gold and silver up 4% but wait a minute

[craig12]

the % ratio seems to be growing further apart   from silver to gold  I think its around  80   as previously it was around 69    is silver really going to climb   todays been an amazing day for gold as the nyse sank    but I cant afford too much gold  , but  I thought silver had   as good an upside

gold seems to be creeping further away .......aw  well keep stacking

I suppose the clue was this             central banks don't vault silver   or china or Russia

 

I bought another 10 oz sm bar today    the woman on the phone at atkinsons  said the phones had been bezerk today   

[Danny-boy]

Silver is up just under 5%, gold is up just over 5%.

I don't get your point.

[Scuzzle]

I saw a Youtube video I think it was from The Wealth Watchman who envisaged a time when much of India would be priced out of gold and have to turn to physical silver for jewellery for Diwali, wedding season etc. which I thought might have some merit, they cant go with Bitcoin or ETF's they need to craft the metals and with them being taxed on gold if it shoots up in price it may well become too much for many to afford.

[garthy]

It always seems like experienced investors with their fingers on the trigger will buy gold and the novice investor will enter at a later date a buy silver, I reckon that ratio will reduce over the coming week or months.

[Danny-boy]

I'm holding out for GSR of 20 [emoji1]

[Vern]

@Danny-boy I am holding you to that gsr of 20 but I might start exchanging a little earlier just in case. 

[motorbikez]

Buy FRES & don't worry about GSR up 30% this week

[garthy]

1 minute ago, motorbikez said:

Buy FRES & don't worry about GSR up 30% this week

Tell me about it, I sold and was waiting for either $12 silver or £1000 gold, kicking myself now, too late to get back in??

[craig12]

1 hour ago, Danny-boy said:

Silver is up just under 5%, gold is up just over 5%.

I don't get your point.

i was simply making the point that if the gsr was 69 as it was before not so long ago   silver would be a higher price 

[Danny-boy]

Silver is up just under 5%, gold is up just over 5%.

I don't get your point.

i was simply making the point that if the gsr was 69 as it was before not so long ago   silver would be a higher price 

Yes, I get that, but the GSR isn't 69 because there have been gold and silver price changes.

I still don't get it, so I'll steer clear of this one.

[motorbikez]

56 minutes ago, garthy said:

Tell me about it, I sold and was waiting for either $12 silver or £1000 gold, kicking myself now, too late to get back in??

That's a difficult one Garthy, I can tell you I sold out completely from RRS today for a very nice profit, but I am going to hold FRES for a while yet, I think it has more potential then RRS as RRS is purely a gold play.

[Pipers]

@motorbikez Sorry to sound daft but whats RRS and FRES 

[HawkHybrid]

randgold ticker lse:rrs

fresnillo(big silver miner) ticker lse:fres

 

HH

[motorbikez]

@Pipers Randgold resources operates in Africa, pure gold play

 

Fresnillo operates in Mexico & is biggest primary silver miner in the world, also has a world class gold operation.

 

[DRooster]

On 11 February 2016 at 17:38, craig12 said:

  the woman on the phone at atkinsons  said the phones had been bezerk today   

Maybe a lot of customers see this as the start of a big long rise and are getting their orders in quick... while the price is still good.

[goldbones]

Youre only at the early stages of a banking crisis so the big moves come to gold first, eventually all commodities soar higher.

Think about things for a moment, the first things you look at to see fear is rapid movements in USD/JPY you saw the yen get closer and closer to parity that is fear in the forex market, you saw yields in bonds fall drastically in the 2-30 year treasuries.

Now what that indicates is that bond traders suspect 2 things:

1. possible negative US interest rates

2. potential bailout situation for banks (bonds do well in QE)

And then you see a flight to gold as the realization of the above spreads.

But here's the thing if both point 1 &2 occur and you have both negative rates and bailouts at this stage that would take all the bonds to negative and thats when the s**t hits the fan because you could end up with -5% on a 2 year treasury note nobody will want them and the bond market collapses helped by the general fear and distrust generated.

Where does the money go? it goes beserk on commodities nobody will want stocks, nobody will want real estate nobody will want bonds nobody will trust cash, and thats how you can end up in a global high inflation environment is when the debt market (bonds) collapses, forget the stock market thats tiny the debt market is huge and is faith in government which will erode.

[goldbones]

I might add though to keep your powder dry.

Keep in mind what happened in 2008, silver hit a high of $20 in March that year but then fell 50% by the end of the year even though banks were going bust.

Quiet hilarious looking back though not so funny at the time.

So don't blow all your cash yet.

To be honest that reaction was the paper market on silver in 2008 going into collapse, thats why you have to be careful with ETF's because they can go belly up and this time they might actually do that.

2008 price action on both gold and silver made ZERO sense and didn't reflect reality at all not even slightly and had banks really gone into collapse gold and silver would have gone to $0 on those paper markets even though in the real world they would be skyrocketing.