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Gold/Silver Ratio Increasing

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Pillar of the Community
traevin's Avatar
United States
1454 Posts
 Posted 06/29/2012  12:51 am  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply
I was about to tell you how much I disagreed with your assessment of exchanging silver with gold with the ratio being so screwed right now, Hawk. But the more I thought about it, the more I realized you were probably right. Great post!
Pillar of the Community
Silverhawk74's Avatar
United States
3670 Posts
 Posted 06/29/2012  01:50 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
I know I come up with off the wall crazy ideas and thanks T and CW, but really gold is a safe haven in my eyes and has been for eons....

If my worse case scenario mentioned did come to pass, one could trade back into silver before that ratio shrink-ens and silver and gold start to move back up again to diversify again....

Bottom line is I don't feel safe in silver when it is ONE PENNY under 30 per oz., but that is just me. Many of you love these days and wait like a turkey hunter staked out under a tree for lower prices to add more, and again in WAY better position to do so then I....

As I need to keep sellin to stay a float for now, just is what it is for the time being....
Edited by Silverhawk74
06/29/2012 01:56 am
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Ed_B's Avatar
United States
4008 Posts
 Posted 06/30/2012  6:00 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
Keep in mind, friends, that whichever metal you choose to stack will be WAY better than un-backed fiat currency! We can look at history to see how it has done in the past when the economic and financial condition of the US was MUCH better than it is today.

Had to laugh at the Kitco chart that was linked to this discussion. Did you guys notice the palladium prices of around $180 per oz.? Lol!
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