explod
explod
- Joined
- 4 March 2007
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Silver to Gold Ratio
http://www.rapidtrends.com/silver-to-gold-ratio/
Not the exact same article ... but proves that I didn't make it up!!
And you can still disbelieve if you want to!
Your call,
your silver,
your veggie patch!
At no time have I accused you of making things up. I was merely looking for some qualification/reasoning (and mine are often very thin on the ground too) to back up your assertions.
Your reference just posted speaks of the historical ratio of gold to silver being about 16 to one and he rightly points out that it got out of whack due to government manipulation. Government manipulation is now becoming ineffective due to the huge monetarisation of debt, so a return to the historical mean is probably very much on the cards. Your article says we could see10 to 1. And of course by that time the taxi drivers will be telling you to get in so we may even get to a 4 to 1 situation. Sentiment is an amazing thing but we do not know any of this in reality yet, so in the meantimne on the basis of what I can glean I am holding silver as No. 1.
I also contend that we are nowhere yet at the stage of a bull market in prescious metals. Your posted article does assert that and I think he is calling it too early, though there is no date I suspect it was written some time ago. However the market forces themselves will show the way and like sheep we will follow.
We are way off track in this thread, this argument should be on the silver one.
On silver stocks, as Uncle Festivus posted this morning (On collapse of US currencies I think), physical metal maybe the wisest at this time as:
all commodity stocks seem depressed;
paper money may not only prove nearly worethless but dissappear for a time;
in a crash everything seems to get slaughtered which includes silver stocks;
and safe silver plays are not plentiful at this time and a bit on the specky side for most.
All just my humble opinion which may well be (and often is) rubbish to some.