47.05 market open +0.39 (+0.83%) Past 5 Days • as of Sep 29, 12:05 AM EDT +2.67 (+6.03%
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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.