Anyone Else Noticing A Very Weak Physical Gold Market? - Page 3

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odentheviking Valued Member United States 425 Posts	Posted 08/26/2012 11:25 am Thank you Ed B and Go Thunder for correcting my comment, it was out of line. I understand that Gold could still go up and up....... all I was saying was from the view of the small PM hoarder like me,(or maybe it is just me!), Gold has reached a peak and has not really moved for some time. Here is what my brain says: If I buy this 1/4 Gold for $450 and hold it for 5 years, will I recover more or less than I could have if I picked up $450 of Silver? I would say that Silver has a better chance of a big break out in the next 5 years, better than Gold, but if I am wrong....... What is more likely to hold its value? Also as a side note, I do not like the Gas price vs price of PM's example, too many variables over the years. The better one I heard was the "Nice Suite", how a really nice suite would have cost you a $20 gold piece and now it is still a $20 Gold piece....... not sure that one is true either? Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 08/26/2012 4:51 pm Quote: Well if it is at all possible, that's the only way I can think of anyway. The good news is that this web site IS a mind-expanding experience, so relax, open your mind to new possibilities, and let the collective knowledge of PMs flow under, over, around, and through you. Report this Post to the Staff
GoThunder Pillar of the Community United States 830 Posts	Posted 08/26/2012 5:01 pm Timothy Leary? Is that you? Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 08/26/2012 5:02 pm You're welcome, Odin. Everyone here has an opinion but it is good when our opinions are as well based in facts as it can be. None of us is alone here. Quote: all I was saying was from the view of the small PM hoarder like me,(or maybe it is just me!), Gold has reached a peak and has not really moved for some time. I would agree that gold at $1660 does seem expensive. Compared to where it has been, it IS expensive! The question facing us, though, is will it get even more expensive in the future? I'm thinking that it will. The price will bounce up and down a lot during the next few years but the general trend is likely to be higher thanks to all of the political and economic problems facing the US and its currency. Heh, I thought that gold was expensive when it was $500 and oz. but there was no way to know for sure that it wouldn't more than triple in price after that! Quote: I would say that Silver has a better chance of a big break out in the next 5 years, better than Gold... I tend to think that as well, even though it is just a guess on my part. Silver prices are more volatile than gold prices, there's less of it above ground, and it has a large number of commercial uses. On top of that, we have a silver to gold ratio of about 54:1, which seems high to me from a historical perspective. It has been higher than that but it has been more often lower than that. The future looks very bright for silver, IMHO. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 08/26/2012 5:15 pm Just to throw my Two Cents into the conversation late. My take on the gold market is that as mentioned the price is certainly affecting it. Not just because of the price itself but the risk involved. WIth silver if it crashed back to 5 dollars you lose 25 an ounce. Not fun but wouldnt be the end of the world. Could have a much easier time selling during the crash and not lose it all too if you wanted. With gold if if crashed you just lost 1400 an ounce. That is a very substantial hit. Furthermore with such a high price if its crashing down the market would be flooded with people trying to unload and no one would be buying until it started to bottom out. The ability to really manage the loss just isn't there as the market would quickly dry up. Theres just a lot more risk in the gold market right now and unlike silver or platinum it doesn't really have the industrial demand backing to help keep it up regardless of the economic factors. It of course could go up and make people money. But its just more risk then a lot of people are willing to take on at the moment. Generally for that kind of money anyway if people were going to take a big risk it would be on a stock that would bring back a much more substantial reward if the risk paid off Report this Post to the Staff
Steele Pillar of the Community United States 1119 Posts	Posted 08/26/2012 8:39 pm I got to thinking about the whole gas comparison idea. In 1960 silver was $0.91 an ounce and that quarter only had $0.164 in melt value. Wow to think of the difference is staggering! Report this Post to the Staff
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