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Peter Schiff Shared: Silver on Sale: Silver-Gold Ratio Back above 80:1 schiffgold.
Community Response: Only issue, at-least in Canada the price of a physical ounce is 10.00+ above spot. Not worth it right now, platinum is the better deal IMO.
I’m still down 34% on my last purchase after fees. I’m never buying metal again. This is the worst trade I’ve ever made in my life.
I feel similar, down due to the premiums paid. I look at it more as insurance, insurance to hold and hope you never need. If silver goes to record profit levels, we will need that profit to buy food.
Silver was $50 in 1980. Now it is $21. It is a scam. No thanks. It’s easier to guard cryptos with strings of letters and numbers than to guard physical metal.
I bought gold and Bitcoin at the same time this past May. Boy, I’m glad I have the gold to offset the huge loss in Bitcoin.
I bought bitcoin and gold at the same time soon after the covid dump. Boy I’m glad I have Bitcoin to offset my gold losses. Biggest regret ever buying gold.
Hold onto it, in perpetuity. This tweet won’t age well for you. So, I bought silver at 15/oz dollars 12 years ago, worst investment ever. Should have bought Bitcoin.
Why would I buy that shiny rock, when I can have a digital hotel with no maintenance?
If you think gold and silver, are rocks. Start off by buying just candy and finish high school.
There is an underlying reason why the gold to silver ratio has been so high over the last 4 years. Silver production is more than demand. New tech in mining is extremely efficient. Underground electro impulse, miners have exact location of silver. No more hit or miss in mining.
Silver mines and what is being mind is reducing considering the new tech. Just shows not as abundant as people make out.
Our tweets are now being tagged as “intense” Peter.
“Heads up Conversations like this can be intense. Don’t forget the human behind the screen.”
I bought physical silver 11 years ago between $20 and $28 an oz. Silver was my worst trade this year so far. The gold miners are having their worst year ever. Remember, Peter doesn’t own much metal. He said he owns a lot of miners. This thing won’t go up Peter.
Peter’s final push to sell off metals now that he knows rising interest rates will crash the gold/silver markets as investors move $$$ to higher yielding investments. LOL.
Gold has great valuations at these levels for many stocks. Will see one more burst of energy for Gold before crypto and metals crash together.
So, we know you dislike Bitcoin Peter. But what are your opinions of crypto coins with use case?
China is buying more Gold than any other country out there. You can’t get silver for anywhere near spot unless you buy 100oz at a time. It’s not 80:1 for average income people Peter.
It’s on sale because it’s useless as a store of value. It’s still 10x overpriced for its only use – as an industrial metal.
The truth comes out. I knew there was a reason why you are against crypto. Good luck selling off your “rare metals”.
Ratio has been high, because miners mine massive amounts of silver each year and recycle massive amounts – stock to flow Bitcoin. Meanwhile premiums make the difference in the cartels’ favour. Bitcoin is on sale, go do yourself a favour and buy some.
That story claims gold/silver has been in a bull market for at least 5,000 years. You’re trying to fade that?
