Trade Your Silver For Gold When This Happens!
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- Опубликовано: 6 янв 2024
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Link To The 1 Oz. Silver Bar Featured In Today's Video:
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In this video I do a full breakdown and explanation of what is driving the rising silver to gold ratio today. In addition to that I show you all what realistic level I expect the ratio to pullback to at which point I would consider trading my silver for gold. This video also includes my 2024 price targets for gold & silver with its implications on the gold to silver ratio.
Be sure to watch to the very end because it is full of useful information.
None of this advice - I am not a financial advisor - this is educational material!
Links to data sources:
Gold to Silver Ratio Chart: www.macrotrends.net/1441/gold...
Central Bank Gold Buying Chart Data: www.reuters.com/markets/commo...
US Debt Clock: www.usdebtclock.org/
List of Top Assets By Market Cap: companiesmarketcap.com/assets...
Silver Supply & Demand Data: www.silverinstitute.org/silve...
#silver #silverprice #gold
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In 1980, silver was trading at $30/oz. That’s about $100/oz in today’s dollars. Paper silver has totally distorted the real price of gold and silver. Eventually, this will be rectified.
Totally agree. We know that the silver market is one of the most manipulated markets in the world. Also, silver has more industrial applications than gold. As the price of gold increases, it will become less affordable for the average investor, in effect increasing the demand for silver.
Elon Musk could buy the complete silver supply for 2024 with just 1/10 of his fortune at present market prices. Something doesn't make sense !
You can keep stacking silver hoping for that moonshot, but there is an opportunity cost for that.
@@sankalp3513 Not really. There is more of an opportunity cost buying gold.
At some point in the future we will be able to create gold and silver though nuclear fusion or by mining asteroids or the earths core. Producing gold and silver this way will cost close to the same per kg then for each of them. It for sure won't be 85 times as expensive to procur gold this way.
Also silver has arguably the more important industrial characteristics, beeing the best conductor in existence.
I'm rather secure in my oppinion, that my dirtcheap silver will be a much safer investment in this scenario. Procuring 1kg of material in the new way is much more likely to cost less than 70.000$ than it is to cost less than 800$. Maybe the new method will not even be lucrative for silver, as it's still so much cheaper than gold.
I see a good chance that silver will at one point be at a 1-5 ratio again in around 30-40 years and I am not in a rush. If it stays at a 1-85 ratio I lost nothing. How likely is it really for the ratio to become considerably worse than now? I don't really see that scenario at all.
I hope so!
The Gold:Silver ratio is broken just like the PM price discovery scheme. Silver deficits will continue until the can't. Once the Crimex scheme breaks we will begin to find the true value of both.
Ha ha Crimex! Ain't THAT the truth! Selling contracts that represent nothing everyday to suppress the price. What would happen if fractional reserve was punishable by death and a few banksters were made examples of to prove the point?
60:1. Ha. Out of the ground ratio is 8:1. Gold holds monetary value. Silver holds both industrial and monetary value. There is much gold storage but zero silver storage. Silver is already in a 5 yr deficit. IMO. During hyperinflation 10:1. After reset 4:1. Eventually going 1:1 as technology ramps up. When mining picks up the end may be 3:1. Thanks bald guy. ✝️
You make me want to buy more silver 😅
from your lips to God's ears!
Nope.
Dude, I think silver is way undervalued, too, but it'll never be 1:1
@@TXLionHeartwhy not ?
I think instead of converting the value into another savings vehicle. Its best to exchange for raw assets. Land, livestock, labor, maybe housing or buildings of some kind. Thats where real wealth lies anyway in my opinion.
I agree 100%!!!
Housing is in a bubble and land is taxed . Livestock has a lot of cost associated with it. Buy ammo and physical gold, no counterparty risks associated with those anyway . JMO.
If and when silver goes to hundreds per ounce, I'm selling most of my silver and buying land in the Black Hills of South Dakota.
Gorgeous area
I'm at 2000 Ag vs 100 Au, whatever that ratio is...
I'm in the Bix Weir camp that, there is WAY more Gold above ground than we are lead to believe.
Whereas 60% of current Silver production is used industrially and is taken 'off the table'.
Therefore, Silver is going to be found to be WAY more rare than the current 8-1 production levels
Did you mean to say 2000 Ag vs 100 Au?
Thanks Bald Guy for the comprehensive video
I agree with you on the gold side. When the economy is faltering, like it is now, gold will go up since central banks will be buying gold rather than dollars. Silver just hangs on, going up slowly with inflation. When the economy is good, the demand for silver will increase due to increased industrial demand, and so will the price. I expect gold to beat silver in 2024 but in 2025 or 2026 I expect silver to beat gold. Always great to hear your opinion.
Thank you for this description.
Cheers!!
Thank you for discussing this topic, and addressing the how people forget to include premiums with the GSR ect.
I think silver would start to bring the ratio down if the metals become monetary again. Sure, the banks will still hold to gold, but pre 1971 they did that, but also their silver out of necessity. Therefore, I maintain that the need for siler will rise exponentially because of the demand regardless of the commercial or industrial demand. I will wait to convert when it gets to 16/1.
16:1 seems unreasonable to me but I would be trading silver for gold starting at a GSR of 40:1. I would do that in increments of 10% of my tradable stack and follow the GSR as it
drops lower. If it stops dropping, I stop trading and would be happy with what I had at that time. As recently as 13 years ago, we did have a GSR of just under 32:1. Other than that,
it's been quite a while since it was under 20:1, let alone 15:1 or 16:1. Not saying that it won't or can't happen, just that it seems very unlikely to me.
One thing not mentioned in this discussion is that anyone holding silver that they bought at a much lower price than today probably does not care as much about the loss of premium
on the trade. Yes, I know that most dealers do not trade. They would see it as them buying your silver and you buying their gold with the proceeds. This simplifies their bookkeeping
and tax issues. Those who inherited some silver from their parents or grand parents likely would be in a similar situation, IMO.
Using stats from the past, especially the current past (last 50 years) is what is questionable to me in the long term. Always in the past, fiat has entirely collapsed, (4200 times according to Lynette Zang). Because of this, after the dollar collapses, I expect the ratio to go to long historical past levels. I only stack collectable, graded items now, the rare, because we lived in the West and all our other stack we got for a dollar for dollar. @@edb3877
Great insights BG, Thanks.
Thank you! Appreciate very much your evaluation and sharing.
Another Great video Thanks Bald Guy have a Nice day !
Thanks, you too!
Great content , thank you !
Thank you so much for the super thanks. I’ve been slow in responding to comments lately because I’ve received so many and have also been busy. You are much appreciated and valued.
Great Information! Thanks!
I've been so much heavier on silver than gold. As of now, I hold roughly 275/1. I stacked very hard on silver in 2018 and 19. If the future ratio tightens, I plan to sell or trade silver for gold. My plan is, at 60/1, move 20% of silver for gold. I will continue to move 20% of silver at 50/1, 40/1, and even at 30/1. That's my plan. I will continue to stack both silver and gold at these price point. Thank you for sharing with the community
I am at about 127:1 silver to gold. I just feel like converting would cost me a LOT of money.
Dollar cost averaging is as equally important. I'm all in on silver at roughly $21/oz. If prices continue to climb, it makes my decision much easier. No matter, continue to buy on the dips.
@@SilverSergeant I had this same conversation with my store friends yesterday. They were quite willing to cut me a break on the round-trip premiums when I'm ready to make the conversion. Talk to your LCS.
Am approx 60 + silver ounces to 1 ounce of gold bullion.
Top notch as always. Nice to rethink my ratios.
I see this to be a wonderful backend research work. Please continue such high value content. As far my understanding goes I am of an opinion too that the gap in GSR is increasing by the decade but trying to connect the dots. I have gone through most of the internet but somehow creators are just trying to explain what GSR is and presenting those historical charts without regard to reality.
Please continue doing such videos man! Kudos.
Cheers!
I came into this with one idea and came out with another idea altogether. Great video.
Glad you enjoyed it. Cheers.
Thank you Bald Guy for another great video! Your genuine concern for your viewers is excellent! God bless you!
Thank you so much for watching.
YW! @@baldguymoney5568 😀
Great video!
Bravo Bald Buy Money! Good show, excellent points! 👏
Thank you. I am glad people aren’t mad about this. I’m just being honest about the facts.
@@baldguymoney5568 I really wish people would accept the fact that we are in a whole new era and a whole new world... Gold Standard and Free Market system are NOT the same thing and as long as Gold & Silver are traded on the free market, they we will never see the historic GSR we did back when we were still on the gold standard.
I am reading both your comments and your listeners and I am impressed with the thoughtful quality of ideas presented here 👍🏻
Another superlative video by Bald Guy Money. Thanks!!
Thank you so much for your kind comment.
Shaddys back! Binge watching your videos in quarantine. Not sick but mandatory. Catching up.
Cheers Bald Guy.🥃 return home next week.
I’ll tell a friend 😆 cheers brother. Welcome back!
Wow! You make perfect sense here. 😊
Glad you think so!
We may never see a 40 to 1 ratio. Even if all the above ground silver got bought up, the big banks would hedge against the ratio on the speculation of how much silver is still in the ground waiting to be mined. That's why they made gold a tier one asset. The big banks want gold and they are not going to give it up on the cheap.
The g/s mining ratio dropped to 6:1 last year. Half used is permanently lost with a multi million ounce mining deficit.
Given the flow of information globally, I do not discount the irrationality of people to temporarily bring the ratio 1:1 in a time of industrial shortage.
Great summary as usual BGM.
Thanks!
100% with you on this. A factor GSR traders are counting on is silver premiums during a demand squeeze. Price targets/predictions focus on spot, but the percentage of premium increase is typically higher with silver than gold, thus eating away at the cost of a silver to gold trade. There's always a spread, but dealers pay premiums when demand outpaces spot. But as noted, stacking at a 1 to 40 ratio from the beginning is wise and eliminates cycle strategies and added involvement in what should be a simple insurance plan.
In 1980 a good number of dealers were buying silver at 70% or less of spot. When silver spiked to nearly $50 in 2011 it lost 25% of its value in less than a week and dealers were paying back of spot for it then too (certainly my dealers were). People aren't looking at the entire picture of what happened during those spikes when they talk about the GSR
When I swapped gold for silver at my dealer the premium was so small because it's a swap, if you buy silver bars at $2 above spot it's still worth the trade I've been buying silver at a well above 80/1 and looking forward to 50 40 30/1 for a swap
35:1 Ag gets HEAVY after a while. The security apparatus is straining the foundation. When it runs, I'll probably convert most to Au and never look back.
Silver is a major industrial metal, undervalued deliberately to use it in ICBMs and other smart-bombs. Just hypothetically, what if they stop finding silver in all mines in near future and demand goes up exponentially? I really appreciate your analysis 🙏
Yeah I dont think people are calculating the real value of silver. Obviously silver offers way more utility than gold and people are dwelling over current low manipulated spot prices.
I look at the big picture and the case for letting go a lot of silver for a little gold makes no sense to me.
I moved my target from 15 to 35 a couple of years ago. I’m going to consider your proposal and perhaps make another change.
Haha, thanks! This was actually what I was asking about.
Glad I could accurately address your question this time around.
Your comments make sense to me, thanks, bald guy
What would happen if someone like the US or China decided to go back to a gold standard to wipe out their debt? That would allow them to be back on level ground and wipe out their debt which will soon be unserviceable due to rising interest rates. Sure that would require a gold price near $55k per oz. They have done dumber things in the past, so a gold standard would bring a country back, not saying they will do this. Also not even sure if we in the US still have the gold, but we do know that countries like China and India do have it. Just an interesting question.
If they do not also change their spending habits, this will be like putting a band-aid on a cut artery. Getting congress to spend less is terribly difficult.
Their personal power depends on them spending other people's money, so they are loathe to cut it at all, let alone significantly.
You can’t just wipe out your debt. Lenders would expect something in return.
11:50 Good point, it sure seems like trying to play the ratio to trade silver for gold and be ahead isn't going to happen. The premiums will kill you. I get it, I buy silver because it feels good to get a whole tube of Maples or Eagles for ~$700 when one of each in gold is over $2,000. But Bald Guy makes sense...instead of buying silver and trying to "trade up" into gold to your advantage, just go straight to gold. Either decrease buying frequency and buy an ounce at a time, or buy just as often but buy 1/4 oz or 1/2 oz instead of full oz. It isn't about the spot price, it is about the premiums. Don't get hit twice (USD->silver, then silver->gold), get hit once and hold.
Good point! From now on I think I have enough or almost enough silver. I had one gold purchase and in a few months will buy another. Thanks for the wake up call.
I do think it’s a prudent strategy to just buy whatever is “not in favor”, but with silver premiums so low right now, I think buying silver to eventually trade up into gold now makes a lot of sense. For sure premiums can go negative (as they have in the past), but that typically happens on silver moonshots, when you’d be happy to get close to spot price anyways.
There is no relationship of debt/money to any physical asset. Because the fiat system has exploded the currency supply and the valuations of debt-based assets the silver-to-gold ratio will collapse in the impending event of a global bond market collapse of confidence. All current valuations must detach themselves from debt assets and attach to a physical commodity of known quantity. Thus silver becomes immediately remonetized/liquid/ beneficiary of vast currency denominated valuation. What purchasing power will be will be wholly dependent on the percieved willingness of the counterparty to hold the silver as a long term store of value in the manner that gold is held- which it of course will. Copper, nickel, steel, platinum will benefit but not to the extent that gold and silver always do when confidence is completely lost. All items of value are primarily denominated and understood in terms of dollar amounts ALL ACROSS THE GLOBE. Silver is merely the MOST USEFUL metal in ADDITION to being precious NOT a solely INDUSTRIAL METAL. Thus the gold to silver ratio collapses to unheard of lows in the impending debt collapse. NO ONE WILL CARE or TRUST the central banks and their failure will be deeply and profoundly resented. Silver will be the absolute premium collateral as gold will be the unit that vast sums of value are denominated in. There are less than 10 grams of gold per person supposedly held by the Treasury in the US. That means 10 grams represents the entire collateral of each person's lifetime money supply as a conceptual basis. We will need new concepts when this debt collapses...which is very soon.
Well said. 😊
Wonderful insight/perspectives in this video. Silver does have an industrial component and is more affordable for the masses (~$30 for 1oz silver vs. ~$2000 for 1oz gold). However, as you mentioned, central banks are accumulating gold en masse.
Short of silver supplies _drying up_, I don't foresee a 16:1 S/G ratio. 60:1 is reasonable. If silver begins acting like a monetary metal again I could see a 40-50:1 being possible.
My question would be. What is the best way to get people 25 years old or older interested in stacking or collecting precious metals in some form? I started when I was 19 and now I'm over 55.
IMO, they need to understand how the USA handles its finances. Once they do that, they will become VERY interested in trading fiat debt paper for something tangible.
You've done well. Wish i had that much time under my belt to get those glorious buy prices. I didn't realize what was going on until 2011 in my 20s
Great question. Best way would be to have influencers raise awareness.
Bald Guy I believe you have the ability to discuss “ taxation impacts on metal sales “ related to the VALUE ENHANCEMENT only, versus TAXATION OF ONLY NOMINAL ENHANCEMENT . In one case you actually have “value gain “ the other case only produced a nominal gain WHICH SHOULD NOT BE SUBJECT TO TAX( after all THEY dilute the value with QE). Income tax tables are indexed why not EXTEND TO METALS “profit “ further stop the 28% tax on metals so called profits
Thanks!
Chris my brother! You are too generous.
Thank you for this breakdown. I get some amount of grief every time I tell someone in the comments that expecting the GSR to return to levels it was at many decades ago might not be a sound strategy. I love silver but the ratio will never return to 15 to 1 for exactly the reasons you mentioned. I'll be happy with an increase in 2024 instead of a neutral year like we had in 2023. Thank you!
Hey brother!!! So nice to see you in the comments as usual. I agree with you -
Some people are touchy about this, but the facts are the facts.
Personally, I look at the ratio differently.
Current ratio is 88:1, at spot.
I use retail price because that's how I buy, so the ratio, currently is 76.5:1.
I don't sell/trade to dealers but I do trade with other enthusiasts who use a more realistic ratio with premiums factored in.
Of course, there is always negotiating.
Right or wrong, it works fairly.
I'm not an expert, just looking at it from another perspective.
Finally, someone who gets it. I agree 100%
Great. perspective and a logical approach. Personally, I have been buying more gold right now. Not because I don't like silver. I have been stacking since 2008 when silver bullion was lower. I do pickup 90% as well, but I follow what Central Banks are doing to give me a direction on what to buy. Regardless, I sleep soundly!
Great approach Kevin. Gold continues to be in high demand and is performing well. Cheers.
The only thing that will make silver prices climb significantly is industry and technology creating a supply and demand awakening. Banks will on purpose keep strong gold prices for the reasons that you have shared. After all, silver is the Aquileia's heel with those bankers.
I still consider a Hunt Brothers scenario can easily play out, but this time in the physical market. The mistake the Hunt Brothers did was they used leverage on paper contracts. This isn't necessary any more because there are so many people who can buy the complete physical supply. There is a yearly supply of 1 billion oz's of physical silver (about 23 billion USD). A small group of billionaires, or just one person like Elon Musk could buy ALL the supply for 2024. With silver it doesn't need the central banks - it only needs a few individuals. However, if one central bank like Russia wanted to create chaos to the USD, all they need to do is spend some of their 'pocket money'.
However, I'm still amazed that no one has bought up the physical supply in the last years. It would be interesting to know why no one has emptied out the COMEX warehouses - the financial ability is clearly available.
Actually, the Hunt Brothers leveraged themselves by borrowing a lot of money. That was their mistake. Today billionaires wouldn't need to borrow anything. There are over 2100 billionaires worldwide, many are multi-billionaires.
I have both gold & silver, but I'm not a fan of silver. It is too heavy, it tarnishes & the premiums are usually too high. 60/1 is a good ratio to get rid of most of mine.
I do see your point, and I’m very heavy in silver (125:1) but my fear is if I went heavy into gold I’d be faced with a hard liquid in those 1 oz coins vs silver.
@@Eli-qr9hc I sell gold jewelry, so liquidating my gold is not a problem, to include 1 kg gold bars. Plus, I have gold wholesale suppliers that make 1 gram gold coins & I buy them for very little over spot, unlike most people that would have to pay higher premiums for the smaller gold denominations.
Thanks
Can't really afford gold, but have plenty of space for silver.
I used to think I couldn't afford gold as well however, I figured out that it can be more affordable than you think. You have a lot of room for silver you say. I tell you this . . . That space fills up quickly my friend
After some time your space won't mean much if it isn't sitting over a reinforced concrete slab.
Do you mate . Both have their place.
I appreciate the research that went into this video. Most of us do not know that one hour of work behind the scenes equals one minute of video presentation (on average). So, about 15 hours of preparation - two days' work? Am I in the ball park?
I’d say it’s about 6 or 7 hours of prep for this video. It’s a topic I know well so it didn’t require as much work as last week’s video. Thanks for recognizing the effort though.
Build up a stack of silver, but once it becomes a pain to store it, switch to gold. I have ~400 troy oz of silver. I might get a tub of Eagles if the premium isn't too high, but otherwise, I'm focused on gold when it comes to stacking. Much easier to store.
In other words, a few hundred ounces of silver should suffice. Beyond that, you have to be mad to want allocate more space to silver.
I guess that depends on the amount of space that one has available to them. My silver stack is much larger than 400 ozs., yet I seem to get along with it just fine.
My silver stacking goal was met in 2019, so I now only buy silver of the price is good and the items are very attractive, such as 1880s-1890s Morgan dollars in AU
or better condition, BU condition 1964 Kennedy halves, and early 2000s proof statehood quarters. I do have some circulated US silver coins but am not adding
any more of them to the stack.
The ratio gold to silver is represented here since 1987 forward. However, historically it averaged 15:1, and some people like to point this out. However, that ratio is unlikely to appear again. LOTS of silver is now obtained mining entirely different elements... Copper, Zinc, Lead, etc... the list is long. Many MANY more mining concerns exist today which are not in the business to find silver, but do anyway as a by-product. I think your 60:1 assessment is more likely. And still be a boon to the silver stacker. Cheers.
Funny this topic comes up. I was just corresponding with another channel about the GSR and how it effects my decision making. My overall goals are to have enough silver to cover 12 months reserve (You know when the zombies government or banks come a-walkin). Almost 1/2 all of the gold I have acquired has been from taking advantage of the silver spikes in spot/premiums. When silver was scarce and rose to near 30.00 I sold off 50% of my silver purchased sub 18.00 for 30+ and ounce. When ASE's were 45.00+e. though distribution, I was lucky enough to sell every eagle I had for a slight discount from online price. Although I do have a few silver pieces I will not part with, I look at silver as a tool. If you average the GSR it has one long rise from 40:1 to 85:1 (going back to Nixon of course). IMO the fun is working the GSR with gold as the endgame.
My goal value is way way higher than my silver value, I just have a hard time purchasing Silver when I can afford gold, But thanks for the info bald guy I’m a little bit
Going to convert some of my silver to gold when GSR sinks below 70. In no hurry; I can wait it out.
70....too high. 50 or below
I agree , 50 or below
If silver goes way up, i plan on exchanging some of my silver for bitcoin.
I would love to see your analysis of Swiss Francs. It is hard to find physical assets to hold that don't have any institutional risk, but I recently discovered that they return an average of 2.5% against the dollar. While I know that's not stellar, at least it's another physical hedge you can hold in your hands. Would you recommend them to balance out the currency portion of your portfolio?
not swapping silver at all
My holdings are currently in a weight ratio of about 48 ounces of silver per ounce of gold. At today’s spot prices, that’s a value ratio of about 1.8 dollars in gold per 1 dollar in silver. I want to move towards more gold, but it has been difficult, psychologically, because I perceive the value proposition of silver to be greater right now, even with the difference in premiums. However, storage issues for the silver are starting to factor into the equation. I feel that the primary utility for silver will be to sub-divide gold for daily transactions, whereas the primary utility for gold is storage and preservation of wealth. Therefore, a 1.8 : 1 value ratio, IMO, is unbalanced in favor of silver from a utility perspective. I feel that something closer to a 5 : 1 value ratio, or possibly greater, depending on the gross value of all the holdings, would be better.
Agreed, I too am reaching that pivotal point of running out of room for my Silver even though I have very little gold sometimes I feel like I’m stuck in it tailspin buying more silver
Put your silver in portable storage cases like Pelican brand, and stack those, adding mobility and organization. Your silver doesnt have to hold you down
@@AndersAylward Great idea…thanks!
A 40-1 ratio from current ratio, in itself says, you just doubled the entire cost of your initial purchase cost, including premiums, so in fact may pay for your premium on gold exchange as well 😊
Not sure I follow. If you’re playing the GSR?
right or wrong, sound reasoning
Just played the ratio, in South Africa the ratio at the moment is 65 to 1
How does that happen if there is a global spot price? I’m interested.
All I want is me GOLD....!!! Thanks for the video Sir..
Cheers!
Haha, good movie
More money going into silver does not require money leaving gold. Increased investor and industrial demand will lower the GSR. Historically silver outperforms gold during bull markets.
I agree - in fact, that’s exactly what I said in this video.
Its hard to believe silver is so cheap. Im buying at every chance.
I still buy too - but I try to strike a healthy balance between silver and gold.
I'm guessing it would be better to sell off silver when it starts to go up if you want to sell it off before it would get too high and the market get too flooded with sellers or would it be better to hang on until it starts coming back down from a high and have to compete with a flood on the market
One of my dealers wanted around 12-13oz of silver over the ratio to trade for gold.
And that’s what I’m talking about. Thanks for sharing!
Reports speak of an increase in production of PV panels. It is said that the new more efficient panels use something in the order of 80% more silver per panel.
I will start trading Ag for Au when the GSR reaches in the 35/1 range. And I did say ":start trading:", because I feel we will see a moment when it will go even lower!!
Remember it only takes Silver to go up $10 and the ratio goes from (Au $ 2045 / Ag $ 23.19) 88 to 1 to (Au $ 2045 / Ag $33.19 ) 61 to 1. Since we know that Silver is the child on a sugar rush when shit starts moving, expect some fireworks!!! Happy New Year bud. Stay safe, the crazies are multiplying like cockroaches....Cheers
Happy new year Sarge!!
Can you cover AQST? Aquestive Therapeutics has an FDA decision date set for April 28th on Libervant, could potentially see a run, similar to a previous instance where their stock doubled in the three months leading up to an FDA decision date and now it’s the second attempt and they have better trials and much more data. They also now have all buy and strong buy ratings with a few price target increases for 2024. Could be a great swing play imo.
There is many aspects to you post and we all thank you for your input. But it all depends where you live how much you annual income is or investment income is and the currency value is where you live is trading for as this post is international...When it comes to the crunch or fomo how many ounces for dollars can you put your hand on, and what do you need it for? Say you live the in Australia you need $3k a oz after tax (for average person) and expenses spare to buy metals, pending your wages that could be 2-3 months pay to buy 1 oz of gold then wait 6-12 months for price of gold vs currency to a come in play to be in front or pay over the top. I look at the metal vs the currency ratio were I live to figure out the right time to buy but once I have 2000 ounces I looking more gold depending price, but thanks again.
Thanks for adding your point of view - it is much appreciated here.
Which silver is better to trade for gold, sovereign minted silver (Eagles, Maples) or private mint silver (Buffalo rounds)?
Depends on what prices you're being offered. I would think it would typically be sovereign coins.
Ratio is going to get higher as gold goes up. THEY need the silver price low and will keep the ratio as high as possible as long as possible...
I feel you should have an 85 Ounces of silver for every ounce of gold (instantly convertible) primarily for one reason.
Silver is likely to out perform gold if prices ever go to where they should be if you're going for profit.
One should always remember that precious metals are a means to store wealth in tangible asset if the financial market collapses.
When the ETF market collapses you'll be loving metals prices no matter what you're holding.
The gap has widened since they started paper trading plus its easier to keep a lid on gold by stretching the rubber band between gold and silver. No doubt about it we are in a currency crisis and the ratio will revert back to mean of 15-1 ratio. The inflow into silver will blow your mind. Sorry im in a different camp....we were on a silver standard before silver was demonitized, it was a wealth transfer because they couldn't steel silver or control silver....as long as we can still buy silver with paper then we are still on a gold/silver standard. Exters pyramid shows this because the financialized illussion of assets were born out of a gold/silver base so when all the digits in the big ponzi scheme collapses....it will collapse through the pyramid back into the base....silver is going to be a once in our lifetime opportunity that will make gold look like its standing still. Great content 👌 thanks for you views
Everyone is entitled to their point of view. I want people to share their ideas here - so thank you!! Cheers.
How do you take into account the 'hit' you'll take in both directions i.e. the premium you pay for selling the silver, then the premium you pay for buying the gold? Is there a formula?
I assume current premium on silver - I sell at spot - and then I factor in current premium on gold. Minimum is a 13% cost for the transaction. Likely higher.
My gold broker “ told me” that he makes his commission on the sale - not the buyback . He said that when I want to sell ; he would give me the best price .
When silver hit like $30.00 an ounce ; he did offer me $31.77 to buy it back . I probably should have sold it , but I didn’t .
If you average out everything (high/low/average G/S, mined, g/s to dollar ratio, production, reserves) you get a G/S ratio of 40:1. Not sure if this means anything but maybe gives the most average ratio between the two.
I wouldn't play the G/S ratio game because the numbers are arbitrary since historical charts mean nothing to what the future brings, only guesses. Any major catalyst could plummet or drive up the ratio. I like to keep it simple and not try to get caught up in what that perfect stack ratio of X:X (silver to gold) is. I buy both depending on what deals I find or what makes it fun to stack to keep me stacking. With that my stack is showing to be around 149:1 (S/G). Could be too high, could be too low for some people but lets be honest, nobody knows until hindsight.
The New Rules of
Money can become
the Old Rules .
Great video. Now here's a more important question. How can I look as good as you with a bald head??? Maybe work that into your next precious metals video. Perhaps I should start sleepping with my silver for the medicinal properties?
Great video Bald Guy, keep 'em coming. ~from Sarnia, Ontario
Haha! Money and sunshine. Those are the key ingredients. Cheers Zuke! From a Windsor boy.
For the past 10 years, the progression gold advance was fully controlled by BIS, like to see video "BIS finally yield"
I am backing up the truck.
My stack is sitting at 125:1. I feel my concerns lie that silver is more liquid than a1 oz of gold.
Silver forecast for "Electronics, PV & EV", 2024 to 2030 is estimated (cumulatively derived from various sources that have generally underestimated demand in the past) at around 815M Oz. That is more than all mined silver today. Silver is also needed for medical, water purification, photo, soldering applications, chemical catalysts, etc. And this does not consider investment silver requirements for coin and bars. Not to mention jewellery and silverware. And who knows how much silver is required for military and space and emerging applications. Can all silver demand be supplied from above ground silver reserves and recycling for much longer? Most Unlikely. And when the price moves the FOMO investors will take interest as right now less than 2% of the population have a silver position.. angel investors in silver? ...
Is your ratio a ounce to ounce ratio, or, a $ value of Gold to $ value of Silver ratio?
40 to 1 is an ounce to ounce ratio.
How soon before 1 tube (20) of silver ounces will be worth the same as 1 ounce of gold?
According to my analysis - we will not likely reach that point.
Silver to $35 next cycling between $32 and $38. All this on inflation alone. Current increase is due to inflation...using dollar devaluation gold is .85 cents...for silver dollar devaluation it's at 2.1 cent... ($20.67/$2400(spot)= dollar devaluation in terms of gold)... This means silver should be 2.1 times the value it is now to be on par with gold...if gold goes to $3000, GSR at 100 puts silver at $30...GSR of 80 puts silver at $37.50...Silver to $35 next cycling between $32 and $38. All this on inflation alone. Current increase is due to inflation...using dollar devaluation gold is .85 cents...for silver dollar devaluation it's at 2.1 cent...
40 to 1 ratio? Oops, I'm currently holding a 1500 Ag to 1 Au. Hoping to chip-up when the GSR gets to 60 to 1 during my lifetime... please! Actually I'm ok with that much Silver, it has a better chance of doubling, over Gold.
How do you find a metals dealer that willing to do the sliver/gold trade
The fact is that I have never seen one who does that. They buy from you - then sell to you. That is how it really works.
Bald guy - I read that India in the autumn of 2022 purchased 40% of the total global mining supply of physical silver . AND I recently read that PBOC is stockpiling physical silver .
Any truth to this ?
AND
WHAT is your take on these two statements ?
I heard something about that but I’d have to do some research.
@@baldguymoney5568 thanks 🙏
I wouldn't be surprised if silver didn't go anywhere in the next 10 years. I have it but have zero expectations. Gold on the other hand will most certainly move upward in the coming years.
Let's see.
Silver
Is the US Fed or the mints or military or other government agencies buying gold?
In the USA? Not to my knowledge.
@@baldguymoney5568 Just curious! So much is reported in the social media about gold purchases by other countries that it occurred me that possibly the mints here are doing the same. After all where are the gold and silver that is used to mint silver and gold American Eagles sourced? Are they using the gold stored in Fort Knox, Denver Mint, Philadelphia, San Francisco or New York? I am not saying or implying anything nefarious. It’s like coffee the beans are usually grown in Africa or Central America and roasted, ground, sold here. Isn’t that what Starbucks and others do? It is a thought experiment!
There’s a guy on RUclips claimed physical silver will drop to $17.77 Not spot but physical 1 Troy once.
Well... I have a good record of calling bottoms on metals and I don't see that happening.
@@baldguymoney5568good to know! Thanks BG
Why is the ultimate 'GOAL' for gold:silver STILL expressed at the historical ratio of 15:1 when gold is only mined at 7-8:1 to silver, and above ground gold reserve is higher than silver and silver is consumed by industrial applications in green energy (PV, EV 5G - which don't work without silver), also electronics, medical applications, water purification, catalysis, soldering, etc etc , as well as historically being real money (as physical, rare, and divisible). The 21st century applications are something that in history using their valuations and could never even dream of the future reality and innovations we have today.
Remember Oil was practicably worthless until the 20th century until refined as a cheap alternative to whale blubber and bee wax for heating and lightning, as paraffin was produced as a 'cheap' substitute, and the newly emerging automotive internal combustion (IC) revolution when petrol (or gasoline) could be substituted in the newly invented alcohol based engines and 'diesel' for the compression engines as a substitute for vegetable oils (and subsequently kerosine or jet A1 fuel for aviation). In addition, as a substitute for 'phenol and formaldehyde' bakalite as the 20th century plastic revolution exploded. Not only that but the gasification of oil produced nitrogen fertilisers to grow more food for an expanding population and replace dung and seaweed. History is history. Vast wealth emerged from Texas to Saudi Arabia from once worthless oil.
In the 21st century, carbon based pollution and global warming as a consequence of oil use will be substituted yet again. And in our generation by silver based applications for energy, electronics, fertiliser (green ammonia) and much much more as new applications are patented.
But, there is a problem. Silver is much rarer than oil and "wealth" will shift to those in the possession of silver. Make no doubt, the 'silver age' has begun. So, the same question once again: Why would the ULTIMATE GOAL for gold:silver be EVER projected at a ridiculous historical ratio of just 15:1?...
Unless value is solely determined upon reading charts, looking at horizontal analysis, vertical analysis, ratio analysis, trend analysis and cost-volume profit analysis? or looking at the Fibonacci sequence trends or looking for cup and handle patterns or forbid it all, relying upon analysis of comex and LME paper trades? Seriously? Ignore all the nonsense.
15 to 1 or 7 to 1 - it doesn't really matter. Both are unreasonable to plan around.
Kings and rulers didn't decide the gold to silver ratio. Mining decided the gold to silver ratio. Demand for precious metals are actually much higher in the modern age. In the past, grain, tea, and especially textiles were actually competing currencies. In the modern world, grain and other products don't compete with precious metals as currency. Only fiat competes, and if currencies weaken further, precious metals will certainly outcompete weakening currencies and inflated real estate for a store of value.
I wouldn’t say that’s entirely true. Rulers decided on debasing currencies which moved the ratios based on many factors.
@@baldguymoney5568 the people were swift to restore their purchasing power when hard money was debased by using grain, textiles, and other goods as currency. The rulers then fell, because demand for hard money decreased in proportion to the increase in supply. At the point soldiers were no longer satisfied with being paid in hard money, if they weren't permitted to loot and rob their own people, they turned on the rulers and killed them at the behest of the next guy in line for power.
Never turn your back on silver. Like the quiet person in the room!
Would you consider that the Dollar
died in 2008 ?
Not really. It’s still in wide use. The dollar’s day is coming - it just hasn’t happened yet.
Do it Not us!
what happen to silver price when there is panic and everyone on earth start to convert thier fiat curreny to silver bullion?.
That would require all fiat currencies to fail at the same time. I think it will be a slow move of people into it.
@@baldguymoney5568 Thank you so much.
What silver? What gold?
Boating accident?