Discussion in 'Bullion Investing' started by goldcollector, Apr 17, 2017.
1 year ago today GSR was 82, it's currently 84.
On Jan 1 2020, GSR was 84, it's currently 84
Log in or Sign up to hide this ad.
GOLD JUST BROKE ALL TIME HIGH
And silver even with it's recent run up is only 44% of it's high.
STILL WAITING LAPS
It’s only a horrible idea if there’s no volatility, going from 82 up to 115 and back down is plenty of volatility. If your timing was right it was probably one of the best times ever to play the gold silver ratio.
When the GSR went to 120 ( the highest GSR in 5000 years ) , silver could not be had anywhere for less than $25-$27 at the very minimum. So, no there was no profit at all to be made playing the ratio.
It's funny when the GSR went up to 120, there was only one person in this entire thread saying it would surely go back down a great bit.
I wonder who that was ?
Hmm I wonder who that was
So why do you even care about the melt ratio..? ....you need the ratio that includes the premium on both gold and silver.....Kind of means all these ratios you have been spitting out are pointless.
My coin dealer will trade with ME using the ratio, I pretty much always pay 5% for both gold and silver when I actually use a dealer.
“You’ll never make money playing the ratio”
“You’ll never make money playing the ratio when the silver premium is higher than the gold premium”
Pretty sure with that 35 point swing in a matter of months there’s room to account for a 20% silver premium and only a 5% gold...you do the math.
If you think the premium on silver was only 20% during those 3 months you clearly didn't buy any.
This thread started with a GSR of 68, current GSR is 85. OUCH
That doesn’t tell much of a story....What about all the volatility on the way to 85?
In the case of silver especially, I don't think volatility means much. Everyone knows premiums are higher when spot is lower. You do realize that silver fell to like $11.90 but there was no silver to be bought for less than $22-$24 and most was going for close to $30 with spot at $12. So where exactly is the profit potential ? Right now with spot at $22, ASEs are $30 + everywhere and even generic rounds are $5 over spot.
I'm sorry but the way you are posting here makes me think you are just a watcher. If you had really been buying PMs anytime since March, you would know silver premiums have been atrocious everywhere. So atrocious that even with this nice run-up silver has had, anyone buying in the last 5 months is still down, still paying off the premium.
Here is JMbullion right now. But APMEX and every place else is the same. ASEs are $33, that's an $11 premium or 50%, even generic rounds are $5 over or a 24% premiums. AGEs are at a 5% premium.
So say you buy ASEs, silver can increase 40%, your still down or call it even as you can get $2-$3 over when you sell. So a 40% increase in silver spot you are even at best.
Say you buy an AGE and gold only goes up 20%. You are up $300 and that's assuming you sell at spot but AGEs can be sold a few dollars over too.
But still silver goes up twice as much, Gold was still the better buy.
Same thing has happened last 5 months. Anyone who bought in last 5 months is still down quite a bit. If you bought Gold or Platinum last 5 months you are up big. I know that for a fact with Platinum. I was buying it at 15% premium, 20% at the most. At that same time, silver was $13 even lower. So 15% premium at $13 spot is $14.95. It was selling for double that.
“I only post this to show that there were and still are ASES to be had at $4-$5 over spot so why in the world do silvidiots insist on paying $29 for an ASE”
But I guess it’s only you who get them at $4 over.....you do realize some of us do zero online purchases, some of us only buy from dealers we have a 20 year relationship with, some of us can buy 90% junk at under melt.....who said silver/gold trades needed to be made in ASEs..?
In his mind, or lack thereof, his ideas are the best ideas for everyone. It's ok if your situation is different, his profit making is foolproof, provided you have no conscience.
Well I got them at $5 over which is still not enough to be even
Your story is a common one. So common that I even addressed it in the first post in this thread. The original post #1.
Yes it's true that if you have someone willing to sell you silver at 50% of current going rates, you should buy that silver. Yes you should. That still doesn't make silver a good play. The rest of the world has to pay close to market rates. Your b&m was selling you 90% under spot while several online dealers were PAYING well over spot. Lol. I think you should stop wasting time on cointalk and go buy out his entire inventory because that's some massive arbitrage right there.
I cannot speak to the b&m's practically giving away their inventory and other tall tales of internetville.
Here in the real world very little silver has been offered under $27-$30 for some time. Still a far cry from even breaking even. While any and all Platinum and Gold bought over the past 5 months is well into profit territory. The difference with Platinum and gold is you weren't required to find a b&m willing to sell at 50% going rates. I haven't been buying gold lately but over the last 5 months I have bought some 60+ ounces of Platinum, nearly all APEs. I have paid anywhere from $700-$825 for them so I am up anywhere from $125-$250 each. As I could get $950 now. I could easily post screenshoted order summaries from the various online sites. I'm certain we won't see any b&m receipts showing 90% bought under spot in the last 4-5 months, but you do you.
I'm sure none of us would advise buying 1988 donruss as an investment. But if you could find someone to sell you a bunch far below market rates, you could actually make a killing on them though. Still doesn't make them a good investment at market rates.
This one is currently only at a profit of $140 as I paid a little more than I like but still it's up nicely. Yes the check was $729 but total was $810. It requires 10% down by debit card. If you pay 100% by debit card it ships faster but there is a 4 or 5% extra charge
And all this talk of us going crazy when it goes up 2-3 dollars... lol
I'm not that small time. I put 4 figures into silver over a period of time but you don't need to know that Danny.
Markets are not an exact science, and clearly silver is not being driven the same way as gold.
ROFLMAO. A whole $1000 "over a period of time". Sorry but that sounds pretty small time, but you do you.
Never gave a specific number. Let's just say that Stimulus we got makes only a fraction of my holdings in PM.
Separate names with a comma.