Yep wrong symbol in wrong place, I fixed it and clarified. Late Nite, I stayed up watching the Hong Kong Market, thought I was gonna get my trade, it got to almost 93:1 then London opened and things went south fast. I didn’t get to bed till after 4 am. And yes your summation above is exactly correct. I was doing two things at once. (Well three, typing with one finger) watching two web sites. And I mixed up the symbols.I must be misunderstanding, because to me this seems counterintuitive. When the ratio gets higher (95:1), doesn't that mean that you have to give up more silver (95 oz.) to get one oz. of gold? To my way of thinking, it seems like I would want to be able to give less silver for that same oz. of gold. If you could get 1 oz. AU for 50 oz. AG, wouldn't that be a better "deal"?
No worries! I think we were both confused. But I'm used to being that way.Yep wrong symbol in wrong place, I fixed it and clarified. Late Nite, I stayed up watching the Hong Kong Market, thought I was gonna get my trade, it got to almost 93:1 then London opened and things went south fast. I didn’t get to bed till after 4 am. And yes your summation above is exactly correct. I was doing two things at once. (Well three, typing with one finger) watching two web sites. And I mixed up the symbols.
Well in my defense I was a bit excited and on the edge of my seat for about three hours. And well after bedtime. I’m at a time in life where confusion comes a little easier than it used to.No worries! I think we were both confused. But I'm used to being that way.
No apologies necessary! Most of the guys posting in this thread have way more experience than I do and I appreciate all the info I've gleaned here from you and them. I'm still very much a rookie for sure.Well in my defense I was a bit excited and on the edge of my seat for about three hours. And well after bedtime. I’m at a time in life where confusion comes a little easier than it used to.
Sorry about that, I’ll be more aware in the future. When I saw the numbers I just got excited and I’ve been waiting for this for a long time. It’ll happen.
Thank you sir, every time I read it I confuse myself again. I still feel like I have a hangover after being up so late last night waiting for the magic number. I’m hitting the hay in a few I need a good nights sleep.The simplified way of looking at it, you are maximizing your ounces when you are trading for the "least expensive" asset.
1) Trade gold for silver when the ratio is high. ex: 95:1
2) Trade silver for gold when the ratio is low. ex: 40:1
I just picked up another 10 gram gold bar from Monument for 578.57. The last one I ordered was 610.72.I keep thinking "It really can't go any lower" and then it keeps going lower.
I keep thinking "It really can't go any lower" and then it keeps going lower.
Maybe it's better to get something slightly overpriced than to not be able to get it at all?Monument's site just crashed! Must be getting hammered.
It's back up now, but it's sluggish. I had Providence up but man, Monument's prices are quite a bit better right now.Maybe it's better to get something slightly overpriced than to not be able to get it at all?