Silver is under valued

[Bobbyoutback]

The Gold / Silver ratio is now over 93 ounces of silver for one ounce of Gold .
But only 10 times more silver exits in the ground to gold .

Gold spot price is over $2000AU an ounce , Silver is just $21.49AU an ounce !

Get some Silver now whilst it's so under valued :)

[billdan]

Wow how things change, in 1975 I bought 20 ounces of Gold for $75 per ounce. I then sold them in the 1985 for $595 per ounce and used that money as a deposit for my first house purchase ($70K). To buy that same house today would cost $600K.

[Bobbyoutback]

Well done Bill on your gold buy all those years ago , I was young & stupid back then ' chasing chicks was my priority :rolleyes:

For those who are considering buying Silver , Perth Mint Kilo Bars are good value .

[skysurfer]

Is Gold / Silver becoming the new Bitcoin ?

[xelasnave]

You had your priorities right as the first job is to send one's genes into the future.
I like your observation and say this..the more gold and silver one can accumulate the better..both have the ability to hedge inflation which is not easy... one needs a portfolio of real estate, some shares, some collectables etc but if things go down hill gold and silver will work...if you have to move it can be easy to take with you..easier than a house obviously..both are liquid and both suffer little deteriation over time unlike say art work.

Thanks for your tip.
Alex

[JA]

In a lot of ways I would say it is the old Bitcoin. I don't mean that in a negative way, or that Bitcoin is better (it isn't), just that it came before it as a solid defence against economic woes. I think a gold/silver holding is a good thing, although when things get really tough, it would be down to true sustainers if life: food, water,etc.

Best
JA

[Wavytone]

The bottom fell out of silver when the photographic industry went digital - film and paper were the primary consumers of the stuff.

Unless another major industry finds a need for it it won’t recover.

[AstralTraveller]

I don't think the amount in the ground determines the price. It's the cost of getting it out of the ground and purifying it that matters. There is actually more Al in the crust than Fe but because refining Al requires more energy than Fe there is (last I checked) about a 6 fold difference in price.

[Bobbyoutback]

I booked marked this link from back in 2017 , what's changed ?
Bezos is richer & dept higher .

All's the worlds money & markets in one visualization :
http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/

Hope you enjoy ' especially you Alex :)

[xelasnave]

Thank you.
Alex

[MortonH]

Unless the human race wakes up to its vanity and decides to stop adorning their bodies with shiny metals and stones.

[xelasnave]

You would think that these would never go out of fashion.
Alex

[MortonH]

You're right. In fact I must get another one. :P

[Bobbyoutback]

Wow ! what is that ?

And as for those who doubt the power of precious metals stay tuned as Fiat
currencies self destroy .

Only real stuff has a value , not delusional digital or paper money .
Bitcoin being the greatest con of all time .

One only needs to ask why to-days interest rates are at a record low ?

Bobby :D

[xelasnave]

The gold hat is from the Bronze age and although there is nothing about them on the net I can tell you that they are made from gold leaf on something to support it and probably worn by the ancient folks version of the pope and I think gold had an association with the Sun so it was may have been involved in something involving Sun worship (Or respect). Presumably at a ceremony mid winter where they observed the Sun apparently dieing remaining so for three days and after three days being reborn ( and as reborn held somewhat a human implication invented the word resurrection) rather resurrected...I mean that hat says it all really..Look at the circles presumablely representing the Sun on it's yearly path..the hat says so much. And being a pagan thing was seen of value and the whole idea taken up by folk who came later and copied to present similar ceremonies held today although they have gone for different material in their hat...hats are so tired up with the Sun personification and god status you know.

Value is an interesting concept and invariably involves some kind of human delusion, other than the various Sun personification cults that even exist today even if they are not aware of their actual function, but if they wear a funny hat you can bet delusional Sun personification cult ....the only way to be " value" secure is to have a bit of everything but be sure to keep tons of baked beans and bottled water hidden at various locations and quiet separate from all the hidden gold and gems .

But I hear that tulips are ready for a big come back closely followed by radium although I never could see the value in radium as you can't take it out of hidding and play with it.
In business experts say your best investment is in staff but you can't bury them in various hidden locations ....

But interesting you raise silver as I have been thinking of getting a kg of silver and another forge (but I only yesterday found my old one..they are so easy to misplace) and making some objects... something you could call art I suppose...if you want to project your presence into the future (other than via your genes which is also a fun way) you make an art object that will always be valued more than weight of the metal so that future owners are not likely to melt it down for its scrape value...Look at the gold hats ..they remain because their perceived value is in their art value as well as historic value which far outweighs the scrape value...

Still my mother had it summed up ...she would say money (a placeholder for all material things one my covert) is of no value if you don't have your health and she is absolutely right ..it does not matter how much cash gold gems or staff you have buried if you still can't use a shovel.

It all comes down to getting the most enjoyment out of life and if you are bored with all that is involved in sending your genes into the future just fill your day with a pursuit that brings you personal pleasure ..I find a healthy balance between cage fighting and astronomy works for me.

Alex

[Bobbyoutback]

Alex ' what a great post !
So many areas I agree on but the cage fighting is not on my list .

Today I'll be playing with my telescopes as it's much more fun then just playing with ones self ,, :)

Have Fun
Bobby .

[xelasnave]

Well thank you kindly Bobby.
My parents never told me that you could make a career from fighting so unfortuantely I missed going professional and now it is too late because of my legs (not my age☺) I cant throw a kick..not that we kicked in my day as your opponent would grab it and take you down.
To enjoy watching cage fighting you need to understand it is a mind exercise really and usually a demonstration of how brain beats brawn...I was not particularly strong and was always smaller than all my opponent but always won cause I thought the game thru even as a kid.
Judo and jujitsu were my primary skills and avoided boxing although I was not bad at it.
I was promised a flogging if I ever started a fight and something worse if when in a fight I lost...so I concentrated on defence and counter attack so I did not break the rules...I think it was my grandfather told me.
But as a small kid whos Mum made me dress perfect and be polite other kids saw me as an easy target...but not for long☺ anyways enough lallegagging back to work.

Alex

[Bobbyoutback]

Hi again Alex ,
Interesting concept of how brains beats brawn , good to hear how you applied it !

The only fighting I do is late at night over a chess board on the net .
I've only recently discovered Tennessee sour mash bourbon ' a fine companion for this activity but not for stargazing .

Having Fun
Bobby

[xelasnave]

Actually putting away whiskey is probably a good investment.
I watched a youtube vid where a couple of moonshiners were doing just that as they realised old moonshine commanded a .uch higher price.
I like chess but these days I only play the phone☺
Alex

[AstralTraveller]

Funny you should say that. A chess grandmaster is in deep doggies do do after being caught (and later confessing) using his phone to cheat.


https://www.abc.net.au/news/2019-07-14/chess-player-reportedly-caught-cheating-on-phone-during-game/11307544


https://www.chess.com/news/view/igors-rausis-58-under-investigation-of-cheating


Personally, I find the phone is too strong a player for me, though I haven't tried it at 'fool' level :rolleyes:. If you want to waste time on other web sites, I enjoy the Agadmator. You might even convince yourself that you become a better player if you watch enough :lol:.


https://www.youtube.com/user/AGADMATOR/featured

[xelasnave]

I have lost the evidence to support my claim but on my old phone I had near 3000 games...at a medium level with a reasonably high sucess percentage wise but one day I played the highest level and knowing it would beat me I tried really hard..anyways I won...so to keep my win rate at the highest level 100% I never played at high level again.
But unfortunately never ran into anyone in person who played. . so I could show them and big note myself ..could only have been a fluke.
Thanks for the links.
Alex

[Bobbyoutback]

Well done Alex on your 100% high level average ! even if one game .

I have a result consistency of a 100% also :D when playing Grandmasters live over the board ~ loss them all .

Your correct about hording whisky ' will never go off , great for barter & self inebriation adventures .

Bobby ..

[xelasnave]

Do you know how to play GO?
Alex

[Bobbyoutback]

No :sadeyes:

But I do know Silver will be more valuable soon :)

Bobby .

[Wavytone]

Forget silver/gold - too bulky, way too heavy and if someone finds another pile of the stuff yours will be devalued.

Argyle pink, green, red or violet diamonds are the choice - small, convenient and supply has been exhausted (the mine has closed). Millions worth can easily be stored in a small deposit box - a single violet 4 carat stone is worth $US5M.

[Bobbyoutback]

I'm fully versed with the way precious stones are valued , in an other life I faceted many fine gems ( diamonds excluded ) .

The Chinese have been able to made real gem quality diamonds of color choice ' did you know that ?
Link ~ https://www.thediamondloupe.com/technology/2019-02-07/chinese-companies-poised-flood-synthetic-diamond-market

[Wavytone]

Yes I’m well aware of the synthetic coloured stones - several retailers flog them. There are a couple of fundamental differences though.

The natural coloured stones owe their colour due to traces of other specific elements in the crystal lattice - iron, aluminium or hydrogen whereas the man made versions are produced by irradiation to knock a few atoms out of whack in the crystal lattice. In these manmade ones heating the stone can cause the colour to fade.

In sunlight argyle stones fluoresce white, ones from other origins do not. Can look a bit weird if you didn’t know.

[Bobbyoutback]

Thanks I didn't know that :)

[Bobbyoutback]

Below is real time chart of gold & silver , those who have bought silver will be pleased I hope :)

https://www.bullionvault.com/gold-price-chart.do

whoops , just hit Silver on the left Tab

[xelasnave]

I like Perth Mint gives prices in our money☺.
Alex

[sil]

Well for the Len Wallis fanbois silver interconnects and speaker cable evidentally are the thing to have. Apple will take that idea and run with it no doubt.

Don't forget the upcoming war between werewolves and vampires, silver will be in high demand for that!

[xelasnave]

Silver is a great conductor so I think I will use it in my 12 volt system☺
The price of wire ..why not.
Alex

[Bobbyoutback]

The true value of Silver would surge into the hundreds of dollars per ounce when manipulation fails . ;)

Last part of this article below : https://www.zerohedge.com/news/2019-07-22/gold-silver-price-manipulation-greatest-trick-ever-pulled-0

Conclusion – The Greatest Trick ever Pulled
Manipulating gold and silver prices by spoofing futures trades and cancelling them is one thing. Central bank intervention into physical gold markets to dampen the gold price is another. But perhaps the most far reaching yet unappreciated method of manipulation is sitting there in plain sight, and that is the very structure of the contemporary ‘gold’ and ‘silver’ markets where prices are established by trading in vast quantities of fractionally-backed synthetic gold and silver credit, be it in the form of vast quantities of unallocated positions that are ‘gold’ or ‘silver’ in name only, or in the form of gold and silver futures which haven’t the slightly connection with CME approved precious metals vaults and warehouses.

By siphoning off demand for real gold and silver and channeling it into unbacked or fractionally-backed credits and futures, the central banks and their bullion bank counterparts have done an amazing job in creating an entire market structure of futures and synthetics trading that is unconnected to the physical gold and silver markets. This structure siphons off demand away from the physical precious metals markets, and in doing so, creates a system of price discovery which is nothing to do with physical gold and silver supply and demand.

Apart from fractional-reserve banking, precious metals market structure is perhaps one of the biggest cons on the planet. So next time you think of precious metals manipulation, remember that in addition to spoofing and secretive central bank gold loans, the entire structure of the precious metals markets is unfortunately one big manipulation hiding in plain sight.

All this BS manipulation is going to blown away in the near future ' think about what to do now :)

Bobby .

[xelasnave]

Value comes from marketing.
One needs to get the herd moving is all.
Buy silver and reduce the supply and sell it somehow without increasing the supply..isnt that the game?
Lets discuss the notion of value...the notion of a market...you do it as I know and cant be bothered explaining the delussions humans perpetuate.

Alex

[Bobbyoutback]

Good evening Alex ,

Silver is both a industrial & monetary metal , real silver cant be just created like fiat money .
When you hold a real silver bar you have value that will be excepted for goods & services after the demise of paper money .

Today the trillions of debt we see world wide are in fiat currencies ' they are backed on faith & blind acceptance .

The only real money is either Gold or silver , get some now ! ;)

Bobby

[pmrid]

I know it is cynical of me but it is based on many years dealing with financial fraud in several countries. Whenever I read something like XYZ is under-valued I shy away. Can you remember several years ago when a massive attempt was made to effectively corner the world market in silver? And who can forget the numerous accounts one reads of people falling for the hot tips from strangers only to find they have invested in a shadow.
Sorry but Time has made me a disbeliever in free lunches.
Peter