Why is SILVER being discounted so much versus GOLD ?

Lol, but illegal to whose perspective?

I understand that the Chinese government can sell 100 tons of gold, and force a drop of $50 in spot, then buy the 100 tons back and raise the price by $50. Personally, I feel that market manipulation happens a LOT out there, as we all are on the sidelines betting with our paltry sums.

I see Silver having the same fate, with Gov’ts jumping in, but also big Tech trying to capture industrial supply. Buy/sell inventories to influence / suppress price to gain inventory advantage.

 

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Liquidity is important. If a dealer buys a bunch of gold coins and knows he can sell them within 1 week, he is not taking on much risk.

OTOH....same $$$ value in silver, maybe he needs weeks or months to sell it.

 

Then the price will adjust and go lower to account for the shenanigans.

And who says the Chinese CB can sell 100 tons of gold and not depress the price and take the loss themselves ?

 

Silver is more abundant than gold hence the gold/silver ratio. It's used in a lot of newer technologies, AI being a primary one. However, it is vastly undervalued and I personally believe it should be closer to $300 an ounce. I mean we saw silver break the $100 barrier this year. It's absolutely possible. Also don't get me started on the Hunt Brothers.

 

At the peak of the bubble in January, the Gold/Silver ratio got down to about 50 or high-$40's.

As things have settled down, we're back to 68-70x.

I would be shocked if we went back to the "old" Gold/Silver ratios with a much higher silver price....if they haven't rallied on the AI Boom (bubble ?) I don't think EVs or Data Centers will push the price up and the ratio lower in the future.

Could be wrong....I never would have thought it would more than triple from the $30's....but the amount of buying to move it from $60 to $300 is alot. Think GME at $350 vs. $20.

 

Even though i have some SILVER, For me atleast its just a pathway to more GOLD
even at the highest levels you would be lucky to take `a family of 4 out for a nice dinner

 

Plunged to $56.33 today. I guess this is why they don't want to pay spot because they could be holding the bag quick. But on the way up you'll pay spot plus. The metals are slowly bleeding off their gains, day by day.

 

312 million Oz deficit last year. Almost 40% of global mine supply in a deficit, yet the price plummets.... SILVER it's on sale now nothing to be sad about!! There is a fella who we drink coffee every morning said that a single cruise missile can contain up to 500 ounces.... i don't believe that but whatever. NUKES FLY THEN DOLLAR DIES...

 

Yeah, that story started gaining traction years ago. It's been debunked.

 

It’s a lot more convenient to invest in and store gold than silver. Gold takes up a lot less safe deposit box space than silver does for the same investment amount.

Those who invest in copper need to buy warehouses.

Look at it this way. If gold is $4,000 an ounce and silver is $60 an ounce, you need 66.66 ounces of silver to equal one ounce of gold. Secure storage space is expensive.

 

Yup.....just read up on the history of Mint storage of MSDs vs. Saints.

I think I may have posted the size differential in square footage to store $1 million in MSDs. vs. Double Eagles.

 

Based on volume and face value, I get Morgans taking up just a bit less than 24x the space of Saints for a given dollar amount...?