What's going on with silver?

Discussion of the Gold portion of the Permanent Portfolio

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Smith1776
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Re: What's going on with silver?

Post by Smith1776 » Thu Aug 06, 2020 7:24 pm

My big concern with the metals run up is that this could be the aftermath of the 2008/2009 banking crisis all over again.

It seems to me that the last time there was this kind price action it was due to a fear of inflation stemming from all the QE and stimulus. When consumer price levels didn't surge as some expected metals became less appealing and prices tanked. We'll see what happens this time...
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Re: What's going on with silver?

Post by drumminj » Thu Aug 06, 2020 7:40 pm

Smith1776 wrote:
Thu Aug 06, 2020 7:24 pm
My big concern with the metals run up is that this could be the aftermath of the 2008/2009 banking crisis all over again.

It seems to me that the last time there was this kind price action it was due to a fear of inflation stemming from all the QE and stimulus. When consumer price levels didn't surge as some expected metals became less appealing and prices tanked. We'll see what happens this time...
Great. I would love the chance to sell my silver at $55/oz again! :)
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Re: What's going on with silver?

Post by Ad Orientem » Thu Aug 06, 2020 7:57 pm

Smith1776 wrote:
Thu Aug 06, 2020 7:24 pm
My big concern with the metals run up is that this could be the aftermath of the 2008/2009 banking crisis all over again.

It seems to me that the last time there was this kind price action it was due to a fear of inflation stemming from all the QE and stimulus. When consumer price levels didn't surge as some expected metals became less appealing and prices tanked. We'll see what happens this time...

I agree. I can understand PMs moving up a bit given monetary policy and where the economy is. But inflation is currently negligible. Silver is also an industrial metal and is used in a lot of techy stuff. But this is getting crazy. I would not be surprised to see a moderate correction in the near future.
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Re: What's going on with silver?

Post by Ad Orientem » Tue Aug 11, 2020 4:39 pm

Image


Silver meets the ugly stick.
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Re: What's going on with silver?

Post by dualstow » Mon Aug 31, 2020 12:09 pm

What’s going on with silver? A lot.
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Re: What's going on with silver?

Post by dualstow » Mon Feb 01, 2021 8:10 am

maybe Ad O isn’t here, but he must be watching what reddit is doing to silver today.
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Re: What's going on with silver?

Post by Cortopassi » Mon Feb 01, 2021 8:10 am

I am not complaining!
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Re: What's going on with silver?

Post by I Shrugged » Mon Feb 01, 2021 8:45 am

I have always felt that I don't want to see hot money come into the PM market. For long term holders, I think it's more likely to be a bad thing. I don't want gold to fluctuate like Bitcoin, for example. Steady as she goes.
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Re: What's going on with silver?

Post by dualstow » Mon Feb 01, 2021 9:06 am

I Shrugged wrote:
Mon Feb 01, 2021 8:45 am
I have always felt that I don't want to see hot money come into the PM market. For long term holders, I think it's more likely to be a bad thing. I don't want gold to fluctuate like Bitcoin, for example. Steady as she goes.
Same. (Of course, gold does fluctuate like crazy, but as long as there’s an upward trend).
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Re: What's going on with silver?

Post by whatchamacallit » Thu Feb 25, 2021 7:41 pm

Silver holding its ground better than gold and stocks today.

Everything from bonds, stocks, bitcoin and gold getting sold to cover silver shorts?

Edit:
Yeah nevermind. Silver dropping quicker than anything now.
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Re: What's going on with silver?

Post by Smith1776 » Thu May 27, 2021 3:55 pm

Silver, at least in Canadian Dollars, has gone up by about 50% in the past year. I've sold half my silver position to lock in some gains. I've since reallocated that gain into gold, since that particular metal hasn't been as generous in the past 12 months.

For some reason one of my local dealers won't take Silver Kruggerands, but all the others will. Strange.
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Re: What's going on with silver?

Post by dualstow » Tue Jan 18, 2022 6:50 am

I don’t know if it’s a glitch or what, but ‘Empire of Silver’ by Jin Xu is under US$3 at amazon right now. Not just the kindle, but even the hardcover.
https://smile.amazon.com/Empire-Silver- ... 300250045/
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Re: What's going on with silver?

Post by vnatale » Tue Jan 18, 2022 2:46 pm

dualstow wrote:
Tue Jan 18, 2022 6:50 am

I don’t know if it’s a glitch or what, but ‘Empire of Silver’ by Jin Xu is under US$3 at amazon right now. Not just the kindle, but even the hardcover.
https://smile.amazon.com/Empire-Silver- ... 300250045/


Probably part of some strategy. I get a daily email of many books that are FREE on Amazon but that day only. That email usually arrives later in the evening. If I don't get to that email until the next day many of those books are no longer free.

Thanks for bringing this to our attention. Both the Kindle and Hardcover versions were the same price. I had to think which one to purchases. But after spending HUGE amounts of time the last three months (with much time still needed) on handling and moving around paper-based books in my house .... I ended up purchasing the Kindle version.
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Re: What's going on with silver?

Post by ppnewbie » Mon Jan 24, 2022 10:47 pm

dualstow wrote:
Tue Jan 18, 2022 6:50 am
I don’t know if it’s a glitch or what, but ‘Empire of Silver’ by Jin Xu is under US$3 at amazon right now. Not just the kindle, but even the hardcover.
https://smile.amazon.com/Empire-Silver- ... 300250045/
Thanks! just purchased the book. I am also reading “This Time is Different” by Ken Rogoff and Carmen Reinhardt. It’s a 800 year history of financial collapses around the world.
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Re: What's going on with silver?

Post by dualstow » Tue Jan 25, 2022 7:52 am

ppnewbie wrote:
Mon Jan 24, 2022 10:47 pm

I am also reading “This Time is Different” by Ken Rogoff and Carmen Reinhardt.
Oh that sounds good, too! We’ll have to get Kriegs to post a list of what he’s reading in the appropriate thread. He seems to be a voracious reader.
I’m mostly reading other stuff, but I’m enjoying chapter one of the silver book, including all the Chinese vocabulary, taels and other non-coin silver weights (metage).
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Re: What's going on with silver?

Post by Kriegsspiel » Tue Jan 25, 2022 8:58 am

I thought This Time Is Different was really tough to get through when I read it many years ago. IIRC, there was an article I came across afterwards that claimed there was an error that they made to arrive at their conclusions in the book. I think it was a spreadsheet error.

Yes, 10 seconds of internet confirms that there are many articles discussing it. I didn't dig into it that deeply.
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Re: What's going on with silver?

Post by Pet Hog » Wed Jul 06, 2022 2:14 am

Gold-to-silver ratio in the 90s again, first time in two years. About 92:1 right now. I think I'll swap some gold for silver if it cracks 100.

https://www.bullionbypost.co.uk/price-r ... ver/3year/
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Re: What's going on with silver?

Post by Pet Hog » Mon Aug 29, 2022 10:37 am

Gold-to-silver ratio at around 93:1 today. 94:1 if you use the numbers from yahoo (currently $1750.10/$18.58). After my previous post it hovered around this level for a couple of weeks before dropping to 87-ish. Would have been about a 6% gain. Still, I'm waiting for 100:1. If we're going to have recession/depression, then I suspect industrial silver will be low in demand for a while and the ratio will get higher.

I note that belangp posted a video regarding the amounts of gold and silver in storage as monetary metals. The trend in silver is down, prompting him to surmise that the new-normal trading range of the gold-to-silver ratio might rise, with 75:1 possibly becoming the new low. For three decades the range had been 50-75. So, new range (my conclusion) of 75-110 going forward?
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Re: What's going on with silver?

Post by whatchamacallit » Tue Oct 04, 2022 10:40 am

If I am reading this right, SLV is up 15% in 5 days.

Crazy volatile.
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Re: What's going on with silver?

Post by Pet Hog » Fri Oct 07, 2022 10:24 pm

Pet Hog wrote:
Wed Jul 06, 2022 2:14 am
I think I'll swap some gold for silver if it cracks 100.
Pet Hog wrote:
Mon Aug 29, 2022 10:37 am
Still, I'm waiting for 100:1.
I wish I had acted on gold and silver when I made those two posts. They both signaled the top. Next time I post that I'm waiting for 100:1, slap me down!
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