Silver Price Watch

[SKULL]

I have a feeling if the GSR goes to 15:1 you'll reconsider the value of silver vs Gold. Gold is mined, stored and WANTED, Silver is mined, consumed and NEEDED. I'd much rather be holding a bag of NEEDS than a bag of WANTS.

That's certainly a way of looking at it, but also keep in mind that Central Banks in most countries are buying as much GOLD as they can afford.

It's also being reported now that some countries ( especially China/Russia ) are now also adding silver to there strategic reserves.

I do consider GOLD to be the " Trump Card " if it does come down to a worldwide financial end game. Silver could be the Wild Joker. ( Western System Vs Brics/Global South )

But to ur point I will only ever sell 1/2 of my SILVER Stack if we get to a 50:1 GSR. I really don't think we will ever see a 15:1 GSR

 

[STKR]

IMO Central bank's are scrambling for gold because they want a seat at the table. There was a time in our recent past that Gold wasn't desired or acquired at such rates, and there will be a time where Gold is offloaded by central banks in the future once the insurance claim has run its course. That's the biggest problem I see with gold. It's great while the demand is there, once demand subsides, the acquired gold still exists and will look for a new home.
I think it's unlikely we'll return to a gold standard. If the new currency is backed by Gold, it will likely be on a fractional basis.

I often fall back on the fact the world we live in would be unphased if Gold were to disappear tomorrow. If silver were to disappear, civilization as we know it would come to a crashing halt - At least momentarily. Don't get me wrong, I love Gold... But nothing shines brighter than silver.

Gold is, and always will be, the 'King Daddy' of money. But Gold is far more abundant in aboveground reserves and is barely consumed. With a mining ratio of 7:1 (silver to gold), a 50:1 price ratio isn't even close to representing the true value of silver when a physical shortage eventuates.

 

[alor]

gold:silver
ratio seems to be by 20 years cycle
from 32 to 126
in 2011 to 2022
to next low possibly in 2031

 

[SKULL]

IMO Central bank's are scrambling for gold because they want a seat at the table. There was a time in our recent past that Gold wasn't desired or acquired at such rates, and there will be a time where Gold is offloaded by central banks in the future once the insurance claim has run its course. That's the biggest problem I see with gold. It's great while the demand is there, once demand subsides, the acquired gold still exists and will look for a new home.
I think it's unlikely we'll return to a gold standard. If the new currency is backed by Gold, it will likely be on a fractional basis.

I often fall back on the fact the world we live in would be unphased if Gold were to disappear tomorrow. If silver were to disappear, civilization as we know it would come to a crashing halt - At least momentarily. Don't get me wrong, I love Gold... But nothing shines brighter than silver.

Gold is, and always will be, the 'King Daddy' of money. But Gold is far more abundant in aboveground reserves and is barely consumed. With a mining ratio of 7:1 (silver to gold), a 50:1 price ratio isn't even close to representing the true value of silver when a physical shortage eventuates.

I do see the points u are making & to a degree they are valid. The difference that I see is the lens that u look thru when u are seeing Global Issues.

1 of the biggest Global Issues thru time has been TRUST. How do u settle a trade with a party that u do not trust ? When u look back thru Time/History, GOLD/Silver has provided the answer.

The value of Gold is not imposed by any one entity. The Value of Gold has developed naturally thru Millenia of human interaction. That Says a lot to me & I think it's too Significant to ignore.

Other Eras & Culture have had varying relationships between Gold/Silver & Fiat Currency. The Fiat Systems come & go throughout history & no doubt into the future, but when needed Gold/Silver is always there for the transition when Trust is broken & trade is still required ( eg, the USA is still buying Nuclear Fuel from Russia )

Whether that trade is between individuals/business/company/industry/states/nations Gold/Silver is generally the fall back until a new System is devised/implemented that places Gold/Silver into the background again :- for a while.

I hope that I NEVER have a need to use my PM Stack, because that would mean trust has been broken & there is turmoil about. If that does occur, I have my PM Stack to help me & my family, to hopefully, make it thru that period of turmoil.

I'm 63 yrs & in AUS, so have seen some turmoil, but thankfully not war or Significant enough turmoil that has broken the current system. I keep a thought in mind though. I would think that after WWI finished that the people of Europe especially & the rest of the world believed that they would NEVER suffer another World War. Yet just 2 decades later, WWII.

So my PM Stack is my fall back for when " it's NEVER going to Happen " does HAPPEN ( if that makes sense )