I asked the Brave bowser AI what silver’s 1980 high would be using the old CPI (and John Williams shadowstats method), the answer came back at $600/oz.
Interestingly, the implied Royal Canadian Mint monetary silver-to-gold ratio (via its 1 oz Maples) is 10:1 ($5 Ag & $50 Au). While this is all hypothetical until true price discovery comes, $600 silver and $6,000 gold isn’t that far fetched a scenario.
Thanks Jessie. When it comes to silver, I’m a ‘late’ convert. (2019). And I definitely need the reminders. Constantly. LOL.
Although, I did get notice yesterday of the 2024 annual payout from the privately held gas/oil streaming firm in which we have a 10% stake (and I’m on the board). Revenue down from the prior year but cost of capital is zero (shares inherited from my parents) so no complaints. My wife asked me what I was going to do with the money.
Much to my own surprise, (and certainly to hers) I told her “buy 400oz of silver”. She just shook her head and went to bed. LOL.
Thanks for this timely report. It’ll be a couple weeks before we disperse the money. So I’m selfishly hoping the rocket ship doesn’t take off for a few more days.
I asked the Brave bowser AI what silver’s 1980 high would be using the old CPI (and John Williams shadowstats method), the answer came back at $600/oz.
Interestingly, the implied Royal Canadian Mint monetary silver-to-gold ratio (via its 1 oz Maples) is 10:1 ($5 Ag & $50 Au). While this is all hypothetical until true price discovery comes, $600 silver and $6,000 gold isn’t that far fetched a scenario.
Exactly- everything points to the fact that silver is ridiculously undervalued and that that condition can’t last much longer.
Good report,
Thanks, Phil :)
Thanks Jessie. When it comes to silver, I’m a ‘late’ convert. (2019). And I definitely need the reminders. Constantly. LOL.
Although, I did get notice yesterday of the 2024 annual payout from the privately held gas/oil streaming firm in which we have a 10% stake (and I’m on the board). Revenue down from the prior year but cost of capital is zero (shares inherited from my parents) so no complaints. My wife asked me what I was going to do with the money.
Much to my own surprise, (and certainly to hers) I told her “buy 400oz of silver”. She just shook her head and went to bed. LOL.
Thanks for this timely report. It’ll be a couple weeks before we disperse the money. So I’m selfishly hoping the rocket ship doesn’t take off for a few more days.
I hear you. That’s why it’s important for us silver bulls to stick together and encourage each other!
Wonderful! It’s always nice to see the silver stack grow.
Yes, I feel the same way because I know that once silver inevitably takes off, I’m going to be beating myself up for not having even more. Haha.
Great coverage as ever.
The only thing I would add, is the fact that Exter's Inverse pyramid could be mentioned.
It also illustrates how tiny the Silver Market is .... Market Cap:
Gold $22 TRN
Silver $1.9 TRN
Platinum $248 BLN
Palladium $170 BLN.
Lowercosta.com
Thanks! Yes, I need to think a bit more about where silver fits within Exter’s Pyramid and then write about that more.
Hint ... at the bottom!