This fact is well-known, but arguable, since silver is used up by industry. more than gold, especially with the advent of solar panels and cell-phones etc.
Gold is at $2,344.4 today. so Silver SHOULD be at $146.525. but it ain't.
Gold as well. I started buying gold last autumn. What is sitting in my safe gained over $2,400 in the last 2 months. I’m beginning to feel like a big investor.
They say 11% of Americans are holding PM. I'm not sure it's that high... especially in any quantity. You and I both know how many friends we've encouraged to start stacking (starting during the Obongo years) and how very, very few even bought a single ounce. I only know one person out of probably 100 that actually pulled the trigger and started stacking... and they were way late to the party.
It's really kind of shocking that perception of ag/au stacking is like kryptonite or something... I think it's a case of the herds talking heads always saying how it's a "bad investment" or it just doesn't move enough to be worth it...
Part of me is glad to see my $1080 au at $2300 and $14 ag at $27 now... but another part of me is worried because the more it goes up, the less buying power our already lame currency has...
Anybody else observe this kind if thing in their circles? They think it's a great idea to stack but don't ever take action?
Yes, my dad is as based as one can get, but he has chosen to put his cash into CD's at 5% rather than put a small amount into gold or silver; as I have been advising him to do for several years. He and my mom still trust the banking system more than buying PM's online. They ar 83 years old and very set in their ways and they will not change. I hope they do not get wiped out in the coming collapse. It would probably be the end of both of them! They are also very cynical about most things, but still watch FOX every day! Very set in their ways!
I mean, they could certainly diversify...not putting all the proverbial eggs in one basket. It's interesting how some people view it as an all or nothing thing.
It's amazing to me the level of blind trust many people have - just entrusting complete strangers/corporations and banks MORE than their own ability to physically hold an asset like PM themselves...
Any gains on the CDs are quickly cancelled out with inflation...It's gotten to be ridiculous!
Wow they beat it down to 27 after open. I never thought we would see 28+ tonight.
I now think 30 at end of day tommorow is likely.
OK, being a Silver Autist, here are some MAffly facts:
Many investors in silver believe the ratio should stand at 16:1, primarily because there is 16 times more silver in the Earth's crust than gold.
https://www.bullionbypost.co.uk/info/gold-silver-ratio/#:~:text=Throughout%20history%20the%20ratio%20has%20fluctuated%20widely.&text=Many%20investors%20in%20silver%20believe,being%20mined%20globally%20than%20gold.
This fact is well-known, but arguable, since silver is used up by industry. more than gold, especially with the advent of solar panels and cell-phones etc.
Gold is at $2,344.4 today. so Silver SHOULD be at $146.525. but it ain't.
Silver is way more useful and needed than gold.
Silver is WAY undervalued. I can't wait to see what happens when all of the fingers are removed from the scales and it reaches it's natural value.
I like this X22 interview; great forecast for silver…
https://x22report.com/bill-holter-the-cb-system-is-coming-down-controlled-demolition-expect-events-to-drive-this/
Gold as well. I started buying gold last autumn. What is sitting in my safe gained over $2,400 in the last 2 months. I’m beginning to feel like a big investor.
Paper silver to physical silver ratio is 395:1
They say 11% of Americans are holding PM. I'm not sure it's that high... especially in any quantity. You and I both know how many friends we've encouraged to start stacking (starting during the Obongo years) and how very, very few even bought a single ounce. I only know one person out of probably 100 that actually pulled the trigger and started stacking... and they were way late to the party.
It's really kind of shocking that perception of ag/au stacking is like kryptonite or something... I think it's a case of the herds talking heads always saying how it's a "bad investment" or it just doesn't move enough to be worth it...
Part of me is glad to see my $1080 au at $2300 and $14 ag at $27 now... but another part of me is worried because the more it goes up, the less buying power our already lame currency has...
Anybody else observe this kind if thing in their circles? They think it's a great idea to stack but don't ever take action?
Yes, my dad is as based as one can get, but he has chosen to put his cash into CD's at 5% rather than put a small amount into gold or silver; as I have been advising him to do for several years. He and my mom still trust the banking system more than buying PM's online. They ar 83 years old and very set in their ways and they will not change. I hope they do not get wiped out in the coming collapse. It would probably be the end of both of them! They are also very cynical about most things, but still watch FOX every day! Very set in their ways!
I mean, they could certainly diversify...not putting all the proverbial eggs in one basket. It's interesting how some people view it as an all or nothing thing.
It's amazing to me the level of blind trust many people have - just entrusting complete strangers/corporations and banks MORE than their own ability to physically hold an asset like PM themselves...
Any gains on the CDs are quickly cancelled out with inflation...It's gotten to be ridiculous!
“It's really kind of shocking that perception of ag/au stacking is like kryptonite or something..”
That’s a great way to put it. That’s exactly how people think. I cannot understand why. It’s all the propaganda that they tell us, I guess. SMH
well... there goes the occasional piece of mokume-gane i make for special occasions