Lots of silver "stacking," not so much gold stacking

Oh yes. I couldn't agree with you more. Its like you took the word out of my mouth. I didn't read the whole thing, just the OP. I bet this guy is getting so much hate.

I like silver and I think its probably a decent buy ..... if you can get it near spot which to me is like 5% over spot or less. I never pay more than 4% over spot for gold. Im not paying 20% over spot for some flippers silver. There is just so much silver out there... why pay 20% over.

I like 90% coins for the history and all and I just like them but everyone right now wants 14.5X or higher which translates into $20.28 which is like 17% over spot. I have seen so so many people trying to sell 90% for 16x or 17x. Give me a EDITED break.

So many on the silver side are just so unrealistic ( not all, but many ).

1. "Silver is almost gone, its so rare." For real stop kidding yourself there is so much silver like the OP said they are even making EDITED coins which sell for what 50% over spot or more. "Rare" is one of those words that doesn't really have a definition but silver is not rare unless your definition of "rare" is more liberal than Bill Maher and Michael Moore put together.

2. "Buy silver since the GSR is 70 to 1." They said buy silver when it was 35 to 1 then when it was 40 to 1 then when it was 45 to 1 and so on. They have been wrong the whole way. Im not sure its a valid point that you should buy A over B just because A has been getting its head bashed in by B forever.

3. "Always buy the dips, I always buy the dips. That's what I do "
Did you buy the dip from 50 to 45 ? NO From 45 to 39 ? No From 39 to 35 ? NO From 35 to 31 ? no From 31 to 26? NO
Anyone who "always buys the dips" would be homeless right about now and have a DCA of 35 +

4. "Soon the GSR will be single digits and probably even 1:1. I guarantee it "
The first time I heard that was back in like 2011 .... when the GSR was around 35.

5. "The Comex is about to default then silver will be $500 or more"
They have been guaranteeing a COMEX default forever. Sounds like those people who guarantee the end of the world every year.

 

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What I have in gold and silver is a fraction of what I have in the market and real estate. If both gold and silver became worthless tomorrow I'd be much more amused then hurt by it. I'd just be trying to figure out how to get all my silver 5oz ATB 'quarters' into a vending machine! But I'm betting that silver will be up over $45 an oz within 5 years, or even sooner. If not - I'm not losing any sleep either way.

 

so in other words -- never

in a decade or so it will be 110 to 1 and people will say they will swap to gold once it falls back under 80

the GSR has always gone up since the end of pegging ( over a reasonable time period) there is no reason to believe all of a sudden its going to do a 180 and go in the opposite direction. One is the clear winner here. and yes I know you can pick your spots like you can in anything, Im talking about a reasonbale time period the GSR always increases. That's just a fact. And yes as someone point out in one of my other threads back a few years ago the GSR was 59 to 1 then the next month it was down to 55 to 1. WOO HOO. 1 month ---- ITS 71 to 1 NOW !!!!!!! So all he did was prove my point.

NONE OF US WILL EVER SEE GSR UNDER 50 AGAIN. EVER !!!!!!!!!!

 

Yep that's why silver and gold are both good.

Someday real soon that 20 trillion that cant be paid back will be 30 trillion that cant be paid back

 

While we are on the subject of metals, what the deal with copper? Every coin show I go to has several dealers selling rounds and bars of copper. And talk about premiums over spot! I saw copper rounds selling for $9 each. With copper just under .17 cents an ounce that's outrageous and makes the premiums on gold and silver look like they are giving it away. But even at a dollar or two, it's still outrageous. Is anyone out there stockpiling copper in coin form?? I'd like to meet them because I have a bridge to sell them.

 

Which is more likey to double -- GOLD.

Which is going to double "in the next year or two " -- ABSOLUTELY 100% GUARANTEE you -- NEITHER.

Remember the big run up in 1980 ( silver $50, Gold $800 ) ( GSR 16 ) since then Gold is up 50% silver is down 70%.

This latest run up ( gold $1900 Silver $50 ) (GSR 38) Gold down 33% silver down 70%.

I think in 2 years we might have Gold $1400 Silver $20. (GSR 70)That's about tops.

 

I hang on to the old copper pennies when I come across them in circulation but I don't buy copper as bullion. That seems like it would take up a huge amount of space to stockpile enough to make it worth it even if you got it for spot.

 

LOL. Yeah that's true. But in fact your post is exactly what the OP is saying here. Copper is silver on steroids.

 

yeah I used to do that to then 1 day I said screw it. I only keep the Wheaties now which I probably shouldn't even do that. Just cant bring myself to put them back into circulation or bring 500 Wheaties to the LCS looking for $12.

 

sure. and the new unemployment rate is all of a sudden different than the way they've been doing it for decades, right?

 

Bingo. Unemployment rate has always been calculated this way in the modern era. So, I guess some woo-woos believe we have always had enormous unemployment?
*face palm*

 

Silver is copper on steroids. I like that - I don't think its true, but I still like it.
I didn't say which 'would' double in two years. I just said which is more likely to double. I admit freely that gold is more stable, while silver sees wide swings. I'm hoping to catch the next silver high and cash out, because I expect it will crash again shortly after it hits another high of $45 or $50 (whenever that is).
But also consider this, silver has a lot of industrial applications, while gold has few. Most of the gold mined each year goes into jewelry and coins. While everyone wants gold, nobody really needs it. While we need silver to run and to have a lot of things we take for granted in our everything lives.

 

Shadowstats have many many who feel they are cooking the stats. In fairness, since the previous posts mention it, I would recommend the following for those who wish to research further.


http://rationalwiki.org/wiki/Shadow_Government_Statistics
https://en.wikipedia.org/wiki/Shadowstats.com
https://azizonomics.com/2013/06/01/the-trouble-with-shadowstats/

 

"shadow govt". LOL