Which way? A Gold Timing exercise

[Ed48]

Silver will follow if the Gold bull market resumes. Typically, in a roaring gold bull market, silver appreciates more with the GSR falling. If I recall correctly, at the ATH in 1980, it had fallen to 16:1.

$1900 is a step in the right direction but I'd want to see $2100 before having any confidence that the bull could be back on track.

 

[SunTrader]

Silver will follow if the Gold bull market resumes. Typically, in a roaring gold bull market, silver appreciates more with the GSR falling. If I recall correctly, at the ATH in 1980, it had fallen to 16:1.

$1900 is a step in the right direction but I'd want to see $2100 before having any confidence that the bull could be back on track.

Don't you mean other way around, Gold will follow Silver.

Like today so far SI is up +0.99% and GC +0.24%

Where's the flight to safety?

 

[Ed48]

Don't you mean other way around, Gold will follow Silver.

No, what I meant is Gold is the driving force. For Silver to go up, you need a Gold bull market. Sure Silver will go up more percentage-wise because it's a tiny market and it acts like a leveraged play on Gold.

 

[SunTrader]

No, what I meant is Gold is the driving force. For Silver to go up, you need a Gold bull market. Sure Silver will go up more percentage-wise because it's a tiny market and it acts like a leveraged play on Gold.

No. IMO Silver will go up with demand and inflationary rise of commodities overall.

Gold is a nice speculative trinket. That is all.

And nowadays they have comp from cryptos in that regard and why they are not getting the love like they used to in times like these.

 

[Ed48]

No. IMO Silver will go up with demand and inflationary rise of commodities overall.

Gold is a nice speculative trinket. That is all.

And nowadays they have comp from cryptos in that regard and why they are not getting the love like they used to in times like these.

I guess that's why trillions of dollars of the stuff is held by Central Banks all around the world. Although I guess they'll be swapping it for crypto any day soon.

Pull up a very long term chart of Gold vs Silver and you might change your mind. Trust me, you do not want to own Silver other than in a Gold bull market.

 

[SunTrader]

I guess that's why trillions of dollars of the stuff is held by Central Banks all around the world. Although I guess they'll be swapping it for crypto any day soon.

Pull up a very long term chart of Gold vs Silver and you might change your mind. Trust me, you do not want to own Silver other than in a Gold bull market.

Yes Central banksters and Gold Buggers own it. Not many others care.

I certainly don't want to own either. But especially Gold, that has a bull market about every generation or so. Time value of money and all that.

 

[Ed48]

I certainly don't want to own either. But especially Gold, that has a bull market about every generation or so. Time value of money and all that.

Yep, gold is a poor investment compared to the stock market. Silver is much worse though. Who'd want to invest in something with a chart like this!

https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart

 

[themickey]

Yep, gold is a poor investment compared to the stock market. Silver is much worse though. Who'd want to invest in something with a chart like this!

https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart

Yep, when you consider all the constant hype and hooplah which accompanies precious metals, it dawns on you finally, it's pure cultist propoganda, 100% bullshit.
I have lack of words to describe the con.

"Hey guys (mugs), thats sandstone"

 

[Ed48]

Yep, when you consider all the constant hype and hooplah which accompanies precious metals, it dawns on you finally, it's pure cultist propoganda, 100% bullshit.
I have lack of words to describe the con.

It's not bad as a portfolio diversifier but as a long-term investment, in its own right, it's crap compared to the stock market. There are times when it performs very well but, as SunTrader said, those periods are few and far between.

I have just bought my wife a 50g gold bar for her birthday but that's just because, after watching countless series of Gold Rush, Aussie Gold Hunters, Gold Divers, Yukon Gold etc on Discovery, she's always fancied having a lump of gold in the palm of her hand.

https://www.bairdmint.com/products/50g-gold-cast-bar

 

[SunTrader]

Yep, gold is a poor investment compared to the stock market. Silver is much worse though. Who'd want to invest in something with a chart like this!

https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart

Terrible investment, either. Although I don't know anyone personally who lived to 100. A grandad made 97.

But great to trade.

I do the latter.