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 Replies: 20 / Views: 2,805 |
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Pillar of the Community
United States
4008 Posts |
Interesting approach, Hock. Thanks for sharing.
Another approach that I have seen used is to spend an equal amount on stacking gold and silver. So, if a person were to buy an oz. of gold, their next purchase would be whatever the gold cost in silver. Not a bad plan either way, IMHO.
As for myself, I am still watching the price of gold and drooling. It seems to be stuck in a trading range of about $1550-1600. It would be nice if it were to drop below $1500 but that doesn't seem to be in the cards at the moment.
Also, the price ratio of gold to silver is also a real obstacle. At around 55-56 to 1, it is making silver look quite cheap and gold somewhat expensive. I dunno... maybe that's just my view. Anyone else care to comment on this aspect of PM collecting?
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Pillar of the Community
Canada
1723 Posts |
Im getting there slowly too. Have 15oz silver and 1/2oz gold. :-)
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Pillar of the Community
United States
808 Posts |
Outstanding accomplishment, Hockingzig. That's also a nice way to balance out your PM buying. I keep wondering if I'm too focused on Ag since the Au price dip is looking more an more like a great buying opportunity. Again, nice job!
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Pillar of the Community
United States
3670 Posts |
Nice stash numbers, not far from say 12 an 200 eh....
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Pillar of the Community
 United States
1450 Posts |
Hawk,my goal is 15 gold and 225 silver. I hope I can do it in 2-3 years but I am not holding my breath. I have an annuity I would love to convert to PM's but the taxes to get to it would kill me if the tax dilemmas looming at the end of this year come to fruition. It is tough to make decisions these days with all the uncertainty.
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Pillar of the Community
United States
4008 Posts |
Quote:
It is tough to make decisions these days with all the uncertainty. I can understand that and yet, uncertainty is the essence of life, for what is truly certain in life? Not much at all when we really stop and think about it. I have come to believe that "certainty" is a comfortable illusion that many of us wrap about ourselves as protection from that which can strike at us at any time and from any direction. Best we can do is to make the best decisions we can with the info that is available to us and then let faith carry us the rest of the way. As to PMs, no there really is no certainty involved in them. They are volatile and unpredictable but we love buying and owning them all the same. The good news is that owning them is better than not owning them. If we can just get past the idea that we have to buy them at the cheapest price and then sell them at the highest price, we will be fine. Hang in there, guys and gals... keep stacking and remembering that owning PMs is better than not owning them... a LOT better!  |
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Moderator
 United States
15489 Posts |
I am not a PM hoarder ... but happily report that my silver/gold ratio is more like 1:6 ... Excluding my collectible, graded coins ... I have 2 total ASE ... Way back in 2001 (March through August by my records) ... I purchased at my local dealer a total of 12 ounces of bullion gold ... $50 AGE, 1 oz Maple Leaf, etc. Paid an average price (fees and tax included) of $292 per ounce. I still have the gold ... and still have those ASE somewhere. Not really looking for more PM ... and missed the market high to sell some of the gold. Suppose I'll hang onto the gold and see what happens ... did just fine over the previous 11 years.  David |
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Pillar of the Community
United States
2120 Posts |
Im a little closer to 150:1 |
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Pillar of the Community
United States
1450 Posts |
Nickelsearcher,don't forget to include all those "extra" War Nickels in your silver calculation! |
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Pillar of the Community
United States
5833 Posts |
I bought some gold also in around 2001 for great prices like Nickelsearcher, sold over 6 oz. in the last year or two when gold was high, spend some in stocks and switch over to buying 2,000 junk silver Mercury dimes and sold those when silver almost doubled. I notice lately though that it has stable somewhere between low $27 to mid $28 range, will have to hold the last batch I bought till the next high. One good thing I found in the last batch was that 1942/41 D dime, so I may flip it over to get a better one. I am also slowly buy gold with some collector value, but have to watch out for prices as there's not much room for growth like silver. |
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Pillar of the Community
United States
1454 Posts |
3760:1, which means there's something distinctively non-golden about my means.
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Pillar of the Community
United States
4008 Posts |
I have to report that my silver to gold ratio is infinite... so far. Mucho silver, zero gold. :-/
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Pillar of the Community
United States
5833 Posts |
19:1 or 20:1 is where I stand today.
But I think silver have a better chance in the long run?
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Pillar of the Community
United States
808 Posts |
1650:1 And no, I've not joined the 1k ounces of Ag club.
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Pillar of the Community
United States
4008 Posts |
Quote:
And no, I've not joined the 1k ounces of Ag club. Something tells me that it is only a matter of time.  |
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Posted 05/30/2012 9:22 pm
