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Replies: 16 / Views: 2,133 |
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Pillar of the Community
Australia
7096 Posts |
*** Moved by Staff to a more appropriate forum. ***Why is it that the gold price is over $1700 and silver is lingering about the $40 mark? At traditional values of 16/1 Silver should be at over $100 per OZ. I have been informed by reliable sources that the silver price has been manipulated to protect certain US entities. Apparently after September we should see some return to normality. Has anyone else heard of this? 
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Bedrock of the Community
United States
20753 Posts |
I suspect the reason is Alchemist are secretly working at the Fermi Labs in Illinois to create Silver from Lead. The making of Gold was just to difficult since to produce it took Platinum to make the Gold. And Lead is so easy to acquire by just buying toys at Walmart which are covered with Lead Paint.  OR a really good question and I have no idea.
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Pillar of the Community
 Australia
7096 Posts |
Lead paint on toys still  ,No wonder you blokes in the states are still voting fools into Washington 
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Pillar of the Community
United States
3670 Posts |
I like that September theory small window to stock up beofore it catches back up to that 16 to 1, if it can ever break free of the people tryin to keep it down....
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Valued Member
United States
458 Posts |
Id be thrilled with that ratio! Would really help with my tuition fees! Ha :)
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Valued Member
United States
117 Posts |
I've heard so many things about the gold/silver ratio. So far, from what I've heard, half are looking for silver to suddenly jump up in hopes of reaching the mystical 16:1 ratio.
While the other half, simply state that the tradition 16:1 ratio is simply outdated and that it'll be should closer to 40:1 as it is now.
IMO, I think the traditional ratio will probably never go back. I'm guessing there will never be a set ratio between gold and silver again.
How I see things, gold is gold, and will always be wanted, but silver does have some really great potential. Especially with all the new applications silver is used for, that isn't recoverable. I expect silver to ride the coattail of gold for a while, then I'm hoping/expecting silver to continue to raise on it's own. I wish the 16:1 ratio was still in place thou. :P
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Pillar of the Community
United States
3294 Posts |
Maybe because the traditional 16-1 ratio is not something that is seen as relevant by many.
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Valued Member
United States
304 Posts |
Isn't lead (on toys) the #1 export of China? =D
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Pillar of the Community
United States
3294 Posts |
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Valued Member
United States
310 Posts |
I think the big boys are piling into gold, and pulling out of silver. Silver was down a decent amount today, while Gold was up. It waas like this last few days too. I think the big players are pulling out of silver and jumping on the gold bandwagon. Starting to think Silver may be stalled for a bit until gold cools off.
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Pillar of the Community
United States
667 Posts |
It is an ancient and misleading idea of the past. Forget about it.
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Pillar of the Community
United States
2734 Posts |
Silver's not even at a 40 to 1 ratio today. Gold @ $1745 would have silver at $43.63/oz. (at 40-to-1), but today it's just short of $38. Quote: I have been informed by reliable sources that the silver price has been manipulated to protect certain US entities. Yeah, coin collectors, so new U.S. Mint Silver Proof coins won't be sales-suspended like they were last April, and we can keep buying more with silver staying under $40...   Generally, I'm not one for conspiracy theories, but when silver's dropping at the same time gold is shooting for the moon... That means I better run out and load up on silver!  If I did want to speculate, I would say silver was being manipulated because the "dam" has broken on gold, and those parties would be driving down silver because they can no longer effect any manipulation on gold. And they might even be doing this to load up on silver before it inevitably breaks free beyond their control. 
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Pillar of the Community
United States
1348 Posts |
My question is why is gold jumping and silver being left behind?
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Valued Member
United States
362 Posts |
I am really tempted to get some more gold, maybe another 1/5 of an ounce worth, but the volatility ( is that a word?) Of gold has me worried... I fell as though once the frenzy is over, which I feel like is closer then one would think, people are going to start wanting silver again.
Gold right now is wonderfully exciting, but I fell long term (which is what all my pm investments are) silver is going to provide a slow, but steady increase and be much more stable.
I do think about, hey what if these prices quadruple one day, and I make thousands of dollars? But truth is, and I find myself having to remind myself, my investments are into something that are almost 100% probable to have value I'f I ever do need to sell them, vs a stock which could go to 0.
But I must admit, having a small pile of AGE's is a pretty cool feeling and sight
Edited by ICanSeeYou7687 08/09/2011 6:12 pm
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Pillar of the Community
United States
830 Posts |
Quote: My question is why is gold jumping and silver being left behind? My guess is there are more big buyers of gold than silver, they are whales swimming...like the big foreign central banks buying it by the ton. The industrial tie for silver is holding it back with the possible world slow down, where gold is becoming one of the worlds best currencies.
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Rest in Peace
United States
9104 Posts |
If I looked stuff up right (if not, PLMK):
at $40 total silver production is $30 billion at $1700 total gold production is $140 billion
Guess which market would be easier to manipulate?
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Replies: 16 / Views: 2,133 |