Gold Up but Silver Lags… Why?
pmh1nic
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Historically there is theoretically a price connection between gold and silver that doesn’t seem to be holding true. Why?
The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
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Agreed. If gold takes off silver will follow. Everything is a little different these days 😉
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Silver has an industrial component, more so than gold. The perception is that the economy isn't doing so great, unless you're a banker or a politician in DC - then the economy is booming. Gold has already assumed it's historical role of being a hedge against economic uncertainty.
The reason that the gold/silver ratio changes so much over time is because there are times when silver becomes more of a monetary asset, and other times when it leans more towards being an industrial metal. That is what changes the relationship and relative values between gold and silver, imo.
If the banking system has a problem such as we see in Canada right now, then I would expect silver to follow alongside gold and even leapfrog gold as a monetary metal. Silver has always been more volatile. This is why some people are accumulating silver now with the expectation of a slingshot reaction in silver. Who knows? It's happened before.
I knew it would happen.
Someone here told me it is "gutter metal". Maybe that's why.
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"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
spot price is a distraction. Follow the physical price. . . unless of course you are trading promises.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Over the last 20 years silver has traded roughly in a range of 45 to 90 ounces to 1 ounce of gold
The 4 year average has been 82 ounces. Today it is 79.
All looks normal and within historical ranges.
Knowledge is the enemy of fear
I’m not getting excited until $2K is in the rear view mirror
silver premiums are a wee bit out of whack. lol
and that GSR is a lot different when viewed from a physical price perspective.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Yup, ones the metal of kings the other is considered gutter metal for the peasants. Nothings really changed over the last 6000+ years. RGDS!
The whole worlds off its rocker, buy Gold™.
There fixed it for ya!
The whole worlds off its rocker, buy Gold™.
The silver market doesnt give a hoot about retail premiums on ASEs.
But yeah, ive heard perspective is fact. Lol
Knowledge is the enemy of fear
I guess I saw the jump from $1750 to $1900 with gold and expected to see a similar jump with silver. That said it did touch $24 for a minute. We'll if $1900 holds. I've been hearing about the price explosion $2K plus for years. I'm long term for the grandkids.
It looked they both were up about 1% today - so some parallelism in movement, for today at least...
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Agree. Another use case has never fully replaced the consumption of silver from photography. Photovoltaics have taken up some of the slack, but the silver loadings are gradually being reduced due to tech advances. Not everyone is wearing silver impregnated antimicrobial socks and underpants yet. Still, silver price is up nearly 5x since 2000, which isn't so bad.
Probably my fault.
I picked up a silver center from a Bally's casino $10 Silver Strike (the ones with the brass outer ring)
G&S shop only had the silver center and didn't think it was part of the $10 casino strike.
I figured it at 0.65 ozt, priced at $15 was dang near under spot...that's unheard of.
Silver dropped a bit this afternoon and at home it weighed in at 0.60 ozt so ALMOST got it for spot.
Top one ^^ bottom one is some Vegas token silver and gold plated zinc piece.
Cool, but I probably didn't need it for the extra $10.
I have several Casino silver center chips I accumulated years ago... long before the silver run up. Would have to check whether the silver is worth more than the chips now...There is a considerable community of chip collectors. Cheers, RickO
I still have a fair amount that we graciously got from slot machines.
It was a neat idea, but I recall the machines being really really tight.
From what I understand, if it's not a rarer one the silver is worth more then the $10 face value of the chip.
What someone is willing to pay for a particular chip is a mystery.
I quess lots of the chips were scavenged for the silver centers and the brass rings are sometimes available for sale on their own.
I'd prefer an intact chip.
Some reference on this site
https://www.silverstrikers.com
A local shop I used to do some side work for ( a long time ago) got those casino chips in quite often. It was often my job to pop those centers out & toss em in a bucket for scrap.
Click on this link to see my ebay listings.
Silver lags but it moves quickly.
Platinum tracks silver and is underpriced. I guess that's why I bought some more platinum today - to finish up my Queens Beast series.
I knew it would happen.
Looks like most metals are in a significant up trend. All Silver needs is a Buffet or Elon Musk taking a sizeable position in the physical metal. (Not Paper). Word gets out....up,up,up!!!
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I have no doubt silver will catch up. Just keep stacking em up and move forward with confidence.
Silver is rocketing tonight !!
Right in step with gold...Hmmm, 🤔
Rocketed today
Gold near all time high, gutter not even half way there. The gutter always disappoints, hand on the trigger to dump me paper gutter. THKS!
The whole worlds off its rocker, buy Gold™.
Silver didn't lag today.
I knew it would happen.