105:1 -- Silver just can't keep up.

[<SLV>]

Anyone brave enough to convert monetary metal for industrial metal at these ratios?

EDIT: I just moved a chunk from PHYS to PSLV in a retirement account. Seems like the ratio can't stay this far spread for long.

 

[Cigarlover]

With oil and coal about to make a comeback as primary energy ounces, the whole lyric industry seems like it's doomed to fail. IMO it was doomed from the start. The only real purpose seems to be laundering money from EV companies back to politicians.
Anyway, fewer solar projects should mean less demand = lower prices. Back to 26.50 by years end? If gold holds onto 3500 by years end that puts the GSR at about 132.

 

[Wellsburg]

I have been considering selling some gold to buy silver, then wait for the ratio to revert back to 60:1 or 70:1 and trade back again.

However, I do not have a trusty brick and mortar store near here to handle the transaction. My best guy is 5 hour drive back where we used to live prior to 2021. Not willing to pay to ship $40K or $50K through the mail.

If the ratio moves to 112 or 115:1, I will not be able to resist and will make the drive.

 

[<SLV>]

I think the record was 125:1 during Covid.

 

[nickndfl]

125:1 puts gold spot at $4053 at current silver spot. It could happen if things do not calm down soon.

 

[nickndfl]

Spot @ $29.50 just received.

 

[SilverStacker]

Silver is just waiting for good economic news thats all. I'm still buying. Its insane to tie up my bullion money for two or three months just to afford a single gold oz. I'd go to collecting full time before doing that. I could "probably" get by buying a gold oz a month but a lot of other things in live would suffer. Right now I want to concentrate on a Morgans collection too.

Back up to $3,300 again. Which aint bad considering.

 

[Voodoo]

Anyone brave enough to convert monetary metal for industrial metal at these ratios?

EDIT: I just moved a chunk from PHYS to PSLV in a retirement account. Seems like the ratio can't stay this far spread for long.

Yep, got a 100:1 ratio and enough FRN's as well to get some lunch.

 

[SilverStacker]

Lately Ive been hearing about this new whizbang battery tech thats going to transform the E-vehicle market and its going to use a lot of silver which is really going to drive up prices in the next 2 to 3 years and beyond. Theres little question silver is going to be a very important part of future high tech. I think the big question is if anyone will be able to buy the darn stuff. At least the average working guy.

A recession will make spending $$ on a new E-vehicle out of range for most people or even worse a depression. But theres little question E-cars are the future and E-vehicles overall. Such a car with a 600 mi range and only a 9 min charging time is going to transform the Industry and that silver your stacking right now is going to end up a hell of an investment. https://silverseek.com/article/samsungs-silver-solid-state-battery-technology-1-kilogram-silver-car

Silver set to soar on Samsung’s solid-state battery breakthrough – analysts

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

www.kitco.com

 

[Cigarlover]

The technology sounds good. The only problem is where are they going to get 500 million ounces of silver from annually? There's already 150 million ounce deficit annually. Within 2 years LBMA would be drained. Comex is already running on empty.
At current prices each vehicle would use about 1000 worth of silver. If the price does go to 200 that goes up to 6 or 7k per vehicle. At what price point do consumers stop buying? Even at 200 an ounce silver there is still the supply issue. Within a couple of years they would also drain private investor stocks.
New mines take 10-15 years to get up and running but 1st you have to find new deposits of silver in quantities that make the mine feasible.

In the end it doesn't seem like a very good use of a precious resource.

 

[SilverStacker]

I think its all going to be a rolling tech that will span decades. We just can't go from gas powered vehicles to E-vehicles quickly. The Market wont cooperate and the consumer doesn't want it that fast. But it is the future and the silver is there. They just have to find it and mine it, and yes it will take time. In the mean time I expect silver will go from jewelry and billion minting towards more Industrial because thats how the market will respond. And of course prices will go higher and I think our investments will pay off even tho most of us are small players in the game.

I believe the time to stack is now. Most of all with gold at ridiculous prices. Man I'm not paying $3,500 for a gold coin.

 

[SilverStacker]

 

[pmbug]

I don't think the gold to silver ratio (GSR) matters very much presently.

Patterns observed in historical charts are not necessarily predictive for the future. To say that a GSR at a certain number means it will move a certain way in the future is an indirect way of saying that investment in both vehicles is related.

Today, however, I don't think the gold and silver markets are very much tied to one another. Gold markets are being driven by huge undercurrents from nation states. Silver markets are largely driven by industrial demand.

Gold and silver are going to do what they do and the GSR will record their travels, but I don't think it will influence or be prescriptive.

Silver will pop when the exchange vaults can no longer support the paper leverage and it's coming (assuming we avoid a global economic crisis) irrespective of what gold is doing.

 

[JayDubya]

Man I'm not paying $3,500 for a gold coin.

I think that's a big underlying problem with any run up in metals.

The pool of buyers shrinks fairly quick and shrinks even faster when you start trying to sell larger bars/rounds.

1oz of AU at $3300 so if you're sitting on a 50 gram bar you're looking at $5300, of course that means if you're holding a 100 gram bar you're trying to find a buyer at $10,600.

God forbid if years ago you bought something "for the cool factor" like a 10 oz bar.

 

[SilverStacker]

I was just saying in another forum how the nations and banks getting all weak in the legs are driving up the prices for the average working guy who just wants the occasional 1oz or 1/2 oz coin a couple/six times a year. a country like China, America, the UK, the Swiss, where ever basically, can buy pallets of 1 kilo bars because what do they care ? Whatever they lose they can make up some where else and they manipulate the prices in the first place. Its the working guy who wants a few 1oz coins a year who has been priced out because sure as hell wages haven't kept up and inflation has taken the steam out of their paychecks as well.

The smaller coin and bullion houses must be hurting too because they are dependent on the working guy as well. And its a cut throat business even in the best of times.