Gold chart looking bullish; Pd to lead new PM surge?

[Jewboo]

Gold:Silver ratio chart - around 83:1... If I were a betting man that'd be my bet here! & Yes, in the futures/options-on-futures market U can "bet the spread" between 2 diff commods.

The old 35-to-1 ratio depended on the US Mint making our coins out of real silver. That huge silver demand no longer exists...

[PatColo]

The old 35-to-1 ratio depended on the US Mint making our coins out of real silver. That huge silver demand no longer exists...

purports to show Au:Ag since 1915,
Gold to Silver Ratio - 100 Year Historical Chart

^ so it looks to have been >80 three times, all three times also exceeding 90, including this most recent past ~1y when it was mostly >80 with the late June/early July stab >91... recall Au made that 5 year high breakout June 19th, & it was a couple weeks b4 Ag woke up & sprang higher like a jack rabbit passing the Au turtle... bringing ratio back < 90. 1y: https://imgur.com/a/eyA6pZ9


& this 2012 article shows 324 years; wherein they note:

"If the ratio were to return to the pre-1900 average of 16.13, the silver price would have to rise to about $105/oz."

324 Years Of The Gold-To-Silver Ratio And $195 Silver

[Neuro]

The old 35-to-1 ratio depended on the US Mint making our coins out of real silver. That huge silver demand no longer exists...

I guess today you have demand for silver from electronics, but probably that won’t outweigh the minted coin. An iPhone has what an old dimes worth of silver? As always silvers greatest hope is high inflation. QE INFINITY will see to it...

[monty]

The old 35-to-1 ratio depended on the US Mint making our coins out of real silver. That huge silver demand no longer exists...

The silver/gold ratio while the Mint was producing both gold and silver coins was 20:1. 1932 was 20:1 1934 35:1 after Roosevelt confiscated America's money he revalued gold at $35 and made it illegal for citizens to possess.

[PatColo]

The silver/gold ratio while the Mint was producing both gold and silver coins was 20:1. 1932 was 20:1 1934 35:1 after Roosevelt confiscated America's money he revalued gold at $35 and made it illegal for citizens to possess.

^ not according to this chart purporting to plot the ratio since 1915, which puts the ratio 40 - 90 throughout the 1930s.

Gold to Silver Ratio - 100 Year Historical Chart

Notice u can mouseover the chart & it tells what month/year you're on at the bottom, & ratio #.

also, avg ratio between 1915 & 1965 appears to me would be around 40 somewhere, just eyeballing it & guessing.

[monty]

^ not according to this chart purporting to plot the ratio since 1915, which puts the ratio 40 - 90 throughout the 1930s.

Gold to Silver Ratio - 100 Year Historical Chart

Notice u can mouseover the chart & it tells what month/year you're on at the bottom, & ratio #.

also, avg ratio between 1915 & 1965 appears to me would be around 40 somewhere, just eyeballing it & guessing.

You are quoting the London Market,

From 1791 to 1932 New York Gold was $19.39 - $20.67

The CHART I got prices from was the official US pricing

https://www.measuringworth.com/datasets/gold/result.php


Edit:
Just to clarify, Book was referring to the US Mint and its gold - silver ratio and Roosevelt's $35 gold. That to me indicated he was referring to the US Official price which was about 20:1 for over 100 years

[Cebu_4_2]

You are quoting the London Market,

From 1791 to 1932 New York Gold was $19.39 - $20.67

The CHART I got prices from was the official US pricing

https://www.measuringworth.com/datasets/gold/result.php

I don't get it, 2018 US official price is $42.22

[monty]

I don't get it, 2018 US official price is $42.22

Yes, I think think Congress fixed the official price around the time of the Bretton Woods agreement.

I can't find any info doing a search, but when Nixon made it legal for citizens to buy and sell gold they could trade on the spot market price

[Neuro]

I don't get it, 2018 US official price is $42.22

Yes they adjust the size of the ounce, unofficially, so that it always will have this price. They store mostly toilet paper in Fort Knox these days, if the shit hit the fan.

[monty]

Yes they adjust the size of the ounce, unofficially, so that it always will have this price. They store mostly toilet paper in Fort Knox these days, if the shit hit the fan.

http://www.munknee.com/beware-offici...-only-42-22oz/