flower-shilling

Silver Price Watch

Smithys Bullion - FINE GOLD AND SILVER
STKR said:
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.
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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 :unsure:

:cool:
 
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.
 
gold:silver
ratio seems to be by 20 years cycle
from 32 to 126
in 2011 to 2022
to next low possibly in 2031
 
STKR said:
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.
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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 ) :unsure:

:cool:
 
SKULL said:
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 ) :unsure:

:cool:
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Nice summary and I agree with your points. I will add that looking back throughout history it would appear Silver was the most common form of money. Silver was the most traded and was the money of the people - "the money of gentlemen".

The U.S. dollar was originally defined as being 371 grains of silver. The British pound was once defined by being a pound of silver (or 240 silver pennies). It's no surprise to me why it's so important to suppress the price of silver over the years. IMO Silver is the Crux of the fiat monetary experiment - the Achilles heel of the system. The more attention that is brought to silver, the more people would acquire it, the less faith in the system and less control over the masses.

I'll leave you with this thought: Central bank's hold more Gold than the people... But the people hold more silver than central banks. Their control over Gold is far greater than their control will be over silver in the coming years. A 50:1 ratio may seem like a good trade but I think time will dictate otherwise.
 
STKR said:
Nice summary and I agree with your points. I will add that looking back throughout history it would appear Silver was the most common form of money. Silver was the most traded and was the money of the people - "the money of gentlemen".

The U.S. dollar was originally defined as being 371 grains of silver. The British pound was once defined by being a pound of silver (or 240 silver pennies). It's no surprise to me why it's so important to suppress the price of silver over the years. IMO Silver is the Crux of the fiat monetary experiment - the Achilles heel of the system. The more attention that is brought to silver, the more people would acquire it, the less faith in the system and less control over the masses.

I'll leave you with this thought: Central bank's hold more Gold than the people... But the people hold more silver than central banks. Their control over Gold is far greater than their control will be over silver in the coming years. A 50:1 ratio may seem like a good trade but I think time will dictate otherwise.
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I totally agree with u that SILVER has been the " Peoples Money ". ;)

I had more emphasis on Gold because of a more useful money when u are trading in amounts to Thousands-Millions-Billions of $$$

Silver has 1 Significant drawback. Weight per unit price. At the current 85:1 ratio, to move even a few 1,000's of Dollars $ quickly becomes a logistical issue 😞

Eg, when the ratio was 105:1, I took 3 oz of Gold to a dealer to exchange for Silver. The 3 oz of Gold fitted easily into the small key/change pocket of my jeans as I rode my Harley. The 300 oz of Silver I got in exchange weighted nearly 10 Kg. I had it in a backpack on the way home & I was very glad to drop that weight of my back when I got home.

I can easily fit $60,000 of Gold into a pocket & walk around. No-one would even notice 😲. Now at 63 yrs, I don't think I could even lift & move with $60,000 of Silver ( close to 30 Kg ) 😞

But I do agree that Silver will shine on a day to day basis :cool:
 
SKULL said:
Silver has 1 Significant drawback. Weight per unit price. At the current 85:1 ratio, to move even a few 1,000's of Dollars $ quickly becomes a logistical issue 😞
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💯 Hopefully we'll get to a time where $1000's of dollars of silver is easily carried in our pockets 😄

SKULL said:
as I rode my Harley
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I must know what Harley you have?
 
STKR said:
💯 Hopefully we'll get to a time where $1000's of dollars of silver is easily carried in our pockets 😄


I must know what Harley you have?
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I ride a 2014 Sportster - Super Low ( it's low at just 100 mm of ground clearance )Harley 1.jpg
It's an 883 cc only about 350 Kg so very easy to ride the twists & turns on " The Great Ocean Road " about 30 minutes away from where I live. I been riding since 10 yrs & brought my 1s't bike at 13 yrs. Been riding ever since :cool:

EDIT :- Notice the single seat ! no fucking Passengers :ROFLMAO:
 
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