Predictions for gold and silver prices?

We had a guy on CT up until a couple of years ago who was heavily into the gold:silver ratio. He was hell bent on touting that ratio would never drop below 100:1 again. Well that ratio blew through 90, 80, and 70, to where it sits today at 64.6:1

If my failing memory serves me correct, his screen name was baseballnut.

 

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That's pretty crazy considering how much gold has gone up as well. Silver lagged in value for so long, it had to give sometime. There are tons of industrial uses for silver that gold doesn't have.

 

I’m well over 500 ounces just in bars and rounds of silver. I still have the silver rounds that I bought in Idaho when zI went to the Sunshine Mining Company. They had a small display room so I bought a few ounces at less than $10 per ounce.

 

I bet there's a lot of regrets out there. Heck, I traded a kilo on something and got $50/oz trade value on it a month ago plus a wad of cash. Should have waited and kept the cash. Im glad I didn't let anymore go. The youngsters were probably happy as silver briefly hit $67.67 around lunch today.

 

I've still got some one oz'ers from when I was a kid that would've been acquired around $5 to $7 each. A dealer sold me a 100 gram in person for $150 just 35 days ago.

 

Nice. I am so glad I didn't sell any junk silver this past summer just to make more vault room, silver is bulky. I'd be kicking myself. I was disgusted with my local coin shop, I should go by and thank him now. Not sure he would take that kindly after his low ball offer didn't happen.

 

Best to just forget saying anything to them. Just smile about it. I sold over $400 of coins in my antique shop today. That’s how I unload my extras and get some extra cash. No spot pricing for me.

 

It might be best not saying anything for you, but I would visit the shop and let's see how things GO with a few comments. The guy tried to low ball him I definitely stop by for a visit... Especially if you do allot of business in the local lowball shop. I understand they got to make profit. I would sit down and have a come to Jesus meeting with them, him, or her. Silver and the Gold to me is kind of sort of like a family member very precious.

 

We are paying 4.00 and selling for 4.40 ea
Sun city coin in Sun city Ca. Dimes

 

I’m selling common date dimes for $4.75 in my antique shop.

 

That's a narrower margin than the one online dealer whose buy prices I can see - the online dealer is paying 41.something, but charging 47.something. I like your LCS prices.

 

Not sure if anyone has posted this video before, but if you have some time, it is well worth the watch if you are holding physical silver. It's all speculation but based on some actual behind the scenes facts. It's possible that silver could go parabolic in the next 3 months. It's a long video, you can skip to the last 10 minutes and decide if you want to watch the entire thing. If you do, you'll end up watching the entire video.

 

Care to summarize, especially the "behind the scenes facts"? I'm a bit burned out on AI spew.

 

The clock is ticking for the banks that are shorting silver to cover margin requirements. They do not have anywhere near the amount of silver to physically deliver on their short contracts. I don't fully understand the mechanics but at $67 dollar spot a regulatory trigger was hit yesterday. If the video is anything close to being correct, within the next 3 months it will trigger a short squeeze sending the price multiples of what today's spot price is. It's good news for stackers and horrible news for those holding EFT paper, the investment firms selling EFTs do not actually have the physical silver that their paper backs.

All of that video is speculation, but all of the symptoms are in place for a squeeze, skyrocking the price.

 

So the ETF London markets have to buy physical & fly it in? Again?

 

I have no idea. Futures contracts are above my pay grade.