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TRYING TO "Play the GSR" -- HORRIBLE IDEA
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<p>[QUOTE="InfleXion, post: 4346421, member: 29012"]The GSR is a great reference for whether my dollars should be buying gold (overpriced) or silver (undervalued). Swapping the metal itself is only prudent at major extremes. We are amid one now if you want to trade gold for silver, but I need to see 30:1 again before I'll think about trading silver for gold. The mining output ratio is 8:1 and the historic ratio is 15-20:1 so I do anticipate a nice swing downward at some point if markets ever regain sanity which is not a given. Since silver usually moves where gold does but at a faster pitch, a dropping GSR implies rising prices as silver rises faster than gold. With deflation on the immediate horizon, it may take more time for all the new money printing to kick in. I'm eyeballing 2021 as the year for new highs, but see more downside this year. Not that you'll find better deals as the physical market is going gangbusters because of all the money printing.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 4346421, member: 29012"]The GSR is a great reference for whether my dollars should be buying gold (overpriced) or silver (undervalued). Swapping the metal itself is only prudent at major extremes. We are amid one now if you want to trade gold for silver, but I need to see 30:1 again before I'll think about trading silver for gold. The mining output ratio is 8:1 and the historic ratio is 15-20:1 so I do anticipate a nice swing downward at some point if markets ever regain sanity which is not a given. Since silver usually moves where gold does but at a faster pitch, a dropping GSR implies rising prices as silver rises faster than gold. With deflation on the immediate horizon, it may take more time for all the new money printing to kick in. I'm eyeballing 2021 as the year for new highs, but see more downside this year. Not that you'll find better deals as the physical market is going gangbusters because of all the money printing.[/QUOTE]
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TRYING TO "Play the GSR" -- HORRIBLE IDEA
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