Hello folks, ever heard of the silver to STEEM ratio before? Im guessing not but maybe someone has done this before. I was writing my post yesterday and looked into the silver to STEEM ratio for something and was blown away at the ratio change with the past 9 months. I really wish i had the time to do a proper chart with monthly ratio's for the past 2 years but not today, that is a fun project for another day. I would really like to do it but i gotta go back to work in 10 hours and i still need to cook and eat something, get a shower, go to bed, try to sleep for 4-5 hours, wake up and cut the grass before i head to work. The silver to STEEM ratio chart will happen over the weekend when i have more time, i sorta wonna see how it compares over 2-3 years and i enjoy stats.
What is today's ratio?
Right now for 1oz of silver at $ spot price you will get 101.91 STEEM.
1oz silver of Silver would have got you.......
96.47 STEEM on the 1st of January 2017
5.45 STEEM on the 1st of January 2018
59.33 STEEM on the 1st of January 2019
Pretty interesting stuff. STEEM went to over $8 during Jan 2018 which brought the ratio to 2.125 STEEM for an oz of silver. This has just come to my mind and i dont know why but about a month after joining Steemit, i bought a 200th Ann gold sov for around 400 STEEM which was around $360 at the time which was really cheap considering this was a sold out on the first day limited coin selling for around $600 on eBay. I asked the guy selling why so cheap? and he replied that e knew STEEM was going to go and it was good branding for him to offer an amazing deal knowing i would do an unboxing post. I remember that when STEEM was sitting at over $5 DMing him to say he had played the game well. I hope he cashed out while he was ahead. Anyways, there's a random story for ya'll.
What do you think about the silver the STEEM ratio?
It's a really good time to convert some silver into STEEM but then again, maybe it's safer to just hold your silver and stack on to foook. Silver is mooning right now, crypto has hardened us and dumbed us to 20% gains in 3 months. If silver had gone 20% in 3 months 5 years ago i'd have been checking the price a few times a day and getting a plus 2% felt epic. I will do a proper chart for the ratio for the past 3 years and lease it within the next few days. I dont even really care if anyone wants to see it, i sorta wonna know myself, baaa-ahahahaha