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 Replies: 18 / Views: 2,439 |
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Pillar of the Community
United States
1450 Posts |
One ounce of gold will get you almost 59 ounces of silver(58.7 when I last calculated). It may be time to trade a few ounces of gold for silver and hope silver recovers at a faster percentage than gold. When the ratio reaches 60:1 I will probably "have to" pull the trigger! At that rate,I could almost double my silver hoard with 2 ounces of gold. What do you all think?good idea?or hold onto gold with silver stalled?
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Bedrock of the Community
United States
36800 Posts |
I am going to try to stay 50/50 gold silver. The world is upside down right now and you just don't know where things are headed. Silver is more industrial, gold is money.
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Pillar of the Community
United States
5856 Posts |
Sounds like a good idea! Now, all I need is some ounces of gold...
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Pillar of the Community
United States
5832 Posts |
I side with IndianGoldEagle! 50/50 are more balance. I am looking at goldmart $100 silver Mercury dime lot selling at around $1,950+, may pull the trigger before this week end. My wish list is to get a roll of 1/10 oz. of gold, have to wait to see how gold price react. |
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Pillar of the Community
United States
5856 Posts |
Quote:I am looking at goldmart $100 silver Mercury dime lot selling at around $1,950+, may pull the trigger before this week end. Just don't wait too long, as their premiums keep going up as silver prices drop. I just checked and the premium on those is now $0.70 per ounce over spot (and it was $0.50 per ounce a couple of weeks ago and $0.60 per ounce just the other day). |
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Pillar of the Community
United States
1454 Posts |
Silver is poor man's gold. So I guess I'll be sticking with silver.  |
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Pillar of the Community
United States
1454 Posts |
hockingzig,
Getting closer. It's 59.2:1, now. But I seem to recall it being around 70:1 a few years back. I'm thinking we won't be seeing the ratio hit historic levels anytime soon... or ever again.
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Bedrock of the Community
United States
36800 Posts |
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Pillar of the Community
United States
808 Posts |
The gold/silver ratio says a lot about this crazy market. However, 30:1 or 60:1, silver is always a strong "buy" for me.
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Pillar of the Community
United States
5832 Posts |
barryg,
I notice that also, when silver goes down, the premium to buy goes up, so no additional discount is pass to buyer.
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Pillar of the Community
United States
808 Posts |
Goldmart seems to be the only major online dealer not jacking up their commissions. SML are currently selling for $28.53 each (or $2.09 per coin over spot).
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Pillar of the Community
United States
5856 Posts |
Actually, Goldmart is jacking up their premiums as well, although perhaps not on everything.
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Pillar of the Community
United States
1454 Posts |
If spot prices stay this low for more than a week or two, they'll all come back to earth, or else roost on their silver and gold like starving crows... especially if people are wise enough to wait them out.
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Pillar of the Community
United States
4008 Posts |
Yes, I would agree that silver is a better buy right now than gold. It is this fact that is keeping me from buying some gold. In percentage terms, silver often moves more than gold on both the up and down sides of the market. Also, I need to look at my basic reasons for buying silver and that is as economic disaster insurance and an inflation hedge. Both silver and gold are good inflation hedges but silver makes for better disaster insurance, IMHO, because it is much more spendable. That is, it is easily spent for the small purchases that we all need to make for gas and groceries than is gold. This is not to say that I do not like gold because I do. I just like silver better.
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Pillar of the Community
United States
3670 Posts |
The conservative side of me tells me that the safe move right now is to move all assets from silver to gold, even after jumping from say 55 to 59 now....
Reason being if silver bottoms out in teens (big if 25 is probably bottom from here on out) and takes years to recover it could be bad for many with huge silver holdings, esp CCF members real close to retirement age. Via those with bad timing enough to get in late post Hunt brothers around 1981 and past in like 2010 for example. If you put it all in silver then and were unfortunate enough to pass on before the chance to sell at last years spike for example and reap the rewards so to speak, it would just be a shame. Unfortunately that exact scenario happened to more then we all could imagine....
Not a total loss have you, as often the family and next of kin are taken care of there after when it does spike after ones passing, which is many members here at CCF reasons for starting a hoard to being with....
Gold however worse case in my mind is like 1200 maybe if the bottom falls out again like 2008 around 1000 per oz.....
Now then, if you are all plus five years long term you are still probably more then fine to hold large amounts of silver, but obviously if short term is your plan gold may be the better safer answer for the time being....
If not to make much profit if any but just to be holding idle in a safe haven like gold....
Simply put as volatile as silver is, it is more of a risk then gold. However, the pay off potential is greater with silver so it all comes down how much you are willing to risk and how much do you wish to gain?
And that is the factors that keeps economies of the world spinning....
Edited by Silverhawk74
06/29/2012 12:42 am
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Pillar of the Community
United States
808 Posts |
Very sound analysis, hawk! The shorter your time horizon is, the greater your risk. That's a useful reminder for all of us.
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Replies: 18 / Views: 2,439 |
Posted 06/28/2012 12:37 pm
