Pressure
by backoffice | January 10, 2017 1:56 am
I’m laying in a hospital bed after a 9 hour back reconstruction. Don’t sweat the small stuff Travis, thanks for info on gold[1].
Endnotes:
- gold: https://www.stockgumshoe.com/tag/gold/
Source URL: https://www.stockgumshoe.com/2017/01/microblog-pressure/
Wow! I’m impressed that you’re reading Gumshoe in the hospital after something like that. Please take good care. Wishing you a speedy recovery from your friends at Stock Gumshoe!
Backoffice, you’ve always been a great example of an excellent citizen in the Gummunity. Wish you the best of the best, rapid recovery and total success always.
I like Silver better than Gold. SILVER is involved in many industrial applications. It is also a precious metal. Silver comes out of ground in a ratio of 10/15 parts silver to 1 part gold. I think that industrial uses for silver would
decrease and suitable less expensive compounds would be used in place of Silver, if and when Silver price jumps too high, too fast.
If the dollar index starts to fall precipitously , both Gold and Silver prices will advance accordingly. The current ratio of the price of Silver compared to the price of Gold is +70 to 1. Historically the gold to silver price ratio has been around 16/1. The gold market is much more robust than the silver market. If the number of paper contracts of silver, that are now almost infinite, were to become limited, folks that short silver will be less able to control the price of silver. The miners will cease pulling Silver out of the ground.
That market is too risky for me. I feel that you should own and posses the metal. Numismatic coins are not a good thing for the average buyer. Some legitimate bullion places sell Silver for Spot + .79 cents for a Troy Oz. Some vendor’s also offer a buy back price.
Get well soon!