| jpdell33 | -- 08-20-2020 @ 10:35 AM |
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With my post earlier this week I postulated that the real price of gold and silver is found in the unmanipulated free market in gold and silver bullion coins. To that end I sampled some of the more prominent dealers prices - JM, Blanchard, Monex, and others -for uncirculated Gold Eagles and Silver Eagles. This would give me an apples to apples comparison as most dealers offer a variety of products at various prices. I found that this morning's average price for 1 oz gold was about $2050 and 1 oz silver was about $34.50. This is almost exactly a 60- 1 ratio. The same ratio (on average) that existed for the 25 years following 1980, or after that earlier runup to $800 gold and the Hunt Brothers attempt to corner the silver market.
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| bmurphy | -- 08-20-2020 @ 11:36 AM |
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Interesting thanks much Bill
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| Ottomani | -- 09-09-2020 @ 1:58 PM |
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Did the Hunt brothers really try to corner the market, or were they just fall guys? (https://www.youtube.com/watch?v=uG4sjFnX6YQ)
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| jpdell33 | -- 10-16-2020 @ 2:13 PM |
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I don't know about the facts behind this youtube video, no doubt they had silent partners working with them. The Hunt brothers involvement is pretty much established history for more than 40 years now.
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| jpdell33 | -- 10-16-2020 @ 2:24 PM |
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Checked the price of Silver bullion coins today. The premium has dropped considerably ($5+) as West Point has delivered more coins to its distributors. Demand has also dropped as the panic over covid-19 has subsided. Yet as I write this the second wave has started. If it proves more deadly (like the 1919 flu) there could be a return to panic buying. Overreaction to the Presidential election -from the right or the left - could increase the desperation level, as well as the realization that many folks will be permanently unemployed and debt skyrockets to infinity. A vaccine is still months away and may not work very well as cases of reinfection keep cropping up.
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| sohamjoshi | -- 12-03-2020 @ 12:46 AM |
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| jpdell33 | -- 02-03-2021 @ 4:43 PM |
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Premiums for silver coins are about $13 over spot. Quite a premium for a non-collectable. For people to buy it at that price means they expect the price to rise to $50 or more.
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| jpdell33 | -- 11-17-2023 @ 10:27 AM |
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Checking the latest prices for uncirculated U.S. Silver and Gold 1 oz coins has gold at about $2100 and silver way off its premium highs available at about $30. A gold to silver ratio of a more normal 70-1. As I have always maintained, this unmanipulated free market represents the real current price for gold and silver, that can be readily known and acquired.
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| jpdell33 | -- 07-17-2024 @ 11:20 AM |
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The silver - gold ratio for most bullion coins is currently close to the recent norm is 60-1. This is based on my random checking of the price for uncirculated silver eagles (a little over $41) and gold eagles ($25-2600 depending on the days spot activity). It has been always my opinion that this represents the true price of gold and silver as they are based on pure consumption - an open market price that is not subject to commodities market gamesmanship. The interesting thing is that for several years now the commodities market has had roughly a ratio 80-1. I wonder if this is going to become the new standard. In the 19th century the ratio was 10-1, later became 20-1 until the Roosevelt gold confiscation. Then 35-1 and on to 60-1 after the dust settled from the oil shocks and Nixon taking us off the gold standard. It will be interesting to see if increasing gold scarcity drives the consumer price in this direction.
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