Thank You for this Very Informative Video. I subscribed to your channel. Now I'm going to check out more of your vids. Good Day.
Thanks Darren, I hope you enjoy them.
Good video and advice. Thanks friend
Thanks I'm glad you enjoyed it!
I'm about to start stacking silver and want your advise. My current plan is to buy 10oz bars from JM Bullion because it seems to offer the best price and free shipping, but should I be looking at silver eagles instead or another place to buy? I'd like to limit the number of rookie mistakes starting out :). Thanks for this video and especially the video on playing the ratio to trade back and forth between silver and gold. Great stuff!!!
Joseph welcome to the club! As far as what to buy that all depends on what you like and the reasons you are stacking. Also how you plan on selling when you do sell. Starting out I always suggest keeping your premiums as low as possible until you have a good base of silver. Then you can start picking up a couple other things that you like that cost just a little bit more to keep your interests. Cheap premium bars or silver eagles are an excellent choice to start out stacking.
Great video! Thanks from Germany 😀
Thanks so much, I'm glad you enjoyed it! :)
Silver Slacker
Your channel is great!!!
That price of silver was higher in 1980 $115.00 an ounce. and it did go over$50 in in 2011 to $54 an ounce.
At 3:55 when you say it's "bear" market for silver & gold when ratio is high & vice versa when ratio is low...that can be difficult to interpret using ratios alone. Remember you are only dealing with ratios...meaning a comparison of prices "relative to each other", not real $ values! When the ratio goes up it could be interpreted to signal either the demand for gold is "greater than silver"...possible gold price rally; or a silver price retrace/correction lower...signalling a possible bear market for silver. The opposite can be true for a lower ratio. Supply/Demand at a point in time.
As I said in the video silver is more volatile than gold. So it goes up faster and down faster. Both are highly correlated so they tend to both go up or down in conjunction with silver moving more.
Our preferred GSR for exchanging is approximately 50/80 otherwise often the costs involved are prohibitive - though less so in the US. Useful video.
Thanks!
If you have a good relationship with your LCS, this method works great, not many people pursue this angle, but if you’re set up with the right amount of metal you can leap frog your way up to more value accumulations:)
Yes sir stick with your plan. Thanks exactly why strategy as well
Thanks, and yeah it seems many of us have very similar strategies.
Nicely done!
Thanks!
Really good video, great insight. I'm gonna steal that strategy, if that's ok.......
Thanks and steal away :)
Back about 150 years ago the dollar was valued at 22.5 grains of gold, or 270 grains of silver; there are 480 grains in one troy ounce.
I missed this video, so I am here as you have advised on your sequel video to this one. I have learned from reading up on precious metals that the seasoned investors follow spot prices only as a means to determine the current ratio. And when the ratio is high, it is a signal for them to buy silver, because it is cheap, no matter the current price. And when the ration is low, they buy gold or others trade their silver for gold. As for myself, I am stacking ASE, and when the time is right, i.e., when the ratio is at 60, I will trade them for gold in 1 oz weight. Right now, the ratio is at 68. In the meantime, I continue to get fractional gold. Another excellent content, my friend. Thanks for sharing. Take care.
Thanks so much for the kind words my friend! Sounds like you have an excellent grasp on this strategy as well :)
I learn from you, my friend!
Smart, I like it... Thanks for the video.
Thanks Matt, and you are very welcome!
With ratio around 80 its a historical shot to buy silver i use stocks like AG is a good silver company i like wpm also they own a lot of ag too But its more expensive stock i love slackers channel but i recommend igold advisor great utube channel he is ver good on timing
Great strat i will be following too
Thanks bud!
Excellent video . It explains a lot. I will trade when it gets 40 to 1. Thanks. Out.
Thanks so much, I'm glad you got something out of it!
It's creeping up to 90 - 1, I never thought much past 87 - 1 would ever have been likely, now I'm not so sure
did u factor in the Spread that you lose when u sell silver and buy gold.?
Very informative video! I was playing the ration but my collector side of things have ruined all that lol
LOL I know it is really hard to not buy some gold especially with all the cool gold coins that have come out! :)
Well that and the expensive silver I be buying lol. I never buy generic. It's too boring for me.
LOL I can completely understand having that problem :)
This was great! Thank you! How do you feel about the usage of silver and it being lost compared to gold when the mining ratio is only 9 to 1? I know we value these things on what we're told they're worth but it would seem there's less silver than gold due to the industrial side of the equation? Not that it really matters due to the one's who set the price having their wealth in gold rather than silver but wouldn't it be a bright, "shiny" day if silvers price supersedes the yellow metal. I know......... just a pipe dream.
Yeah obviously a lot of the silver has been used up and won't be recovered. But I doubt we will ever get to those ratios ever again. And hey if we do I will be really happy! I still plan to keep a decent amount of silver no matter what the ratio gets to.
This was a good video. Thx
Thanks Darren, I'm glad you enjoyed it!
What you are doing is the best way. I was able to trade silver eagles at 38 to 1 along with RawDog. We were the only two that was vocal about it. I buy eagles all the time, especially when I can get them for 1.79 or lower over spot. I just never make videos. If you seen 1 eagle you've seen them all :-) I also remember that gold was scarce at the LCS when it took off. This is why I buy gold at lower prices now and many years ago. I will say this ANYONE planning to trade the ratio, ONLY BUY EAGLES if you live in the USA. High end fancy generics rounds mean nothing to the LCS. They all trade ratios for eagles and maples. But most only wanted eagles for an ratio trade. Awesome video Silver Slacker. I do like your strategy.
I'm not understanding, is it not the same thing trading 100 oz jm bars to play the ratio? Please advise, I'm new and really interested in it. And just about to purchase some more bars
Thanks bud and yeah ASE's are the most liquid for sure. I have plenty of silver eagles and don't really show them when I pick more of them up either lol. That was very smart of you to trade them out at 38 to 1. That was a hell of a trade! And for those who don't have an LCS to trade into, you can always sell or trade to Provident. They offer $1.50 over spot for ASE's: www.providentmetals.com/2016-american-silver-eagle.html
+carlos ruiz You can use anything to play the ratio. I use ASE's because that is what most people have and they are very liquid. Your 100 oz JM bars can be liquid as well, but you might want to look into where you would sell them so you know how much you can get as far as a premium. For instance it looks like Provident would give you right around spot price for them: www.providentmetals.com/asahi-100-oz-silver-bar.html (asahi is who bought JM)
You might want to check with your LCS to see if you can get about the same so you don't have to worry about shipping.
carlos ruiz You can trade JM bars, you are just not going to get the ratio. You will pay full price for the gold coin plus the premium. They will pay you $1.50 less per ounce for each 1 once bar. Or $150 less if it's a 100 oz bar. If the LCS has a lot of generics already, he just might turn you away. They know that most people want eagles and they can make $400 to $600 on 100 eagles compared to $200-$275 on a 100 oz bar. That's a combination of paying you $150 less and charging a customer $50 over. Look I'm not saying bars are bad. Just not my choice for a ratio trade. When silver was going parabolic, LCS all around were asking $4.50 - $6 over spot for eagles and they were selling out at $6 over. They only ask for $1.50 over for everything else. Including Engelhard.
Thanks for the info. I appreciate it
this video is gold is what it is, thanks!
LOL thanks!
Certainly makes a lot of sense for sure. I think for some large accumulators, storage might be an issue while waiting for those ratios to tighten.
What is the most ounces you've ever seen or heard of anyone owning? Silver that is.
7000+. Some slacker on youtube. And this guy is a real slacker let me tell ya!
LOL it is 8,000+ now :) There are plenty of people that have way more silver than me. :)
JP Morgan only has more silver than you! ;-)
And it looks like Silver Slacker is on the "Chase"
I hear you man, it'd be great to have some gold. Stick with your plan, I've been holding out myself for better prices........or at least a better ratio!
Thanks! Yeah sometimes it gets hard to stick to the plan, but I am stubborn, so I'm sure I will be fine lol...
Amazing analysis Buddy! Wow this was very informative. I really never understood this stuff before... I wil have to rewatch a cople of times, appreciate the info... Today is July 10, 2018... what is the Gold to Silver Ratio Today?
You are very welcome! The gold to silver ratio is about 78 to 1 right now. Here is a website that will show you: www.kitco.com/Gold_Silver_Ratio_Charts/gold-silver-ratio-charts.html
very well thought. I personally think there is much much more chance of silver doubling in price, or even better, more so than gold. i think with th 9 - 1 mining ratio, and the fact that silver has a large industrial use as well as investment use, we are much more likely to see a huge spike in silver one day. maybe. hopefully lol.
Oh I agree completely! I only plan on transferring about 1/4 of my silver into gold when the ratio hits. Then if we ever get back to 75 to 1 I will transfer it back out netting me some free gold. I plan on doing a video on that next when I get some time.
So the higher ratio the better silver price because there's more silver than gold being "produced" and as the ratio goes down the worse off silver would be to invest in...am I right?
By the way love the new intro!
Thanks, yeah I enjoyed making it.
Clever I hope silver drops a lot more. Have one round and wanna grab a few more
JM bullion's app has a built in ratio . Great tool to keep eye on which metal to target. I buy all silver over 70 ratio. I buy either at 60-70 and all gold at below 60. Only other gold I buy at current ratio is with ebucks to control spot costs.
That sounds like a solid strategy!
I've also held back from buying gold for the same reason but I've decided to invest in a 1/10 ounce piece of gold just to satisfy my appetite till the right time to aquire more.
thanx for the video share.
Thanks Gary and yeah it is really hard to not buy gold! lol
Crustal abundance ratio estimates range from about 63:1 silver to gold to 23:1 silver to gold. Most silver mining is a byproduct of copper production. There is about 0.070 ppm of silver compared with 0.0011 ppm gold at most. Palladium is 0.0006, rhodium is 0.0002.
i couldnt agree more Silver slacker!Oh, and currently catching up on ya at 20 pounds of silver bullion. plus im loving those Canadian .9999 maple leafs.What would you say your personal favorite coins you stack in bulk?
20 pounds is a nice stack, Chris. Keep up the good work!
That is so awesome Chris! Great job! As far as my favorite coins to stack in bulk, well that has changed over the years. I am more of a poured silver fan now than a coin fan. But going forward as far as coins it will most likely be more silver eagles than any other coin. I still plan to pick up the Lunar series and ATB series. But the majority of my purchases now consist of poured silver.