Check out the price of gold/silver on the US debt clock

[old steel]

http://www.usdebtclock.org/sources/transparent2.gif
https://www.youtube.com/watch?v=tn7UIu6GsY4


Gold $9078.00 per ounce

Silver $1004.00 per ounce


http://www.usdebtclock.org/

[madfranks]

I'm not sure if there's ever been a 1:9 gold:silver ratio before, but I would welcome it!!

[madfranks]

Oh, and this thread title (and video title) is very misleading. What's being displayed is not the price of silver, it's the dollar to silver ratio, meaning what silver's value would be IF all the dollars in circulation were backed by silver. Without this "if" it's just a ratio.

[mamboni]

I'll bet JP Morgan watchs that dollar:silver ratio. After all, they are the biggest silver bugs in the world:


https://www.youtube.com/watch?v=I6j3e_SM8TA

[Horn]

franks would refuse to give me $1k for an oz. of silver IF it were the last oz. on Earth.

El Cheapo...

[madfranks]

I'll bet JP Morgan watchs that dollar:silver ratio. After all, they are the biggest silver bugs in the world:


Yes, but what are the chances of the dollar ever being pegged to silver again? I don't think it'll ever happen.

[mamboni]

Yes, but what are the chances of the dollar ever being pegged to silver again? I don't think it'll ever happen.The market will assign a dollar price to silver. Governments will adopt a gold linked currency.

[Neuro]

Yes, but what are the chances of the dollar ever being pegged to silver again? I don't think it'll ever happen.
I am with you! I have been a silver bug the last ten years. I was lured in with promises of it going up tenfold, hundredfold very shortly, it didn't even double. I am not complaining. I had an average buy in price of around $12 for 200 t.oz later sold at 2008 for $19, then bought 600 t. Oz for an average of $12 sold at an average of $40 in 2011, and then I bought back 600 t.oz at $27. So even though I have almost lost half on my last purchase I am still up massively over the decade on silver, but I don't have a feeling any longer that it will be a very good investment in my lifetime. I'll probably sell it off when it reaches $50 again or $80.

[old steel]

You do realize how small the above ground stocks of silver are?

There are 5 ounces of gold to every ounce of silver above ground.

[madfranks]

The market will assign a dollar price to silver.

Agreed, but (barring any major catastrophes) the market price will not be the dollar:silver ratio, or anywhere near $1000.


Governments will adopt a gold linked currency.

I disagree; I think the next step, after the next major recession/depression, when the federal reserve is found to be all out of ammo (can't drop rates any more), the world bank will bail out the fed, likely through SDRs. At this point the dollar will stop being the world reserve currency, the SDR will be the world reserve currency, and the dollar will just be a local currency for the USA. The SDR will not be linked to gold or any other tangible commodity; it will be pure fiat.

[madfranks]

You do realize how small the above ground stocks of silver are?

There are 5 ounces of gold to every ounce of silver above ground.I've heard those rumors, but I honestly doubt that this is in fact the case. If what you say is true, surely the market would be reflecting this! How can silver be so cheap if it's 5x more rare than gold?

[Neuro]

I've heard those rumors, but I honestly doubt that this is in fact the case. If what you say is true, surely the market would be reflecting this! How can silver be so cheap if it's 5x more rare than gold?

I doubt this too. There is billions of oz's of silver available above ground, perhaps not directly available in exchange warehouses (it may very well have a 1:5 ratio vs gold) in bullion bars, but much of it will come in play when silver is above $50/oz

[Horn]

I dont doubt it, silver is caught up in junked items across trash dumps the world over.

it is a manufacturers byproduct of copper in most cases and eaten accordingly. dips in overall manufacturing could reveal the overall deficit, if the market weren't rigged.

still it will catch up to the old ratio in all eventuality, within my lifetime i think.

I am banking on living until I am 300 years old which is typical for any vampire. :)

[Neuro]

I dont doubt it, silver is caught up in junked items across trash dumps the world over.

it is a manufacturers byproduct of copper in most cases and eaten accordingly. dips in overall manufacturing could reveal the overall deficit, if the market weren't rigged.

still it will catch up to the old ratio in all eventuality, within my lifetime i think.

I am banking on living until I am 300 years old which is typical for any vampire. :)

Vampires aren't living they are undead.

Merry Christmas, may you "live" another year without a wooden pole penetrating your black heart. But 250-300 years is a probable timeframe for the classical gold-silver ratio returning.

[old steel]

I've heard those rumors, but I honestly doubt that this is in fact the case. If what you say is true, surely the market would be reflecting this! How can silver be so cheap if it's 5x more rare than gold?

We have burned through an unimaginable amount of silver that is lost forever.

Photography, electronics etc.

[Horn]

Vampires aren't living they are undead.

Merry Christmas, may you "live" another year without a wooden pole penetrating your black heart. But 250-300 years is a probable timeframe for the classical gold-silver ratio returning.

You've been made in the image of your creator the Federal Reserve.

Happy New Year