Au:Ag ratio ~96; all time high AFAIK!
https://goldprice.org/ hosed up today, scroll to the live candlestick chart, click GOLDSILVERRATIO in right pane
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Au:Ag ratio ~96; all time high AFAIK!
https://goldprice.org/ hosed up today, scroll to the live candlestick chart, click GOLDSILVERRATIO in right pane
Gold @ 7 yr high and Wilver is down.
Soon at 100:1 ratio LOLQuote:
Originally Posted by osoab
Silver investors have been waiting 550 years to turn a profit... https://www.choosingsilver.com/image...-of-silver.gif
How much lower will she go?
A message from JM Bullion . . . .
A Message From JM Bullion. We wanted to provide our customers with important updates about our company, including a new temporary $299 minimum order, as well as the overall state of the industry.
Over the last few weeks, we have seen record order volume, with yesterday being our largest sales day of all time. We are on pace for another record day today. As a business, we are doing everything we can to keep up, but with a 2-3x increase in order volume, we are unable to answer our phones and ship orders as quickly as usual. Additionally, orders are taking longer to ship, and phone wait times are longer than normal. You can expect temporary shipping delays of 5-10+ business days while we scale up our operations to satisfy this unprecedented level of demand.
Please note this does not impact your orders in any other way. All orders are locked in upon placement, and as always, customers can place orders online 24/7 as well as see their latest status updates in the My Account area of our website. For order status updates, we ask that you first check the website to keep our phone queues as reasonable as possible.
The increase in demand is also beginning to strain supply chains, with the US Mint announcing yesterday that American Silver Eagles have temporarily sold out. We expect to see ripple effects at other suppliers and mints in the coming weeks. As always, everything listed as “in stock” on our website is inventory under our control and ready to ship. For items listed as “presale,” we have firm orders placed and shipments incoming.
What are we doing about it?
On Monday, we’re adding new hires to significantly expand our customer service and sales teams, as well as adding a 2nd shift at our distribution center. All company divisions have authorized overtime for the past two weeks and will continue to do so moving forward, including weekends as needed.
That being said, we simply cannot ship the orders as fast as we'd like, and have decided to make a temporary change to our order policies. Effective today, we are implementing a $299 minimum order threshold. All orders above the $299 threshold will continue to ship free.
Please understand we did not take this decision lightly, but felt this was a better alternative to more aggressive approaches such as significantly raising product premiums, or even to stop accepting orders altogether.
We understand the importance of customers being able to lock in pricing during highly volatile times, and will do everything we can to continue providing the highest level of customer satisfaction. We want to stress this is a temporary measure and will only last until our shipping times normalize.
Lastly, we’re closely monitoring the impact of the Coronavirus and taking steps to prepare our business and protect our employees, should the spread worsen. All critical business systems are cloud-based, allowing employees to work from home and avoid widespread service disruptions in a worst-case scenario.
As always, we thank you for your business, and greatly appreciate your patience during this time.
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Wilver heading to 13
Into the 11 handle now.
Sell! Sell! Sell!
^ that was posted 3/9, how's a ~121 ratio strike ur fancy??Quote:
Originally Posted by Neuro
https://www.tradingview.com/x/Z3R4dIgZ/
How low will she go?
Low enough that dealers won't sell you any.Quote:
Originally Posted by monty
A good time to buy some mining stocks? I am sitting on cash and I'd rather be sitting on something tangible. I know paper isn't tangible but miner stocks may be a way to diversify.Quote:
Originally Posted by EE_
I don't know a damn thing about investing but I need to learn. What are you folks doing? I don't want to pay the premiums for physical but maybe it is the only way to go.
I don't know anything about the mining stocks either. I remember Bob Chapman used to recommend them.
I've just been getting the metals to hold.
I've been hanging out in Greg Mannarino's chatroom to see if I can learn anything... I'd like to learn more about mining stocks, but don't even know where else to go.
My elderly parents are also sitting on lots of cash and need to move it, but don't know what to do.
And I have heard that we are not supposed to keep much cash in the bank...trying to stay calm but feel a bit panicky b/c trying to also help my parents. I'm worried all of this (the economic collapse) is going to give her a stroke.
---
Comments from Mannirino's chat
-I'm impressed with Barrick gold it's the only miner that's still standing
-Barrick is a good stock, it had a good PE ratio before the crash... it was 8.9 now its 7.2
So...
Is the price of wilver stuck?
Yes, apart from vs gold ratio it’s going down.Quote:
Originally Posted by osoab
Over $16.
I will yawn through 25 frnsQuote:
Originally Posted by woodman
Wuhaa!Quote:
Originally Posted by woodman
What any gains into cash would be able to be spent into at this point for me, is an unknown.
Was that gold coin spent to buy hotel in Germany post WWII a bombed out shell?
Should I buy a beach that government will only allow people on to it between the hours of 5 and 8am?
Attempting to convert a FRN to ownership can be frustrating when society does not recognize your ownership of yourself.Quote:
Originally Posted by Horn
^SD Bullion is predicting an unprecidented bull market in silver
No offense, but SD Bullion is just selling their book.
Silver has a long way to go in order to reach it's 1980 high. Depending on who's stats you believe, it could be much higher. Looking at official price indexes, it would have to reach about $157. I think the actual amount is a bit higher but what do I know. The story of the Hunt Brothers cornering the market has been blown out of proportion I believe. If you look at the ratio back then, it was in line with the historic ratios of Gold to Silver. Here's to the dog having it's day.--H H--
So far tonight silver high 29.90
I might not get rich on PM's but at least I know exactly where my money is.Quote:
Originally Posted by EE_
Yes indeed. For those of us who favor physical, we can know exactly per oz what we've got.Quote:
Originally Posted by EE_
Let's ride this Bull run up together. Physical metals in hand.
Wilver has been on a tear compared to all of the other PMs.Quote:
Originally Posted by EE_
The ag:au ratio is 71.25:1
Kitco ticker showing silver at $23.37 while all the bullion dealers websites are showing twenty-eight something. "Spot price" itself is pretty insignificant since it de-coupled from sales of physical, but the Kitco ticker is so insignificant there is no longer any reason to have it.
Kitco Ticker — Nov. 10, 2019 also.Quote:
Originally Posted by hoarder
Something has been haywire with the Kitco ticker. It reads from Nov 10, 2019. Even so, not accurate for that date.Quote:
Originally Posted by hoarder
It just magically changed to 17:00 Aug. 7, 2020Quote:
Originally Posted by woodman
Weird! It was at Nov 10, all weekend and suddenly changes while we are discussing it... Noticed it read the same over at the GIM site.Quote:
Originally Posted by monty
Down 13.5% +/- It was bound to happen. Looking at the futures chart, this would be in a better trend line for the rise. Were Robinhooders involved in this last week or so meteoric push?
Silver Crashes Most Since Lehman Bankruptcy
Wow. Looking at small order quantities @ Apmex currently. ASE presale is @ 13 frns over spot. Generic Apmex bars are 7 frns over spot. 300 frn min order too.
That article at zero hedge read like shilling for stronk dollarQuote:
Originally Posted by osoab
I didn't even read the article but the headline alone would make one think the dog was done. Hell, it rocketed up like a volcano for quite awhile; we needed a beat down. "Thank you sir. May I have another?"Quote:
Originally Posted by Neuro
There are too many graphics etc. to copy/past the article here,
Quote:
Sound the alarm, everyone!
You have been warned!
This is a serious warning, so try not to take it for granted.
The overnight repo rate is the best indicator of a monetary system on the verge of collapse.
The last time it went up in March last year, we witnessed a big crash in the stock market.
Unfortunately, it spiked again, and this time it’s much worse.
Here’s the chart:
Texas Montster Box $13904.99 I can't post the images
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https://www.texmetals.com/media/wysi...v3-600x600.jpg
https://www.texmetals.com/media/wysi...v3-600x600.jpg
2021 TEXAS SILVER ROUND
The 2021 Texas Silver Round displays a scene from the famous Battle of the Alamo. It depicts two Texian soldiers including the American icon, Davy Crockett, attempting to fend off Mexican soldiers attempting to breach the walls of the Alamo. The 2021 Texas Silver Round is the second release in a four year "Battles of the Texas Revolution" series by the Texas Mint.
2021 Texas Silver Round Monster Box (SEALED)
SPECIFICATIONS IN STOCK Year: 2021 Condition: Brilliant Uncirculated Weight (Au, Ag, Pt): 500 ozt Minted by: Texas Mint Mintage: N/A Face Value: N/A IRA: Eligible Packaging: Monster Box (Sealed) Coins Per Tube: 25 Purity: .9999 Sell to Us: Spot + $0.75
ACH/Wire Credit Card
QUANTITYACH / WIRECREDIT CARD
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KITCO ticker today 11:37 PST $23.79Quote:
Originally Posted by hoarder