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Strategies & Market Trends : The Aristocrats (tm) -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (4423)	2/3/2024 12:23:25 PM
From: bull_dozer	Read Replies (2) \| Respond to of 5610

>> My problem with too much physical silver is the space / storage. You can purchase 1 gold coin or 85 silver and there comes a limit on storing the silver. Have you considered this? sprott.com sprott.com

To: Logain Ablar who wrote (4423)	2/3/2024 2:17:47 PM
From: sense	Read Replies (1) \| Respond to of 5610

I think the storage space thing is mostly a canard... Or, at least, I don't have issues with a lack of space for a box. Just put it in a corner of the garage or the basement ? But, its also not necessarily the point, in context of the gold / silver ratio... In that context, the point is only to hold onto the silver until you can make a profitable trade by converting the silver to gold at a favorable exchange ratio... And, I think you SHOULD plan to do that... when silver is at its highs relative to gold... buying silver at its lows in gold terms is only adding a trade that allows acquiring more gold for the least $. FWIW, I don't believe that physical silver (or gold) should be a primary focus... rather than "savings" in a small percentage of holdings... generally not more than 10%... And I don't believe that silver has the sort of upside potential that the pundits flogging it want you to believe. Saw a vid today flogging silver to $4044... and didn't waste my time. If that happens... its not silver rising but the dollars becoming hyperinflated and worthless. Which isn't saying "that won't happen" or that silver isn't undervalued now... as it is almost always undervalued... and that is true only the more so now, in gold terms... per the ratio. And, that's happening now AS silver mining is being made not only not profitable... but not worth doing... even with "credits" for other metals in equivalent ounces ? And, its happening now... with gold also undervalued in extremis... making silver a leveraged trade in "stacking" the under-valuations: of gold in dollar terms... silver in gold ratio terms. But, "to da moon" in silver is not something I expect, because, in reality, there is not a shortage of silver... there is only a shortage of silver below a particular price threshold... I judge that "threshold" currently to be in the neighborhood of $44 to $64... a price at and above which mining silver is rendered sufficiently profitable to ensure ample supply. Simply price silver to enable a profit from mining it... and we'll find out there's a lot more out there able to be mined than is mined now... It does still leave an issue in "lags" between price moves... and the ability to add production at higher prices... which occasionally allows prices to overshoot profitability thresholds... to benefit existing producers. We've seen the same thing happen in gold over the last few cycles... as deposits in ounces per ton became scarce... and mining shifted focus from small deposits of high grade to large deposits of low grade. The abandonment of high grade deposits resulting from that... created opportunity as the low grade deposits suffered declining quality... most notably as "profitability" from deposits less than a gram per ton occurred. And, now, suddenly, high grade is profitable to look for, again... and it turns out... still able to be found... IF you bother to look. ? Still a divide in focus between "the trade" in physical... and shares ? Focus on "the trade" AS a trade... in everything you don't intend to pass on to the kids as "stuff worth having and keeping"... So... what's "the focus" ? Pointing out "this is cheap"... doesn't apply other limits in how you use the awareness ? Buy a silver service now... while spoons are "still, only" $20 to $40 each... and that works just as well for purpose as a box in the corner... or kilos that are only useful as door stops ? ?