gsr nearly 85

[Paul]

44 minutes ago, vand said:

Based on historical precedence, do NOT be surprised if silver rises 500%+ over the next 3 years:

http://www.bloomberg.com/news/articles/2016-03-21/gold-silver-ratio-says-it-s-time-to-buy-one-sell-other-chart

I hope it does @vand - I will be selling quicker than a bishop from a brothel raid when it does and reaping the fiat debt token rewards  

[Danny-boy]

Based on historical precedence, do NOT be surprised if silver rises 500%+ over the next 3 years:

http://www.bloomberg.com/news/articles/2016-03-21/gold-silver-ratio-says-it-s-time-to-buy-one-sell-other-chart

I hope it does @vand - I will be selling quicker than a bishop from a brothel raid when it does and reaping the fiat debt token rewards [emoji4] 

Same here.

At 500% I'll buy another house [emoji1]

[vand]

Based on my own model, I would not at all be surprised to see a spike in the GSR to >88 for 1-2 months. This might be due to gold taking off and leaving silver behind temporarily, or perhaps one final leg down in the PM bear market and silver getting whacked right down into the $12.xx. Should that happen, it will be the time to back up the truck, and if you hold any gold, swap gold for silver. Personally, as a new stacker I do not hold any gold, but I am very happy to stack Silver heavily at these levels (both vs gold and vs GBP) on a monthly basis.

[Vern]

Boom

[Vulture]

On 03/03/2016 at 20:18, JB3 said:

Really?

 

Even if you believe the prices of gold and silver are manipulated by some secret society, you can easily establish the 'real' GSR. Just go to any bullion or coin shop or a pawnbrokers and see what the price of a real ounce of gold is and divide it by the price of a real ounce of silver.

 

Unless you think the pawnbroker is in on the fix as well.

 

[vand]

 

GSR now 72.x... Priced in gold, silver is now up 16% since late February. I think we will likely see a 80-100% trough-to-peak move at which point I will aim to exchange most of my silver for gold. Might take a couple of years to get there. Enjoy the ride in the meantime.

 

[vand]

1 year on the plan is coming along very nicely indeed. 

GSR now printing 67.x, although it has been as low as 64.x in the last year, silver is showing some very good relative strength here at the moment.

I consider it still cheap enough that I'm accumulating 90% silver, but not the "swap everything for silver" bargain that it was this time last year at GSR >80.

If/when the ratio goes below 60 I'll split evenly between gold & silver.