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What is your strategy?


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Was watching this video from Silverfish VT recently where he explained what his strategy was.

 

Interestingly it was a 3 year plan where he hoped to get enough silver behind him that it would effectively pay for any new ounces he bought, as a result of selling coins at a higher premium than were bought for.

 

When the Gold to Silver Ratio is around 40 - 1, then he would sell much of his silver for gold, which based on his purchases would enable him to   "lock in" a future gold price for him at around $920/oz for gold.  Silver around 50$ and gold around 2,000$ an ounce.  He's quite hazy on why it'll hit those figures, admitting himself he doesn't have hard data to backup that, but 40, he says is historically the number that is tough to break through.

 

So the question is, what is your long-term strategy and is monitoring (and ultimately acting on) the Gold Silver Ratio part of this?

 

And also, I take it that his motive for wanting to get into gold when the GSR is at 40-1 is because he expects future widening of that ratio, where he can then begin to sell the "cheap" gold he got for even better value silver?  

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I don't look at the GSR at all, it's all about the spot price and spot price trends for me. As to plan, it's simple, keep buying what I want when I can afford it.

 

I don't go very deep into the economics of it all.

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