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Thread: Gold Silver Ratio Discussion Group

  1. #231

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    Spot GSR - 79.1
    Eagle GSR - 48
    Cheap GSR - 66.8


    The Eagle gold to silver ratio for trading purpose only works if you can actually buy ASEs for something near what you can sell them for. As it is, I don't see how ratio trading can work with physical (unless you have a special relationship with a dealer). Back when the silver dollar was first used, the public could actually bring in silver to be fabricated into silver dollars; someone with extra silver brings it to the mint to be made into the legal currency, and it's done. Maybe there was a nominal fee?

    I'm not sure. However look into the cost of fabricating common coinage. How much does it take to make a copper dollar coin these days? They can make silver dollars for a similar fee. I'm pretty sure that cost is not more than a few cents. I see no reason the buy-sell spread needs to be so high. It's as if someone in charge does not want people actually trading with gold and silver coin, as we once did.

    To bad some large mints can't come along to bring vastly lower premiums to the masses. We can no longer expect any help from the government on this matter, as they are part of the current fraud dollar conspiracy. However, if there is a large enough scale - -could not some private mint fabricate gold and silver coins in such numbers, that trade between gold and silver will once again become practically possible, as had been going on for 100's of years, 100's of years before we had the efficiency of modern production?
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

  2. #232

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    8/24/23 9:30pm NY time

    Gold spot - $1916
    Silver spot - $24.13
    AGE - $2,041
    ASE - $33.54 (39% over spot)
    Gold Krug - $2,005
    Silver Krug - $29.39 (cheaper than a buffalo round) (22% over spot)

    GSR spot - 79.4
    GSR Eagle - 60.9
    GSR Krug - 68.2
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  3. #233

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    Part of the problem is the number of hands the coins pass through from the mint to the buyer. Each one takes a percentage. The other problem is that "spot" is for paper PM and not for physical PM and nobody believes that the Comex price is real. Too many spoof buy or sell trades that make no sense other than to try to control the price. If delivery of physical was required the Comex would close in less than a week, IMHO. Gresham's Law also shows that sound money is driven out of existence by bad (fiat) money. Your gold/silver would flow towards those with fiat crap and not return to the system with sound money. That's the same reason the BRICS nations won't have a gold backed currency any time soon.
    American Legion Preamble: https://www.legion.org/preamble

  4. #234

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    9/9/23 (weekend)

    Gold spot - $1920
    Silver spot - $23
    AGE - $2045
    ASE - $32.3
    Gold Krug - $2009
    Silver Krug - $28.2

    GSR spot - 83.5
    GSR Eagle - 63.3
    GSR Krug - 71.2

    A 25% off labor day sale is being advertised by Kitco
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  5. #235

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    After the recent drop in prices, it seemed prudent to take a fresh look.

    10/3/23

    Spot AU - $1,821
    Spot AG - $21

    AU Eagle - $1,943
    AG Eagle - $29.4

    AU Krug - $1,917
    AG Krug - $26.25 (cheaper than a Buffalo or Leaf)

    AU Maple Leaf - $1,902 (on Sale)


    Spot GSR - 87
    Eagle GSR - 66
    Krug GSR - 73
    Last edited by SilverPalm; 10-03-2023 at 09:24 PM.
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  6. #236

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    i think using generic rounds or generic bars of ag vs au is a better guage for gsr stats

  7. #237

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    Quote Originally Posted by maxwellsilverhammer View Post
    i think using generic rounds or generic bars of ag vs au is a better guage for gsr stats
    I was leaning in that direction, but when I saw gov mint coins for less than buffalo rounds, I went with the lower price option.
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  8. #238

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    I figure they use either futures or spot prices. There is no way to use any single product for GSR. The prices of products vary wildly.
    Metals are for Investors who take more risk with what’s Real, and less with what’s not. Author unknown

  9. #239

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    When trying to figure out the GSR why wouldn’t you use spot prices? I’m genuinely interested in the reasoning behind using random prices from a dealer.

  10. #240

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    Exactly.
    Spot is the only thing to use for true GSR.
    Dealer prices, shortages of certain blanks, are short-term and irrelevant to a discussion of the GSR.
    Focusing on any product/form is as relevant as comparing the sterling spoon you bought at a yard sale for 10 cents to the proof gold eagle you sold for 2500 the same day and declaring the GSR is 25,000.

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