Buying Power and the gold:silver ratio
I forget who’s post it was I read earlier (so much action on ssg!) but it was about trading gold for silver right now — yeah you! With the six Krugerrands. [@getonthetrain]
Anyway, this helpful steemian provided another key reminder that the ratio is pretty freaking high right now! Not only that, but motherfucker cashed out 6 x 1oz gold Krugos and turned them into a flock of kilo Kookaburrahs and a fat Koala and a ten bar, and a hundred bar, and, and, and — WTF? — Gold is spectacular and all that, but why is the greatest element around: a strategic metal and an electron super-conductor going for scrap prices?
I have been buying like a fiend! Both gold and silver, but i think i’m turning on the silver jets!!! That’s not to say i won’t continue with the fancy pieces, the poured pieces and the fancy yellow shiny...But!...I think it behooves any serious stacker to look at the long game right now. Buy silver @ 78:1 and then buy gold when ratio drops below 50:1 — Pretty fucking smart i’d say!
I was also enamoured with some smutty coins buggedout was flipping heads over tails, so i did a little search... and damn if me cockles weren’t greeted with delight!
That’s a pretty nice looking cougar!
Brief pause... check out my iPhone photography:
...and now check out the reverse of the Coug’
So yeah, what was i saying? Prolly just “buy more silver” and/or “Bitcoin to the moon!”
...i seem to remember something about “buying power” but you’ve heard it all before... be greedy when people are scared, and scared when people are greedy. For sound investment strategy in the metals i believe it is smart to also acquire the “flip” ounces — the one’s you’ll flip into gold. And for this it is smart to have an ample supply of “simple” ounces — whatever those are to you — but the one’s that have no story attached, just pure investment grade bullion...
⚡️👊😎⚡️
Cheers! from @thedamus
Yeah, I guess silver will be mooning in 2018, or at least we cannot go to the moon again without it. Or perhaps we could... I do not know that much about silver in rockets, but the high tech industry (I used silver a lot in various research methods) is heavily dependent on silver.
Come on down!!! We have another winner!
Gold is indispensable to the part for those obviously silver take the place with those @thedamus
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@thedamus Those guys in Arizona like @getonthetrain and that other NOOB @stokjockey, they know their Stuff when it comes to the Gold Trade for Silver Ratio.............Silver is so Screaming to be Bought............
Yes. It is seriously time to start selling off some organs or something to get more!
I appreciate the insight, and I'm with ya intellectually, but I need me some shiny yellow! I just have to have it!!!!
You too have stackitus! And it sounds like you have it bad...
You're right on the money dude! Have a nice pile of just bullion, the ratio will change some day.
That and buy as much EOS as you can get your grubby little mitts on!
eos hey? Already been in and out a couple times... you have any new specific info fat-e?
Well, it comes online June1. But recently announced a new crypto IQ "airdrop" for all EOS hodlers. I think it could be a great deal right now! But hodl till after the chain release. I just got my wallet registered, it was a learning curve for me,lol.
K cool! Thanks bro.
I have a modest investment in EOS but keep them in MEW so do i have to register that wallet to get the airdrop?
I was well impressed with the EOS presentation at the weekend i can see why they call it the ethereum killer, its going to be a massive coin this time next year
Yes, I believe the airdrop will occur right after the new EOS tokens are replacing the erc20 ones, you may not get the new ones if your wallet isn't registered!
yea i sold my EOS because I am scared for what happens when you have to trade your current EOS for the new EOS on its own blockchain. I don’t know how that will go.
Yes, I am a bit unsure, but after I registered my wallet on myetherwallet the new EOS wallet and my current ether wallet show as linked, so it looks like it should work.
where do you get the EOS wallet
I transferred it to my Exodus wallet. Then registered it's address through myetherwallet.com for the EOS transfer, supposedly to be on June 1, 2018
Nude Silver coins? I never knew since a thing...
Converted that SBD into ETH and have an order of only 8200 waiting to get filled. The price has almost x3 on us ffs. If the price goes up more, this should soften the blow :)
Great post bud
Cheers UK!
Mutha fukers keep jumping infront of us and im starting to waste to much time on this really slow exchange. lol
edit in - we got 7650 BTCS
Set a higher price and just burn up the book! If this thing is gonna’ pop who cares about a point or two...?
Maybe place a lowballer too.
The gold to silver ratio definitely suggests that silver is undervalued. As you said, Silver is a strategic metal. Our modern world couldn’t function without it.
Now cougar coin too 😀
Now that is one topless item i could keep in the house without the wife minding it was there 😉
“It’s an investment baby!...” you obviously have stackitus!
Hahaha I got some silver coins with boobies on them coming right now so keep it locked! 😎 My advice is buy silver and gold, as much as you can for aslong as you can afford to
I bet you do! Can you bring ‘em to school tomorrow and show me at lunch?
😁🛶👹
hahaha
