GSR

[Market Harmony]

Now. Do it.

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Sell gold, buy silver with 100% of proceeds. GSR target 65. Current GSR: 88

[aloneibreak]

GSR bouncing around 95

hasnt been there since ~1991

[InfleXion]

GSR bouncing around 95

hasnt been there since ~1991

Wow, feels like a buy moment for sure. I just grabbed some hologram CMLs for $18/oz. My dad and I went in on them back when spot was $14, paid $16/oz, but he needed some cash, and I'll offer more than the coin shop.

Remember though that if the global downturn continues, positions will need to be liquidated to offset losses, and where gold goes, silver goes with more fervor. We might even see the GSR at 110 or 120 if markets harder than they are. I would love to get a 100 oz bar at $12/oz.

[aloneibreak]

just broke 100:1

what a time to be alive

[68Camaro]

May you live in interesting times....

Futures trading halted overnight limit down equivalent to a Dow opening of -1300. European markets opened down 8+% before coming back to -5%. They will be looking to see what the US market does this morning.

I presume the PM mini sell off was more of forced selling due to short covering elsewhere. PMs ARE safe havens ... but often there is a fire sale before they skyrocket - happened two weeks ago and this is the same thing. Gold is performing better than silver just because it is a better safe haven (not that silver won't eventually follow).

[IdahoCopper]

Mon, 16 Mar 20,

Ag at $12.01,

Au at $1,460.00.

.

GSR = 121.565

[68Camaro]

Glad I didn't make that trade! I like silver but I like gold as well and won't trade at this point - if I want silver I will trade FRNs for it.

[Recyclersteve]

The problem is that silver is really cheap right now- on paper. Trying to get it for that price (in any real quantity) is quite the challenge.

[Cu Penny Hoarder]

The problem is that silver is really cheap right now- on paper. Trying to get it for that price (in any real quantity) is quite the challenge.

Did a quick look-see just now. 90-95% of bullion dealer inventory is gone.

[Cu Penny Hoarder]

Glad I didn't make that trade! I like silver but I like gold as well and won't trade at this point - if I want silver I will trade FRNs for it.

You won't find any to buy.

[68Camaro]

Oh but I did, 500 oz at 13.95 / toz shipped. And you can certainly find more even now - just at a higher price. It might still be a better deal than selling gold.

[Cu Penny Hoarder]

Oh but I did, 500 oz at 13.95 / toz shipped. And you can certainly find more even now - just at a higher price. It might still be a better deal than selling gold.

I meant this morning.

The main things I see that are still readily available are Morgans, Peace dollars and generic rounds.

Almost all ASE's, CML's, and non-generic bars are sold out.

[agmoose]

Still at 110:1 today. Premiums are still up on silver over historical norms at the bullion sites.

[amalekidad]

Why do y'all keep talking about Gun Shot Residue?

[IdahoCopper]

Why do y'all keep talking about Gun Shot Residue?

Gold / Silver Ratio (GSR)

Is how many ounces of silver is needed to buy one ounce of gold at the Spot Price of both metals.

[amalekidad]

I know, I'm just trying to stir the pot. Get people talking.
Hellllloooooo, is anybody out there?

[coppernickel]

I know, I'm just trying to stir the pot. Get people talking.
Hellllloooooo, is anybody out there?

Just a few zombies, it's finally Sonday come to life time.


Back to the GSR, great time to buy silver.

[Bama47]

Certainly buy silver right now....if you can find it!!

I do, but I still can not get away from buying some gold as well!!

I know the GSR is in favor of buying silver and that would probably be where I would be strictly if it weren't for this craziness. But given how, IMHO, the economy is being taken down to a complete crash on a global scale ---- Its best just to obtain as much gold and silver as you can right now!!

[Market Harmony]

Vindication is not "back to break even"

88:1 is a well-measured flip point. You can't predict pricing reactions during a pandemic's outbreak.

A GSR portfolio is for the long term, not even month to month. This is a yearly analysis. We have a loooooooong way to go. 65:1 is just the first target.

The time to make a move is when you can... even if you could have timed the high in the GSR ratio, I wonder whether you would have been able to actually make a trade without getting hammered on the premium shuffle. We were easily able to move out of gold and into silver when I said to "push the button" Even today, as the GSR has theoretically gone back down, you will be hard pressed to figure out a good trade with the premiums the way that they are right now.

I am not always right.

[Treetop]

Near impossible to call the full tops or bottoms of any market. I dont think you made a bad call market harmony, just not a perfect one.

[Market Harmony]

Near impossible to call the full tops or bottoms of any market. I dont think you made a bad call market harmony, just not a perfect one.

Something that is important to consider in regards to the difference between physical price and paper price... I never took the time to analyze the premium shuffle, but my professional supposition is that the premiums for silver far outpaced the premiums for gold products. Therefore, any pricing disparities that you could take advantage of on a paper trade did not, will not, and probably cannot ever be realized on a 1:1 basis in the physical trade. I'm wondering just how far away from "perfect call" I really was/am. I also wonder what the real "best" physical to physical trade ratio really was.

[Spikeanator6982]

how long will we go?

[Recyclersteve]

you will be hard pressed to figure out a good trade with the premiums the way that they are right now.

When the price was low in March and premiums for junk silver and ASE's were ridiculous, I just bought SLV (the silver ETF) in the stock market. There you don't have to worry about ridiculous premiums or dealer markups. The difference between the bid and ask is usually just 1-2 cents per share. SLV has tons of liquidity- currently it is averaging 32 million shares traded per day, so getting in and out is very easy.

The trade worked fine, except that I'd have made a lot more if I just had the stones to hold on til now. Oh well. Not complaining.

[Recyclersteve]

how long will we go?

If you are asking that question, I sure hope you don't plan on investing anything other than gambling money. Silver can easily go down 10-20% at virtually any time. And then it can always turn around and go right back up. There is tons of good info and sharp people on this site, but you need to be prepared to dig deep to get it. If I were managing money for you (and I don't do that), I'd ask the following as a minimum:

1) How much do you want to invest?
2) What is your goal (percent to gain) and by when?
3) Are you prepared to buy more if it goes down 10-20% and maybe even more than once?
4) Are you someone who can get faked out easily when rumors come out or are you cool as a cucumber? (This is often hard to answer well until you have your hard earned money on the line and things are NOT going well)
5) What are you doing to hedge your investments? Ideally, someone wants to be able to say, "Well if I lose a lot on this investment, I will likely do very well on this other one. And there is a good chance both could do well over time."

Others can probably add other questions that would be good to ask. The best investors are cool and calm under fire.

P.S. Nobody but nobody can definitively answer your question. You will merely get opinions.

[Catfish4u]

'3) Are you prepared to buy more if it goes down 10-20% and maybe even more than once?' I do not agree with this one. Just because it drops does not mean you 'should throw more money at it'. You should not be chasing losses with the 'rent money'. jmho