With all the goings on in the Bitcoin and Crypto markets it is certainly having an effect on the Gold And Silver price, they seem to move in the same way, Gold And Silver do not go up much of the time, then when the bankers decide they dump loads of Gold And Silver paper contracts on the market through the Comex, and smash the price.
It looks like there is going to be another smash on the Gold And Silver dragging the price even lower, so I would hold of buying large stacks until we see how far they are going to drag it down. I hope I am wrong but something is looming on the horizon, if it does drop enough get ready to buy big, buy as much as you can if it hits lower prices.
Hi britcoin,
I think you're right (of course i do lol), but seriously, there is very little downside risk left, but there is still some...
Presently we are at about 75:1 silver/gold ratio. When it hits over 80:1 you will know we are closing in on trench warfare lows. And if it hits above 85:1 - 90:1 then it is time to sell everything and ounce up! On the other end of the spectrum (moving forward...) the ratio hit about 34:1 in 2010 when silver was up at almost $50 (Canadian) an ounce.
I absolutley adore silver. But i am interested in playing the ratio long term for a steady, if slow, accumulation of gold. It's just an extra angle to play above and beyond being a collector and/or bullion stacker.
Thanks again for your sweet contest @britcoin -- i am soooo excited to see the Lion! And also, for being a real authority (in uk coins at least) and in sharing your knowledge. Steemsilvergold, and its members, has been a very happy discovery for me, and an increasingly lucrative one :). My next gold purchase will be a 1/2 sovereign. After looking at your pics i can resist no longer lol!
Cheers @britcoin! Stack on, steem on and keep on keeping on!
@thedamus
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theoretically during christmas time the value of the dollar rises and pms go down or they are supposed to. I'm betting cryptos will do the opposite presenting an awesome opportunity to trade. pms are my savings they can manipulate them all they want if they ever don't exist that's when I will need to use them.
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First comment.
I can also see quite a smackdown - a buying opportunity always comes around:)
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Its a coming get ready
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Who knows? I'm almost done following the price, I keep telling myself idc really because I'm more of a collector than stacking for pure investment. The manipulation isn't gonna get me down. Ok I'm lying it's pissing me off haha
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Lets go burn Wall Street Down LOL
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you did well explaining manipulation in this post i didnt get it before, still dont get paper contracts tho?
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Knowing my luck, as soon as I buy something it will go down :p
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i hope it keeps dropping then i wont feel so bad about not buying
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I think silver will walk sideways for a few more time. SOV.
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You never know when's the right time to buy . One minute it's up the next it's down. I don't worry too much about the price, I only buy a couple of silver Ozs at any one time. I buy what I like when I like. Well, as long as I have the cash!!!
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I held off buying any this month.
The silver price took a dollar dive but sprang right back where it was a week later. Not sure now if it will rise more or yo-yo..
Patience is a virtue on silver, I think.
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I am only buying silver right now but silver and gold price tend to follow each other so I hope it keeps going down for now
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im glad i wasnt buying silver at nearly $50 an ounce in 2011, i would definately feel the sting
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i really like the belt buckle design around the soverign, i remember the first george111 silver shilling i found metal detecting was in really nice condition and with the black toning the buckle looked stunning
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Well given that silver prices are relatively cheap, it has great potential in massive gains in the future.
Sov.
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If silver dips I'm ready to place another order. Time to build my stack up!
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