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silver is at bottom

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noguts

Prospect

Joined: Sep, 2014

Posts: 339

Posted: May. 26, 2015 - 10:44 AM ET #1

silver is down 70 % with a 70-1 ratio with gold.ratio shoud be 10-1.I will be investing in only silver this year.

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SashimiKid

Veteran

Joined: Sep, 2009

Posts: 2090

Posted: May. 26, 2015 - 6:18 PM ET #2

Why should it be 10-1 ratio

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noguts

Prospect

Joined: Sep, 2014

Posts: 339

Posted: May. 26, 2015 - 11:50 PM ET #3

Quote Originally Posted by SashimiKid:

Why should it be 10-1 ratio

well as far as history has shown it has been around 10-1 for many years.70-1 is not normal .

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: May. 27, 2015 - 12:50 AM ET #4

I dont know if investing because of a historic ratio means much..

I personally would not buy silver over 10 bucks...but that is just me.

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TRAIN69

Legend

Joined: Oct, 2002

Posts: 54632

Posted: May. 27, 2015 - 11:08 AM ET #5

Wall- Whats should the ratio be? Will you invest under $10?

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noguts

Prospect

Joined: Sep, 2014

Posts: 339

Posted: May. 27, 2015 - 11:48 AM ET #6

Quote Originally Posted by wallstreetcappers:

I dont know if investing because of a historic ratio means much..

I personally would not buy silver over 10 bucks...but that is just me.

I disagree on the historic part of your statement because were talking over hundreds of years .And yes you could be correct as far as the 10 dollar bottom but all i know is we are down 70 percent and we have to be closer to the bottom then top.If my average works out to 13 before the bull im cool with that.

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wallstreetcappers

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Joined: Feb, 2003

Posts: 56778

Posted: May. 27, 2015 - 12:44 PM ET #7

Quote Originally Posted by TRAIN69:

Wall- Whats should the ratio be? Will you invest under $10?

I dont care about a ratio...that is rationalization.

Buying something because of a correlation to a separate investment isnt reason for me.

And no, I think you know my answer. If silver goes to 10 then gold goes lower and likely other assets like stocks go lower and I would likely purchase what asset I felt was best, not something as a currency hedge or some historic ratio.

To me silver has very little intrinsic industrial purpose..silver seems to be a poor mans gold, purchased because of gold and for people that cannot afford or do not want to afford gold.

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noguts

Prospect

Joined: Sep, 2014

Posts: 339

Posted: May. 28, 2015 - 11:02 AM ET #8

silver is selling below mining cost also

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: May. 28, 2015 - 11:52 AM ET #9

Quote Originally Posted by noguts:

silver is selling below mining cost also

That also means nothing..

Many businesses run production less than fixed costs..thats because shutting operations is more costly than running production at a loss.

At some point they have to decide if they want to bail on production, but to me it is not a reason to buy silver at all..

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noguts

Prospect

Joined: Sep, 2014

Posts: 339

Posted: May. 28, 2015 - 12:48 PM ET #10

Quote Originally Posted by wallstreetcappers:

That also means nothing..

Many businesses run production less than fixed costs..thats because shutting operations is more costly than running production at a loss.

At some point they have to decide if they want to bail on production, but to me it is not a reason to buy silver at all..

do you agree the metals market is rigged?

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: May. 28, 2015 - 2:20 PM ET #11

Every market is rigged..

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Raiders22

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Joined: Dec, 2010

Posts: 24729

Posted: Jun. 1, 2015 - 10:01 PM ET #12

Quote Originally Posted by noguts:

silver is down 70 % with a 70-1 ratio with gold.ratio shoud be 10-1.I will be investing in only silver this year.

https://www.investopedia.com/articles/trading/09/gold-silver-ration.asp

Is just one of many that addresses this theory. Many, many things you have to keep in mind however. One is that prices are not as fixed as they once were and different things affect different metals.

But there are people that trade this ration on an hourly, daily, yearly, multi-yearly ratio. Etc etc. So, this is common practice and some swear by it.

Another thing to keep in mind---suppose gold is an anomaly right now. What if gold is overpriced and silver is correct to the ratio?

No, the markets are not rigged. Unless you have another Hunt brothers type thing. People that say markets are rigged are the same folks that think sports games are rigged---but they never seem to figure out the side to bet on if it is so rigged. Same thing with markets---if it is rigged you should know which way to put your money in to make a profit.

If you use this, I would recommend using it along with other justifications that also reinforce your opinion.

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noguts

Prospect

Joined: Sep, 2014

Posts: 339

Posted: Jun. 1, 2015 - 11:59 PM ET #13

Quote Originally Posted by Raiders22:

https://www.investopedia.com/articles/trading/09/gold-silver-ration.asp

Is just one of many that addresses this theory. Many, many things you have to keep in mind however. One is that prices are not as fixed as they once were and different things affect different metals.

But there are people that trade this ration on an hourly, daily, yearly, multi-yearly ratio. Etc etc. So, this is common practice and some swear by it.

Another thing to keep in mind---suppose gold is an anomaly right now. What if gold is overpriced and silver is correct to the ratio?

No, the markets are not rigged. Unless you have another Hunt brothers type thing. People that say markets are rigged are the same folks that think sports games are rigged---but they never seem to figure out the side to bet on if it is so rigged. Same thing with markets---if it is rigged you should know which way to put your money in to make a profit.

If you use this, I would recommend using it along with other justifications that also reinforce your opinion.

I look at silver as a hedge for my stocks .They keep on printing and sooner then later garbage will hit the fan and silver will go to the moon.This is not my opinion it's fact.when this happens the dealers will be all out and you will be left with your dik in your hand.buy now while prices are low and sleep better.

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: Jun. 2, 2015 - 12:36 AM ET #14

Silver is a hedge of nothing...absolutely nothing.

If you want any mystery hedge, gold is all you can bank on. Silver has zero importance as to a currency or much of any value industrial wise.

Why are you attempting to hedge with an inferior investment, you might as well do nothing than buy a 10% value quasi hedge like silver.

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Raiders22

Hall of Fame

Joined: Dec, 2010

Posts: 24729

Posted: Jun. 2, 2015 - 1:12 AM ET #15

Quote Originally Posted by noguts:

I look at silver as a hedge for my stocks .They keep on printing and sooner then later garbage will hit the fan and silver will go to the moon.This is not my opinion it's fact.when this happens the dealers will be all out and you will be left with your dik in your hand.buy now while prices are low and sleep better.

Sure. Some people do this, especially if they think silver is undervalued at the time compared to gold. Folks will always try to find somewhere to put their money if the market is not strong. Usually silver is seen as a hedge against a currency falling.

Over a very long period the charts really do not reflect consistent correlation with the stock market. However, from time to time there is one. The problem is sometimes silver is strong when the market is; sometimes silver is strong in a downward market. These patterns can be seen sometimes for decades. So there are a lot of favors to consider and what is going on with the market and silver at the time.

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noguts

Prospect

Joined: Sep, 2014

Posts: 339

Posted: Jun. 2, 2015 - 10:59 AM ET #16

Quote Originally Posted by wallstreetcappers:

Silver is a hedge of nothing...absolutely nothing.

If you want any mystery hedge, gold is all you can bank oSilver has zero importance as to a curn. rency or much of any value industrial wise.

Why are you attempting to hedge with an inferior investment, you might as well do nothing than buy a 10% value quasi hedge like silver.

"has zero importance as to a curnrency or much of any value industrial wise." Silver is used in in every thing tech related and medicine.it has ore uses then gold

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noguts

Prospect

Joined: Sep, 2014

Posts: 339

Posted: Jun. 2, 2015 - 11:01 AM ET #17

solar panels and cell phones

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noguts

Prospect

Joined: Sep, 2014

Posts: 339

Posted: Jun. 2, 2015 - 11:04 AM ET #18

fillings for your teeth

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: Jun. 2, 2015 - 11:20 AM ET #19

Quote Originally Posted by noguts:

solar panels and cell phones

Huh?

I have solar panels and they are made from steel and silicon and little if any silver.

Teeth? I dont have silver fillings, that is old school inefficient way of dentistry. Composite fillings are stronger and look better.

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mjm1012

Legend

Joined: Feb, 2005

Posts: 38888

Posted: Jun. 2, 2015 - 2:50 PM ET #20

GOOD POINTS ON BOTH SIDE!

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TRAIN69

Legend

Joined: Oct, 2002

Posts: 54632

Posted: Jun. 2, 2015 - 6:14 PM ET #21

So Wall, what are you lookin to invest in as of now, or whats in your portfolio. I dont think Ive seen you actually ever say anything was a good investment.

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: Jun. 3, 2015 - 1:07 PM ET #22

Quote Originally Posted by TRAIN69:

So Wall, what are you lookin to invest in as of now, or whats in your portfolio. I dont think Ive seen you actually ever say anything was a good investment.

I know you are playing your usual game..you are not interested in what I think is a good investment...

But that said, I dont like much of anything in this market. I do not force an investment if I think nothing has value. I will wait until investments I feel are interesting go on sale and purchase at that time.

If I have to wait 1-2-5 yrs, who cares..I for sure am not buying in this market..and I would never ever own silver. If metals get hit and silver goes under 10, then if gold was down a similar amount I would purchase gold. Silver is no hedge, it is a cheap knockoff and if I want to hedge I will hedge..silver to me is a tag along and I am not looking to purchase a tag along.

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TRAIN69

Legend

Joined: Oct, 2002

Posts: 54632

Posted: Jun. 3, 2015 - 5:57 PM ET #23

Quote Originally Posted by wallstreetcappers:

I know you are playing your usual game..you are not interested in what I think is a good investment...

But that said, I dont like much of anything in this market. I do not force an investment if I think nothing has value. I will wait until investments I feel are interesting go on sale and purchase at that time.

If I have to wait 1-2-5 yrs, who cares..I for sure am not buying in this market..and I would never ever own silver. If metals get hit and silver goes under 10, then if gold was down a similar amount I would purchase gold. Silver is no hedge, it is a cheap knockoff and if I want to hedge I will hedge..silver to me is a tag along and I am not looking to purchase a tag along.

I dont know why you think I'm always playing games. I asked simple questions in the investment forum.

Not sure why you are always on the defensive. Jeesh

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: Jun. 3, 2015 - 9:38 PM ET #24

Quote Originally Posted by TRAIN69:

I dont know why you think I'm always playing games. I asked simple questions in the investment forum.

Not sure why you are always on the defensive. Jeesh

Because you follow me around being critical more than you are genuinely interested in conversation.

But I did answer your question even though I still doubt you really wanted an answer.

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TRAIN69

Legend

Joined: Oct, 2002

Posts: 54632

Posted: Jun. 3, 2015 - 9:44 PM ET #25

Quote Originally Posted by wallstreetcappers:

Because you follow me around being critical more than you are genuinely interested in conversation.

But I did answer your question even though I still doubt you really wanted an answer.

Follow you around? You mean read threads and respond? I'm always interested in conversation, and being critical doesnt change that.

You make it sound like I'm stalking you.

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silver is at bottom

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