Silver $$ time to stack?

[TimZim]

Wow silver is stuck. Do you think we hit the bottom I do!! I have been watching utube about silver and gold. Am going to pick up as much as I can now. If half of what they say happens silver and gold will go crazy!! They say silver is the way to go! I would like to know what you guys think.

 

[George Baldwin]

5. GSR gold-to-silver ratio. per Wikipedia GSR in roman times was 12.5 to 1, in 1792 the US set at 15:1 and I believe it was the coin act of 1852 the us again set a GSR of 16:1. This number was set on the belief that gold is 16 times more precious than silver so obviously should be 16 times more valuable. With $1600 gold historically silver should be $100

I read on the WSJ that given consumer prices, gold should be around $800. That means that the price of gold has been inflated simply because of speculation. Now that there is increasing confidence in the stock market, many big time speculators are returning to the stock market and moving away from commodities. So I wouldn't say that this GSR is a good reason to think that silver price will go up.

 

[SilverForBrains]

I read on the WSJ that given consumer prices, gold should be around $800. That means that the price of gold has been inflated simply because of speculation. Now that there is increasing confidence in the stock market, many big time speculators are returning to the stock market and moving away from commodities. So I wouldn't say that this GSR is a good reason to think that silver price will go up.

Exactly, thanks for bringing this up. We only hear about silver going up to correct the ratio, never about the possibility of gold going down to do so.

 

[TimZim]

I hope the price goes down! I just ordered a monster box from gainsville coin for $12.805.00 with shipping am going to split this one with my son in laws brother.

 

[Joe777Cool]

I hope the price goes down! I just ordered a monster box from gainsville coin for $12.805.00 with shipping am going to split this one with my son in laws brother.

You can split it with me!

 

[silverdollarbill]

The price will be driven as low as TPTB think it needs be.

In my opinion, this is the most relevant quote in this thread.