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Anyone paying any attention to gold and silver? (Silver is looking cheap)
Vanity | 08-15-2018 | NRx

Posted on 08/15/2018 8:04:39 AM PDT by NRx

Gold and silver have been getting the snot beaten out of them lately as people respond to a fiat currency crisis in Turkey by flocking to another fiat currency. But even if I were a Keynesian and believed in paper money, I'd have to say that precious metals are looking attractive. I'm generally a gold guy, but silver is crazy cheap right now. As of right now it's trading at around $14.50 oz. But the real story that conventional analysts are missing is the silver to gold price ratio. Since gold was demonetized in the early 1970's the average price ratio has typically been in the range of 40-50 oz of silver to 1 oz of gold. Right now it's at 82:1! At that ratio silver is clearly undervalued relative to gold. Time to back up the truck. (Ok, in my case it's probably going to be the Prius.)


TOPICS: Business/Economy
KEYWORDS: ampex; gold; goldprice; silver; silverprice
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To: Theoria

Absolutely brutal. Great graphic. Extremely informative.

We are doomed.


41 posted on 08/15/2018 10:24:18 AM PDT by Freedom_Is_Not_Free (End the Mueller Gestapo now. Free the Donald.)
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To: NRx

There is far less demand for silver nowadays since photography is digital.

Mining companies might want to mint one ounce silver pieces that people could use as currency.


42 posted on 08/15/2018 10:38:48 AM PDT by Brian Griffin
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To: PGR88

To Buy silver or no??


43 posted on 08/15/2018 11:13:23 AM PDT by Big Red Badger (UNSCANABLE in an IDIOCRACY)
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To: Yo-Yo

I thought one of those silver experts predicted $200/oz. on that commercial?

William Devane needs to renegotiate his contract with Rosland Capital if the price keeps dropping.


44 posted on 08/15/2018 11:26:42 AM PDT by Rebelbase (Consensus isn't science.)
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To: topspinr

Dip them in chlorox to remove the fungi.


45 posted on 08/15/2018 11:29:35 AM PDT by Rebelbase (Consensus isn't science.)
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To: NRx

O.K., here is the reality from an Economist. Don’t laugh s I am a free market economist.

While it is possible to make money investing in gold and silver in the short term. The longer term value of gold and silver is:

The cost to mine, refine, and market it; plus what may be an acceptable profit margin. Keep in mind that in the shorter term, due to fixed costs, that acceptable margin may actually be a loss.

REALLY smart speculators might make high profits in trading these or any commodities, but that can also suffer huge losses; something marketers don’t emphasize.

In the end, precious metals are not a good long term investment. The Hunt brothers proved that decades ago, and where are all the people who said gold was cheap at $1,500 - $1,600/oz?


46 posted on 08/15/2018 11:45:23 AM PDT by WASCWatch
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To: WASCWatch

“where are all the people who said gold was cheap at $1,500 - $1,600/oz?”

They’re touting crypto currencies.


47 posted on 08/15/2018 11:51:59 AM PDT by antidisestablishment ( Xenophobia is the only sane response to multiculturalismÂ’s irrational cultural exuberance)
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To: NRx

If the dollar keeps going up, we will see the price approaching $12.

It will keep going until it doesn’t.


48 posted on 08/15/2018 12:09:21 PM PDT by Vermont Lt
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To: NRx
i had bought silver coin bags from JMB for years so i looked to see what they have today and they have none, zilch, nothing...

people musta cleaned them out when it went below $15

49 posted on 08/15/2018 4:36:40 PM PDT by Chode ( WeÂ’re America, Bitch!)
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To: PGR88

Well....gold has not been used much in industry ......in the past...not like silver.....But 2 days ago there....was an article..suggesting gold the only applicable material for...long term 3d printing error identification...and that article.....is appears to have Vanished.....I cant find it....will post if I do....have You seen it?


50 posted on 10/02/2018 2:45:43 AM PDT by Therapsid (eagan)
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To: Therapsid
Silver is making highs...not Hunt Bros high...but better than a month ago.

Gold making new highs!!

51 posted on 04/03/2024 11:01:26 AM PDT by Osage Orange (ooooOO)
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