over the last 100+ years the ratio between oil and silver will sometimes be 1 to 1, and sometimes be 3 to 1 or 4 to 1.
for example. in WW1 they both went up to 1 or 2 bucks. then in the 30's they both got down to 25c or 35c (depends on what exchange/graph you use). in 1980 silver was higher than oil.
today with oil between 70 and 80 , and silver below 15 , it is closer to 5 to 1
at this ratio silver is about as cheap as it has ever been.
using most ratios, silver is very cheap, and a great buy.
at some point over the next couple decades I believe that the oil-silver ratio will once again be 1 to 1 .....
it may be at $100, or $200, but I doubt it will be at $10
currently, stocks are grossly overpriced. bonds are still overpriced. gold is underpriced. silver is incredibly cheap.
buy some physical for the long term , and be very patient.
(note - seasonal average is for metals to go down in oct).
... buy low .... stay high...
--- my 50+1 k ozzie plan .... avg. 5.29268269268 / ozzie / 51k ozzie
.... I am hedged (flat) from 16.16 right now.... (actually 1000 ozzies are still flying delta 100)
.... sniffin to unleash the fury
Thank you very much for bringing this up bear...
I looked at thursday and fridays action and decided it was a MAJOR JERK-JACK so i decided to cover my HEDGE shorts Sunday night at 14-50 and bought a few more for some herb money...
... just look at this chart right heretonight and this thing looks like an eruption is about to take place,,, ... I am grabbing offers and buying cars made all of silver.... MINE MINE MINE....NOW...GO-TIME
I have a standing order to buy 1 million ounces at 1448 and a half.....dec...
Long 17 dec copper @ 2=77....long 100.000 ozies silver @ 14-32....32 oj simpson....
BILE IN MOUTH....Will know later...
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The haircut is determined by the asset currency, except for USD assets where the haircut is determined by the requirement currency:
|Guaranty Fund Products||5%||7.5%||10%||15%||20%|
yehhhhh...I know.... Canadian dollar...