Silver Power!

I agree with both of you,silver is about to take off. Gold has me a bit worried though,seems to have lost steam. As I watch the dollar index in relation to gold it looks like a lot of selling going on. I read an article the other day that in India folks are selling gold and converting it to silver,but then,the Chinese central bank is slowly buying gold,hmmmm. Maybe it is time for some profit taking on half my gold and convert it to silver,what do you all think?

Gold has been going forward 25 and pulling back like say 15, more of the two steps forward one step back. Settin at 1472 like 30 seconds ago, and I expect 1500 an oz here before the month is over. I only have 12 grams of gold, and I have thought like you above on selling an converting into silver, but alas it is such a small amount, not really worth the time an effort for just over half a grand in gold. I think I will hold on, mainly keep buying silver, and add an occasional small gold coin when I can when priced right. Like Ed B keeps saying.... He wishes he had got into gold back before it doubled then tripled in price, so I figure if 5000 dollar gold will happen one day, and I believe it is a question of when not if, then a person has to take a stand an say the heck with it, and I am buying gold at this price, and just deal with it....

And the big point here folks, silver is creeping torwards 42 an oz as we speak, "I think I can, I think I can!", lol....

Libertad: What do you expect in the bullion section? Especially since its obvious it is outperforming all other bullion lately.

No I feel you Libertad. I have been to obsessed with it as well, just let it go where it is gonna go eh....

You know when you think about an issue to much, you will dream about that subject, and you know you are thinking about it too much. I dream about silver, buying it, they are meaningless dreams that just go no where like an endless circle, but hey, at least I don't dream about scary things, like falling off a building an waking up at last second, or whatever....

I did the same thing with playing chess, trying to figure out a way to push that rating up, which is just another great math formula for copulating wins, and of course wins vs. higher rated players, results in more rating points won. Eventually, I realized I can beat a 1800 to 2000 rated player like 1 out of 20 tries, and that just is what it is, and I am not gonna get any smarter. Bobby Fisher was well in excess of 2400, which is the level for a grand master....

I think it is that buzz, which pushes silver closer an closer to main forum water cooler talk if you will however, which I am not sure will be a good thing or a bad thing for us coin/bullion collectors. I recently ran into an old buddy from about ten years back, and he told me after we chatted for a bit, that he had been surfing silver an gold a bit, and was wondering what was the best way to acquire it at a good price, so it is creeping into the conscious of every day people....

Remember, to first have gotten here, you had to find your way here yourself, which is not possible minus a computer, Internet connection, and a tiny bit of search engine knowledge. As it is unlikely you just stumbled upon it, and if you did, you were searching for coins or bullion to begin with. That puts us all a wee bit ahead of the curve IMO....

I do wonder when the ceiling will be hit by silver. I have sold some large sums in the last few months and recently my dealer had taken in over $30,000 just today in silver! Makes me wonder when the selling will out weigh demand. He told me he has taken in so much in the last several months it's getting harder for him to find a buyer for it all.

I strongly agree, Hockingzig. Gold has had a great run from around $250 in 2001. It has gone up nearly 500% in the past decade, so could be nearing the end of its most recent run up. Unfortunately for those of us who try to figure the gold market out, there are so many wheels within wheels where gold is concerned that it is difficult to tie price moves to any particular action that we know about. That said, I would think that at this stage of the PM rally, silver still has more room to run than gold has on a % basis.

If silver does continue its run, it is likely that the gold:silver ratio will decline because silver is rising faster than gold. When it seems to be flattening out, that will be the time to cash in the silver and buy gold.

All IMHO, of course. YMMV.

I agree, Silverhawk. I also think that gold will slowly rise to higher levels, although there may well be some backing and filling between now and then.

Anyone who is into collecting bullion for the long haul doesn't worry about the price because they know that they will be buying in at various price levels over time. This is no different than dollar cost averaging into a stock or mutual fund position.

I picked up $1000 in crisp new $100s at my CU today and will be on the prowl at the local coin shop tomorrow!