All truth passes through three stages.
First it is ridiculed. Second it is violently opposed.
Third, it is accepted as being self-evident.
Arthur Schopenhauer, German philosopher (1788-1860)
@KarelMercx Thx Karel, Although the difference is about 15% as per your below, how come i can buy physical for about 6% over spot prices in the west. If that is the case i should not be able to buy the physical at this premium and metal should head to China to get better returns no ?
@hajiyev_rashad no wishy washy, no ifs and buts. you are very straight in your assumptions. you may be right or you may be wrong but you are not afraid to acknowledge it. Hats off !
@KarelMercx somewhere between
2.5-5.0 billion ounces (75-150.000 mt) much less than golds above ground stock of 220.000 mt so if any money comes from bond holders or stock holders then it will be impossible to predict a price for silver therefore we may see much much higher gsr and getting
@KarelMercx Karel perfect summary with no exagerations. my only point is to item 5 where you mention total market value of xag being 5 trillion, believe this comes from 1.6 mio mt produced since day one human history however although no one knows for sure above ground stocks
said to be
@ASX__Trader very well said ! have been investing in silver for the last 10 yrs. My exit plan is when : dow / gold ~3, philadelphia gold index / gold - 30% and gsr ~ 25. This is when part of physical silver will be converted to physical gold and gold / silver equities to be converted to us
@TaviCosta Obviously the precious metal stocks (especially silver stocks) may have much higher relative valuation should the above scenario comes to life which i believe it will in the next few years. We will hopefully live and witness…
@TaviCosta Dow/Gold ratio could return to 1 like in 1980. But today’s Dow is ~50% tech & financials, unlike the industrial-heavy Dow of 1980. A more realistic theoritically calculated target ratio is ~4 — still implying gold could 3–4x in relative value vs. the Dow (13 today ÷ 4 = 3.25x).
@MehmetEfe_Caman Sizi takip ediyorum ancak bu tur paylasimlariniz “provokatif” olmaktan oteye gidemiyor ve kanimca herhangi bir amaca da hizmet etmemekle beraber, diger konularda yaptiginiz cokca da hakli oldugunuz yorumlarinizin da degerini dusuruyor diye dusunuyorum..
@Oliver_MSA Thanks. I do remember trade to 24.92 was also mentioned as a QM breakout in one of your previous reports. Considering we have seen 25,00 already, do you think we need weekly confirmation as well ?