Quote from: OROBTC on December 10, 2016, 03:36:55 AM

Actually, IMO, silver is unlikely to get back to its historical typical range of 10 - 20 times less than gold. I think that, given time, gold will go MUCH higher (like your $20,000 number) while silver will be left, relatively speaking, in the dust.

Maybe I read too much FOFOA (ask iamnotback). FOFOA posits a possible 500:1 GSR !!

Completely impossible. Gold and silver move at something like 0.85 correlation and it's much easier to move the silver market than gold. Whatever happens to gold, silver is coming along for the ride. You've seen how easy it is to move the Bitcoin market and the silver market cap is barely even larger than BTC. The fact that Bitcoin is even nearing the silver market cap while not having any real mass adoption is kind of a red flag actually when much of the items you use in your day to day life have silver in it and it's still legally considered a monetary instrument in many places.

The GSR could never go to some ridiculous number like that either because the AISC for a lot of these mines is already near cost of production for both of these metals. People who are familiar with metals also tend to completely ignore gold and buy only silver when the GSR is over 50:1, then dump silver for gold when the GSR is 30:1 or lower. If the price of gold spiked to some insane number and the silver price had not caught up, everyone and their mom will immediately dump gold to buy the undervalued silver. There is no viable situation in the universe where the price of gold skyrockets and silver doesn't.

For actual market analysts and traders, the GSR charts have a hard triple top right under a hard double top, indicating there is nowhere for the value of silver to go except up in relation to gold and that it will likely return to 30:1 or lower in the near future:

After it breaks into the 20's:1 area, that's when people will start dumping silver for gold and it reverses to start the cycle all over again.

If we have a deflationary crash rather than hyperinflation, the DOW floor is around 6000. The historical DOW to gold ratio seems to trend to around 3-5:1, so even in a deflationary crash the value of gold can still go to $2000, which would probably take silver to a 30:1 GSR of $66.

TLDR: There is no point whatsoever in buying gold over silver right now.

TLDR2: Trust nobody, especially some greaseball with a pinky ring named Martin Armstrong