GSR and other ratios

[goldking]

1 minute ago, Seth said:

I don't have anywhere near the faith in silver that a lot of the members here do

I hear you bro.  If silver was £1 an ounce I'd still be buying gold .

[Seth]

10 minutes ago, goldking said:

I hear you bro.  If silver was £1 an ounce I'd still be buying gold .

Like I said when I joined this forum, the only reason why I have silver is that while out walking the dog one night last year, the little bugger dug up somebodies stack, and it was what I would call I decent sized stack, I struggled to drag it home, and drove it to the police station to turn in the next morning, if the police hadn't called me in to come and collect it a few monhs later and told me it was now mine, I wouldn't own any silver besides the bracelets that are around my wrist, and the only reason why I have bought some is to continue adding to the collection of coins that I know are in the stack, while I decide what I'm going to do with it, I still haven't gone through the whole stack yet, just the coins that I instantly recognised or had a rough idea what they are.

[goldking]

Up through 1: 105 just now.

[HawkHybrid]

if you work with the idea that gold/silver is held to

serve a purpose, then you can adjust what you hold

to better serve that purpose as your understanding

and the environments of the metals change.

 

HH

[goldking]

GSR is irrelevant, as I keep saying.  Hasn't been relevant for 170 years since the end of the silver to gold ratio.  The current ratio just further proves it every time the gap widens.

[goldking]

GSR now 1:113    Edit: make that 1:120 .

Silver is finished.

[Shinus73]

2 minutes ago, goldking said:

GSR now 1:113  

Silver is finished.

Has it gone somewhere? Mine looks much the same as it did before, no change that I can see. My gold also.

Ignore the panic and noise.

[richatthecroft]

55 minutes ago, Shinus73 said:

Has it gone somewhere? Mine looks much the same as it did before, no change that I can see. My gold also.

Ignore the panic and noise.

Agreed

[bluemoon]

1 hour ago, goldking said:

GSR now 1:113    Edit: make that 1:120 .

Silver is finished.

Come on fella, this knee-jerk reaction makes it easy for the rest of us to buy cheap silver. Join us instead and let the masses make claims like that!

[augur]

Au:Pt 2:0!

[Abyss]

Have we ever seen Gold to Silver ratio this high before 115?

[Michal]

At 9:35 1093k contracts exchanged at comex future on silver, that is your answer what happened , a lot of toilet paper were dump at comex. I thought they are not in retail sector 🤔

 

Edit

To put that in perspective it was 1 min trade range, usual trade volume in this scope is under 100 contracts.

[Abyss]

2 minutes ago, Michal said:

At 9:35 1093k contracts exchanged at comex future on silver, that is your answer what happened , a lot of toilet paper were dump at comex. I thought they are not in retail sector 🤔

1093k futures contract equivalent 5.5 million oz but not that many to be honest.

https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html?optid=437#tradeDate=20200313

[goldking]

7 minutes ago, Michal said:

At 9:35 1093k contracts exchanged at comex future on silver, that is your answer what happened , a lot of toilet paper were dump at comex. I thought they are not in retail sector 🤔

 

Edit

To put that in perspective it was 1 min trade range, usual trade volume in this scope is under 100 contracts.

Clearly they'd been reading my advice above to sell it all before it became worthless.   Others will learn the hard way .

[5huggy]

6 minutes ago, goldking said:

Clearly they'd been reading my advice above to sell it all before it became worthless.   Others will learn the hard way .

And NOW this dont look too good - so if your selling gold I'll buy it 😉

[daca]

30 minutes ago, augur said:

Au:Pt 2:0!

 

 

 

[HawkHybrid]

2 hours ago, Shinus73 said:

Has it gone somewhere? Mine looks much the same as it did before, no change that I can see. My gold also.

Ignore the panic and noise.

 

if you'd held currency you'd be looking at an opportunity

for a 20% discount on the spot price of silver. what's 20%?

only the full value of the vat forum members strive to

reduce by doing currency transfers and bulk buying from

europe.

 

recognising the facts doesn't mean you shouldn't try to

position yourself better for the future?

 

question remains, will you learn from this experience and

maybe hold some opportunistic currency for the next panic

or are you happy to ignore it on all future occasions?

 

for those who claim this is totally unpredictable.

this is the clip that I posted of igold cautioning people to

take more defensive measures as a gsr breakout with

silver underperforming doesn't seem sustainable from

historic data. it has a likelihood of both metals falling.

https://www.youtube.com/watch?v=ioF44RqiQQE

 

HH

[MancunianStacker]

6 minutes ago, HawkHybrid said:

 

if you'd held currency you'd be looking at an opportunity

for a 20% discount on the spot price of silver. what's 20%?

only the full value of the vat forum members strive to

reduce by doing currency transfers and bulk buying from

europe.

 

recognising the facts doesn't mean you shouldn't try to

position yourself better for the future?

 

question remains, will you learn from this experience and

maybe hold some opportunistic currency for the next panic

or are you happy to ignore it on all future occasions?

 

HH

Got tons of currency mate but no dealer is selling. You you’d have to buy in advance of this scenario anyway. 

[HawkHybrid]

1 hour ago, MancunianStacker said:

Got tons of currency mate but no dealer is selling.

 

a crisis won't fix itself overnight, how long can metals

dealers(whose sole operation is to sell metals) hold this

up for? they might as well close up shop?

you don't have to/unlikely to hit the whole 20%, let's

say a 10% discount. 10% is only two years worth of historic

average interest rates?

 

HH

[sovereignsteve]

They will resume normal trading when they can replace their stock at current prices

[Shinus73]

1 hour ago, HawkHybrid said:

 

if you'd held currency you'd be looking at an opportunity

for a 20% discount on the spot price of silver. what's 20%?

only the full value of the vat forum members strive to

reduce by doing currency transfers and bulk buying from

europe.

 

recognising the facts doesn't mean you shouldn't try to

position yourself better for the future?

 

question remains, will you learn from this experience and

maybe hold some opportunistic currency for the next panic

or are you happy to ignore it on all future occasions?

 

for those who claim this is totally unpredictable.

this is the clip that I posted of igold cautioning people to

take more defensive measures as a gsr breakout with

silver underperforming doesn't seem sustainable from

historic data. it has a likelihood of both metals falling.

https://www.youtube.com/watch?v=ioF44RqiQQE

 

HH

I have currency to use.

The current market action has precisely zero to do with the GSR. That’s not to say it wasn’t predictable behaviour in a financial crisis - it’s following 2008 so far.

[HawkHybrid]

24 minutes ago, zhoutonged said:

Yes so have I too much for my liking TBH, what makes HH think he knows peoples cash positions I wonder?

 

either you have little in cash which means you are

using a thimble when it's raining gold or

you have a big percentage in currency in which case

you don't practice what you preach.

take your pick and keep up the conspiracy theories on

how wrong it is to hold/use currency.

 

bottom line is those who are holding a larger ratio of

metals versus currency are losing out on this metals

sale.

 

HH

[HawkHybrid]

37 minutes ago, Shinus73 said:

I have currency to use.

The current market action has precisely zero to do with the GSR. That’s not to say it wasn’t predictable behaviour in a financial crisis - it’s following 2008 so far.

 

the question is should you have more currency next time

take advantage of drops like this?

 

HH

[Shinus73]

6 minutes ago, HawkHybrid said:

 

the question is should you have more currency next time

take advantage of drops like this?

 

HH

Really, as much as I would like to think I am, I’m not clever enough to predict the exact date of a financial crisis, along with 99.999% of the rest of the global population.

Good luck to those of who you are.

[HawkHybrid]

6 minutes ago, zhoutonged said:

Miles off. I’m about 50/50 cash and pms so plenty of dry powder. That’s after today’s dabble so dont pretend you know other people’s positions. Stocks Zero not even miners. I fully expected pms to slip, if you listened to or read other people’s posts you might learn something m8

 

that makes your conspiracy theories 50% wrong

by faith in conviction.

well done peddling your conspiracy theories about

how bad currency is. all those who have a lesser

than opportunistic position in currency have people

like you to thank for being not being able to act as

fully as they would like. well done for looking out for

only yourself and posting comments to mislead

others in the opposite direction.

 

HH