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 Replies: 37 / Views: 5,380 |
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Valued Member
United States
299 Posts |
oden, I would take that trade if I had a 95 something.
TenS - that twenty year supply must be based on estimates of what is proven in the ground. There is about one and a half years already in the market, and since new supplies keep openning, there is no way to know the limits of the undiscovered and unproven supply.
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Valued Member
 United States
425 Posts |
Thanks Piffin, I'll get a 1995 soon! With Gold and Silver so high right now I can not afford to buy Gold. I bought Silver back when it was $10 an oz. or less, so if I trade 50 oz.'s of silver for one oz. of Gold then its like getting the gold for $500......and that does not hurt as bad!
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Valued Member
Canada
442 Posts |
I'm fairly bullish on silver as well, mostly because 1 oz of gold can almost get you close to 50 oz of silver. With that ratio, Silver seems to be the better choice. Hopefully one day it will get closer to 20 or 15 to 1 silver:gold, then perhaps I might trade in a few Silver Maples for some gold ones.. and even Platinum? :P
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Pillar of the Community
United States
511 Posts |
Gold is good, but silver is better at the current ratio.
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Pillar of the Community
United States
3184 Posts |
I'm all about diversity and like both and would recommend someone stack both.
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Valued Member
United States
425 Posts |
As of close today the ratio is 39.75 silver for one oz. of Gold!
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Valued Member
United States
89 Posts |
Personally, I think gold will never lose it's value. Hell, it's been around for thousands of years without losing it's reputation. It's known to last a long time, not rust, and be worth a lot. Kings and Queens have been using gold as currency for as long as people remember. Silver on the other hand, is a bit more risky...
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Valued Member
United States
425 Posts |
Quote: "Personally, I think gold will never lose it's value."
Well, it lost over $33.00 just today!
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Pillar of the Community
United States
3670 Posts |
Don't let that 33 dollar drop lure you into thinkin gold will fall in the long run, as it was a bad day, but again just one day. It may fall some more yet, via the middle east and the reactor situation perhaps, but if anything it is buying us all some time to get some more....
I prefer 1 10 of an oz size gold as do most, but 1 20's are more economical for me, and now you can get one again for a bit less than a C note, shippping and handling included....
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Valued Member
United States
89 Posts |
Quote:
Well, it lost over $33.00 just today!
Well obviously gold has it's good days and bad days. I'm talking about longterm price. Can you name a time when gold was worthless not including uncivilized people? |
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Valued Member
United States
425 Posts |
As of close today the ratio is 38.5 silver for one oz. of Gold!
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Valued Member
Canada
442 Posts |
^ unbelievable how silver has been going these days.
20:1, and I may get some of the yellow stuff!
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Valued Member
United States
61 Posts |
I was told a long time ago about the value of precious metals as an investment and their long-term value.
In 1920, you could buy a good suit with two pair of pants for the priceof an ounce of gold. You can do the same thing today.
There is something to be said for intrinsic value no matter how many dollars are involved.
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Pillar of the Community
United States
1450 Posts |
That is the way you need to look at PM's! They will hold their"value"regardless of cost. They represent"buying power". Silver is a little harder to predict than gold because more is produced but some is"consumed" making supply more fluid.
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Pillar of the Community
United States
3184 Posts |
I like both and would stack both :)
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Replies: 37 / Views: 5,380 |
First Page
Posted 02/13/2011 4:26 pm
