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 Replies: 23 / Views: 2,882 |
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Pillar of the Community
United States
619 Posts |
I've been stockpiling silver lately, and have a good bit. I've bought quite a lot below melt just from roll hunting, ebay and pawn shops. I'm now tempted to sell a little of it and buy some gold. Would that be a good idea at this point? I'm thinking maybe a 1/10 ounce AGE or something similar... |
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Valued Member
Canada
442 Posts |
I'm in the same boat, lots of junk, and other ebay purchases at below spot. My plan is to start trading it in once the GSR hits 30:1. Maybe try to get 1/2 oz of gold, then again if it goes to 25:1. If not, then I'll just hold silver for a bit longer. |
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Pillar of the Community
United States
1026 Posts |
Well if you look at the price of silver and then gold over time not sure how much time silver I think will hit $100.00 per ounce maybe more in the long run.
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Pillar of the Community
1283 Posts |
I think gold is a much better bet over time. I have a lot of silver but have been diversiving for the last 6 months. If I were you I would save till I could afford at least a 1/2 oz coin or bigger. The premiums on the little boys will kill you in the long run. My suggestion would be a $10 Indian or Liberty I have been able to find them at melt at coin shows and flea markets.
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Pillar of the Community
United States
3670 Posts |
Sometimes I think, hey sell all my silver and turn it all into gold. Then I remind myself diversity is good, and as gold keeps climbing, silver will follow....
Edited by Silverhawk74
07/19/2011 1:43 pm
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Pillar of the Community
United States
1026 Posts |
Silverhawk74, I agree I have way more silver than gold I also thought of cashing in my gold for silver and make allot of money and also selling my silver and getting more gold. But I think having both even though I have more silver is smart. One big think I keep telling myself is that since gold is worth so much per ounce silver will be allot easier to sell or use for trade should the time come.
If you wish to trade gold for a bag of food it will be worth to much and they will not have the change and who wants $2000.00 worth of food at once.
Hardly anyone will be able to buy your gold either
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Pillar of the Community
United States
4008 Posts |
Quote:
Hardly anyone will be able to buy your gold either I think that silver is MUCH more useful for our day to day purchases in bad times than is gold. Gold would be very useful for the purchase of large items, such as a home or land, though. That said, a black market for the exchange of gold and silver would very likely develop quickly. Those of us who hoard PMs will be in an excellent position to provide that service and make good money doing it.  |
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Pillar of the Community
 United States
619 Posts |
I went ahead and did it. I took some bent, scratched, and junk coins and got a good deal on a 1992 1/10 ounce AGE. I paid $6.50 face value (about 4.6 oz.), and even got a display case for free.
Edited by CPC24
07/20/2011 11:43 pm
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Pillar of the Community
United States
3670 Posts |
Good point on the silver being more affordable compared to gold in the days to come, but in a real SHTF situation, perhaps one could buy land with some gold even with a home on it, something not possible in normal times, who knows....
I to have more silver than gold via 72 oz. of silver v/s 40 grams of gold....
Edited by Silverhawk74
07/20/2011 10:54 pm
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Pillar of the Community
United States
4008 Posts |
Quote:
but in a real SHTF situation, perhaps one could buy land with some gold even with a home on it, something not possible in normal times, who knows.... I've been eye-balling some nice lake property hereabouts as a possible vacation home. I'm thinking that in very bad times, such property could be had for MUCH less than it costs today. Having a sizable silver and gold hoard could well provide an opportunity to buy at what, for me, would be a relatively small cost. $10-15k worth of gold at today's prices could very well do it for those who MUST have some spendable money and property is their only asset. With few buyers around, it would be a ferocious buyers market. |
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Pillar of the Community
Canada
3692 Posts |
You want gold to be lower and you want the ratio to hit 32-33 like it did a couple of months ago. You're better off buying gold as it dips back into the 1580s.
Ed_B: I think that one could buy a jalopy with an ounce of gold to get where they need to be if SHTF. Honestly, though, I think that barter items will fare much better than gold or silver if that were to happen. One day we may see more pawn shops than banks.
Stack both metals evenly over time. You don't want to be tricked into trading 60 ounces of silver for a single ounce of gold in the future, only to find out the ratio is in the 50s later.
Premiums on the small coins are there for a reason. I would definitely prefer 10 X 1/10 over 1 X 1 if I had the equal choice - the reason being that they can be used much better in commerce. If that's all you can afford during the month then it's not truly a setback since you can't afford the full ounce. Everyone wants a bargain but the amount must be bulkier.
Edited by Libertad
07/22/2011 12:10 pm
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Pillar of the Community
United States
619 Posts |
Most of the coins I traded in I found in rolls or Coinstars, or just got a good deal on. I still prefer silver, but I had to have a bit of gold for my collection, and to diversify.
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Pillar of the Community
United States
4008 Posts |
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Ed_B: I think that one could buy a jalopy with an ounce of gold to get where they need to be if SHTF. Not sure what that means but I was referring to people who need to buy food or perhaps medical care and do not have anything to do it with other than property. 1/10th oz. of gold or 5 oz. of silver should have about the same buying power, yet the silver is more easily divided via dimes, quarters, and halves than even that 1/10th oz. of gold, let alone the larger gold coins. But... to each their own. |
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Rest in Peace
United States
9104 Posts |
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Pillar of the Community
United States
3184 Posts |
Gold is less volatile percentage wise......trade some silver in and get a quarter oz gold eagle or maple.....you won't regret it and might be hooked on gold. :)
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Valued Member
United States
302 Posts |
One of the biggest advantages of 90% silver coins is that they are RECOGNIZABLE. People trust what they can recognize. And being easily divisible is probably the second best advantage.
Bullion of any type and gold coins are really too EXOTIC for run-of-the-mill transactions. They are not recognizable, not easily divisible, and worth too much each.
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Replies: 23 / Views: 2,882 |
Posted 07/19/2011 09:31 am
