Gold : Silver ratio tops 80

[FourNinesFine]

As of the time of posting - 10:10am, the Gold - Silver ratio is above 80.

Conventional wisdom (as far as I understand it) suggests that this is 'high' and that focussing on silver is a [quote] "correct" strategy.

I'm new at all this but just wondering if this is the general concensus? Assuming that the ratio will close up at some point.

Not looking for investment advice, just the conversation around the ratio and people's thoughts more broadly.

Edited April 22, 2022 by FourNinesFine

[flyingveepixie]

I've heard that silver is just about the most manipulated precious metal in order to keep the price low, although I'll admit that I don't really understand the reasoning behind it or why they want to do it in the first place.  Bankers greed obviously comes into it in some way and they have to keep their crappy fiat system propped up somehow and I think this has something to do with it, but as to why and how - I haven't got a scooby.  I'm fairly new to this game too and have a lot to learn..

It's a fine assumption that the ratio will close up some day but highly speculative with a good bit of wishful thinking thrown in if what I hear is correct I think...🤔   The banksters are class A scumbags and if they have anything to do with it, it probably never will...

Edited April 23, 2022 by flyingveepixie

[MetalMandible]

I think it is important to look beyond the ratio with regard to spot price, unless we are talking about paper metals.  The premium must be a consideration for physical, and that narrows the difference substantially.  I think gold is still overall a better buy unless you can find some very low premium silver.

[flyingveepixie]

4 hours ago, MetalMandible said:

I think it is important to look beyond the ratio with regard to spot price, unless we are talking about paper metals.  The premium must be a consideration for physical, and that narrows the difference substantially.  I think gold is still overall a better buy unless you can find some very low premium silver.

I agree. Gold is better for both the point you mention about premium and the fact you need to hold 80xless of it than you do of silver.  Having said that though, if you sell your silver Brits on ebay you can usually just about manage to cover both the VAT and the premium you originally paid, although you still have to consider the selling fee. If you're very lucky you can pretty much just about get your money back, although until the day something happens to counteract the deliberate spot price suppression I would forget about making a profit..

Edited April 24, 2022 by flyingveepixie

[Roy]

13 hours ago, flyingveepixie said:

I've heard that silver is just about the most manipulated precious metal in order to keep the price low, although I'll admit that I don't really understand the reasoning behind it or why they want to do it in the first place.

Is it because of its use in industry? If the price of silver goes up, everything that uses silver goes up?

[flyingveepixie]

3 hours ago, Roy said:

Is it because of its use in industry? If the price of silver goes up, everything that uses silver goes up?

TBH I've got no idea what it's all about, but I've read quite a few posts on here which say that it's highly manipulated by the banks for their own reasons of greed and profit.  I've also read a couple of reports elsewhere of international banks like HSBC and Barclays stacking silver at a ridiculous rate.   As to the why of it or the actual mechanism of how they manipulate it to keep the price low - I have no clue...

Edited April 24, 2022 by flyingveepixie