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Absolutely. Everyone's targets are different and many like a good diversification into gold and other metals. Myself, because silver is so undervalued, I prefer to stack 95% silver and 5% Gold. I'll do a trade of silver to gold when the ratio drops significantly.
I think it's Mike Maloney's mantra: "If you like Gold, buy Silver!"
I agree. But it gives us the opportunity to acquire tangible assets with no counter-party risk before the frenzy begins. There will be a time in the future where metals at ANY price is better than the useless fiat we once used to buy it with. It's like the whole world has entered into the early stages of hyperinflation simultaneously.
I did just that. GSR was out to 105:1 So I swapped 3oz of Gold for 300oz of silver.
When the GSR drops back to under 50:1 ( a Silver spike will do it
) I will swap back 150oz of Silver to get back the 3oz of Gold.I will have my Gold back + 150 oz of Silver that will have increased in Value also
Just my take on the GSR
EDIT :- to adjust 3oz of gold for 300oz of Silver
Personally, I think 50:1 is still way off what it will revert to. For so long only a small fraction of the population even knows about silver. Rapid price rises like this get people talking about it and it gets mainstream attention.I did just that. GSR was out to 105:1 So I swapped 30oz of Gold for 300oz of silver.
When the GSR drops back to under 50:1 ( a Silver spike will do it
I will have my Gold back + 150 oz of Silver that will have increased in Value also
Just my take on the GSR
A great example of this is the 2008 bull run. Prior to 2008, the coin and bar demand was like 30-50 Million Oz's a year. After 2008, we saw it climb to 250 million Oz's and that remained rather steady, averaging 200 Mozs per year. That was a 5-8x increase in investment grade Bullion. Imagine if that happens again. Annual mine supply is around 850 million Oz's and Industry consumes 70% of it. I cannot emphasise enough that when the world scrambles to obtain silver and there isn't enough to go around, a sub 10:1 ratio is highly probable.
I agree 100% I was just using 50:1 as my starting point.
If the GSR looks like it's heading to near a single digit Ratio, I will be hanging on for it to happen.
But u will need to be ready for action. A single digit GSR might only happen for a few days ( a parabolic price spike ) before price takes a correction & the GSR moves back higher.
With a structural deficit in Silver supply of 7 yrs ( they say 5 yrs, but the 1'st 2 yrs were covered by ETF outflows ) & those deficits are already baked into the future as there is no known BIG supply sitting in the ground ATM.
New Silver discoveries take a decade + before that supply hit the markets. I have not seen anywhere that there is any major Silver discovery that is waiting for permitting.
70% of Silver mining supply is as a byproduct of other mining. Large scale Silver only mining is not the Norm. So I see supply deficits & higher prices as there are industries that MUST have Silver for the production to continue. The best Solar Panels use a Silver Oxide paste in there construction.
As a note :- I have heard that a Tomahawk Missile contains around 15kg of Silver. Mmm, I was a bit skeptical of that figure until I read that it's mainly the Battery in the Missile that is the Silver. Silver Oxide Batteries are the #1 for long term storage/shelf life. So if ur nor firing ur Missiles often ( that does seem increasing ATM ) the Batteries need to hold charge for extended periods of time. 20 to 25 year shelf life was mentioned in the article. I gave it some thought. Doesn't seem that unreasonable. EV don't use Silver Oxide because of expense & Lithium Oxide Batteries are cheaper & suit the purpose for them.
I just see more upside for Silver & Gold given the state of play in the World ATM.
100% mate.
I hope to never have to sell any of my Stack of Gold/Silver.
It's there for emergency/SHTF moment, but I hope to just pass it on to my son when my time is done.
Given current situations around the world a SHTF moment is quite a possibility. There is a quite Famous quote for Gerald Celente " When all else fails, they take u to war " The failing EU sure seem to be looking for a fight with Russia.
The big 1 to me is the USA DEBT. It's out of control & totally unsustainable, yet they seem to be doing nothing about it. The USA's DEBT is the fastest growing line item in the USA Federal Budget, yet Trumps " BB Bill " is even more DEBT Spending. Insanity. Maybe they really are going to crash the $ Dollar & are hoping a " Reset " will fix their DEBT Problems.
If the SHTF moment does happen, hopefully a Silver/Gold Stack will help us get thru to the other side of what ever happens.
Aja just realise there are many places to get it, including here! (Not so much lately but ive got my best deals here). Online you have:
Swan Bullion, Bullionstore, Jaggards, Bullion Now, Ainsleys, Guardian Gold, KJC , Bullion Coin, Galaxy, and so so many more. Many of these have very welcoming store fronts. Whether its the alure of an electrum ring or a platinum coin having tangible relatively maintenance free assets is wise. Its also been illegal for much of history so err yeah....lets hope the price doesnt get too high eh...
Swan Bullion, Bullionstore, Jaggards, Bullion Now, Ainsleys, Guardian Gold, KJC , Bullion Coin, Galaxy, and so so many more. Many of these have very welcoming store fronts. Whether its the alure of an electrum ring or a platinum coin having tangible relatively maintenance free assets is wise. Its also been illegal for much of history so err yeah....lets hope the price doesnt get too high eh...
The US debt is ridiculous, not sustainable at all, but you are right about them trying to reset everything.
Keep cutting rates, less interest for them to pay on the debt, system collapses like it’s designed to (again and again) commodities get revalued at whatever figure they decide on, and then the debt seems tangible to deal with.
I’m sure that’s why countries are scrambling to get their gold stockpiles in order.
Just my thoughts.
