October 26th 2024
Saturday, which means gold and silver prices are resting
I have not done one of these posts in a while, based off just memory alone, the ratio was around 1:88
With gold at $2,748 and silver at $33.70 we have a gold to silver ratio of around 1:81.5
The way things appear, this could be just the beginning
The predictions out there can get wild, some even saying silver will be 1:1 with gold due to the fundamentals
But imagine 1:1 means gold will plummet, not silver sky rocketing, that would be pretty dramatic and unrealistic, but kinda funny when the 1:1 prophecy comes true and everyone is ruined lol
But I think silver shooting up 60x is more likely to happen than gold crashing 97% but I am not hold my breath for that
I just find it wild that a tube of silver maple leafs will be worth enough for a down payment on a cash flowing 4plex…
Wilder thing have happened before but the euphoria would be intense for us stackers
Would you be able to sit there as silver goes over $1,000 and not sell any as it rides up to $2,000?
If that wild 1:1 call comes to pass will you even have any silver left ?
It’s easy to say you wont sell something but everyone has a price.
You don’t want to round trip these cycles, nothing wrong with moving things around when something becomes overbought, its time to sell, at least some