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05-14-2023 , 10:07 PM
#26
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A_C_Slater
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Carpal \'Tunnel
Join Date: Oct 2004 Posts: 8,343
https://www.macrotrends.net/1437/sp5...ld-ratio-chart



I follow the SNP 500 to gold ratio chart when deciding when to buy. The current ratio is 2.04 (4134/2021) I would buy above 3 and though I would personally never sell all my gold, I would trim some holdings if it falls below 1. At 2.04 it is just a hold, but a buy if you have zero gold.
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05-14-2023 , 10:16 PM
#27
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A_C_Slater
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Carpal \'Tunnel
Join Date: Oct 2004 Posts: 8,343
Quote:
Originally Posted by wreckem713
Do we sell when the Uber drivers start shilling it or is a 2p2 thread the first sign of a top?


I have seen guys in Vegas and Michigan holding up "Cash for Gold" signs lately. If the brick and mortar guys are paying dudes to hold up a sign to get their hands on your gold it can't be a top. If THEY want you to sell then it must be right to at least hold.
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05-15-2023 , 01:17 PM
#28
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journeyman
Join Date: Feb 2023 Posts: 220
Quote:
Originally Posted by A_C_Slater
I have seen guys in Vegas and Michigan holding up "Cash for Gold" signs lately. If the brick and mortar guys are paying dudes to hold up a sign to get their hands on your gold it can't be a top. If THEY want you to sell then it must be right to at least hold.
Its basically a grift. Remember "Cash for Gold"?

"We will send you an envelope, then you put in your gold and send it to us and we send you a check!"

That was literally all there was to it. Nobody even asked how much they'd be paid, they just dutifully sent in their gold and were sent a check for a small fraction of its actual value.
That's what 'we buy gold' places do, too. When gold gets high, their margins are enough that someone can be happy getting $114 for ring the buyer can send into the refiner and get $259, that day
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05-15-2023 , 08:49 PM
#29
BrianTheMick2
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Long way to go and a short time to get there.
Join Date: May 2012 Posts: 19,410
Quote:
Originally Posted by A_C_Slater
I have seen guys in Vegas and Michigan holding up "Cash for Gold" signs lately. If the brick and mortar guys are paying dudes to hold up a sign to get their hands on your gold it can't be a top. If THEY want you to sell then it must be right to at least hold.
That has been true for at least the past 40 years, so not really a correlation.
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05-25-2023 , 12:44 PM
#30
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wreckem713
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old hand
Join Date: Apr 2019 Posts: 1,395
This would be an interesting development

https://www.zerohedge.com/crypto/nex...magines-dollar
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