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Sprott Physical Silver Trust ET (PSLV) Message Board

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  • buzz60016 buzz60016 Apr 14, 2011 11:56 AM Flag

    Time series chart of NAV premium

    The NAV for PHYS (sprot gold) was negative yesterday.

    The ratio of gold to silver is under 40. The time for gold outperform silver is near.

    Added to PHYS yesterday.
    Holding PSLV.
    Buying coins ( Maple and Eagles ) on a monthly basis.

    Note - The ratio of silver to gold could go below 20, but the average over the last 100 years remains at 50 to 1.

    Silver has been a better investment for the past few years. Gold should begin to catch-up soon.

    Either way - The FED will continue to print dollars and debase the currency. The US Dollar will not go to zero, not in our life time. But a falling US Dollar and rising inflation, both gold and silver have room to run on the upside.

    Do not wait for $50 or $70 silver to buy. Continue to add some each month to your positions.

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    • "The US Dollar will not go to zero, not in our life time."

      I agree with this statement in principle. However, it's interesting to note that since the creation of the federal reserve in 1913 (whose mission, by the way, was to preserve the purchasing power of the dollar), the dollar has lost 97.8% of it's value. So while the dollar is not worthless, it is now only worth 2.2 cents in 1913 money. It will continue to fall but, you are right, it will never fall to 0. It will probably only be worth fractions of a penny in a few years, but that is still not worthless.

      • 1 Reply to networth00
      • >>> buzz

        "The US Dollar will not go to zero, not in our life time."

        ---------------------
        >>>> networth

        I agree with this statement in principle. However, it's interesting to note that since the creation of the federal reserve in 1913 (whose mission, by the way, was to preserve the purchasing power of the dollar), the dollar has lost 97.8% of it's value. So while the dollar is not worthless, it is now only worth 2.2 cents in 1913 money. It will continue to fall but, you are right, it will never fall to 0. It will probably only be worth fractions of a penny in a few years, but that is still not worthless.

        ===============

        Yes the dollar has lost 97% of its value since 1913.

        In 1913 you could by a nice steak dinner for 25 cents. Inflation is a problem.

        Gold and silver are good protection from the ravages of inflation.

        How low will the US Dollar go ? How much damage will savers, in cash receive. Yes, sitting in cash has certian dangers. Just as sitting in stocks or bonds have certian dangers.

        Put $10,000 under your bed. In 10 years, that $10,000 will still be there, but will have a lot less purchasing power.

        As we enter into a period of inflation over the next 10 years, those on fixed income, the eldery and retired will be hurt, by rising inflation.

        Those still working, will have pay raises, over the next 10 years. The pay will not keep up with inflation, but will ease some of the pain. Those on fixed income will be toast.

        Of course the wealthy lawyers, and wall street crooks, will take huge bonuses, to keep ahead of inflation.

        The question is - Can anyone make money on gold and silver, or is it just a hedge against inflation ?

        How far will silver go, before it tumbles lower ?

        How far will gold go, before it tumbles lower ?

        Silver is moving far and fast. A little correctin from time to time.

        I dont know.

    • In ancient times silver was more valuable than Gold. After the discovery of the new world, silver plunged and the silver-to-gold ratio averaged 16:1 for the longest time, until banks started manipulating the silver markets it went nearly 100:1.

      I'd keep purchases split 50/50 $ amount for gold/silver. You never know which one will rise faster, but hey they're both gonna do well so who cares.

      Welp, off to check for specials on AJPM
      Hmm, a 1-oz Maple gold for spot +$30 cha-ching!

 
PSLV
6.545-0.045(-0.68%)3:19 PMEST

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