But it's still at 1/10th of it's proper trade value in current FRNs. In addition, unless you are trading your incredibly useful silver with useless FRNs (which would be foolish to the point of idiocy), why do you care?
From my perspective, and from an incredible amount of evidence, gold is not too far off it's value (20% at most), and silver is between 1/8th to 1/10th of it's final adjusted value. It's currently about 1/80th+ of that. That would put $47, or even $100 as being stupid to trade at. When it was at $25, the ratio was probably in the 1/90 or 1/100 (depending on when you bought). 1/90, or 1/100, or 1/80, or even 1/40 is so undervalued it is literally meaningless from a selling (or trading) perspective. At $100, that means it's time to buy.
When you can actually trade it for a house, or property, or a car, or cocaine, or whatever floats your boat at a reasonable ratio, THEN it is meaningful. Until that time it is literally meaningless because you know it can't be traded yet. It effectively has zero value until it has a trade value that is not fuckery.
So wut you think. I haven't bought any since it's rocketed up, I usually wait to buy until it dips back down but it's been a while. Keep buying at this price?
I don't know if it will dip again. I keep thinking it will, but instead it keeps going up so...
Since I can't "dip" by following my normal trend, I will probably just do with what I have. In truth, I have enough now even though "I would like more." Such is the human condition.
Historically, silver and gold dip up and down, repeatedly, on relation to one another. In fact, if you know what to look for using the 80/50 rule, you can start with a single 1 oz gold coin and trade it for silver...then trade that silver for a gold coin, plus - repeatedly - and before long, wind up with a stack of gold coins having only purchased one, when you've worked inflation to your advantage.
If 1 oz gold > 80 ounces of silver - trade up to equal silver coins
If 1 oz gold < 50 ounces of silver - trade your silver for gold
Rinse and repeat.
This is how serious stackers play the game... while others just let it ride.
$50 is the launchpad. Next stop, moon.
$47.38 now.
I think we approach $49-$50 by Tuesday.
BEAUTIFUL…I have been waiting many years for this run.
Add a zero before the decimal, and then I will care.
Having said that, it's still an excellent time to buy.
I care now,I've doubled my money easy.
But it's still at 1/10th of it's proper trade value in current FRNs. In addition, unless you are trading your incredibly useful silver with useless FRNs (which would be foolish to the point of idiocy), why do you care?
It's a lot easier to get to 100 from here than from 25.
From my perspective, and from an incredible amount of evidence, gold is not too far off it's value (20% at most), and silver is between 1/8th to 1/10th of it's final adjusted value. It's currently about 1/80th+ of that. That would put $47, or even $100 as being stupid to trade at. When it was at $25, the ratio was probably in the 1/90 or 1/100 (depending on when you bought). 1/90, or 1/100, or 1/80, or even 1/40 is so undervalued it is literally meaningless from a selling (or trading) perspective. At $100, that means it's time to buy.
When you can actually trade it for a house, or property, or a car, or cocaine, or whatever floats your boat at a reasonable ratio, THEN it is meaningful. Until that time it is literally meaningless because you know it can't be traded yet. It effectively has zero value until it has a trade value that is not fuckery.
Bet your a lot of fun at parties,
So wut you think. I haven't bought any since it's rocketed up, I usually wait to buy until it dips back down but it's been a while. Keep buying at this price?
I don't know if it will dip again. I keep thinking it will, but instead it keeps going up so...
Since I can't "dip" by following my normal trend, I will probably just do with what I have. In truth, I have enough now even though "I would like more." Such is the human condition.
What's a "reasonable ratio" exactly?
Historically, silver and gold dip up and down, repeatedly, on relation to one another. In fact, if you know what to look for using the 80/50 rule, you can start with a single 1 oz gold coin and trade it for silver...then trade that silver for a gold coin, plus - repeatedly - and before long, wind up with a stack of gold coins having only purchased one, when you've worked inflation to your advantage.
If 1 oz gold > 80 ounces of silver - trade up to equal silver coins
If 1 oz gold < 50 ounces of silver - trade your silver for gold
Rinse and repeat.
This is how serious stackers play the game... while others just let it ride.
47.06 is spot price. That lower than futures price.
They had a big dip not long after open,and it didnt do any good.
Edit 47.12