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 Replies: 23 / Views: 2,883 |
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Pillar of the Community
United States
4008 Posts |
Quote:
One of the biggest advantages of 90% silver coins is that they are RECOGNIZABLE. On the whole, I agree with your comments, Merlin. Problem is, there are also a lot of people out there who don't even realize that US coins no longer contain ANY silver or what an ASE is. There is a hilarious video on You Tube where a guy drives around, showing people an ASE and asking if they they would pay $5 for it even though it says "1 dollar" on the ASE itself. Most do not recognize it and none of them said that they would pay $5 for it. At the time, silver was in the $20-25 per oz. price range. Naturally, these same people would also not recognize a gold coin of any kind either because they have never seen one. In a SHTF scenario, though, it would not take very long at all before people with no knowledge of PMs or collecting began to recognize real money when they saw it. |
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Pillar of the Community
Canada
1502 Posts |
Always get a kick pulling out a $20 silver maple leaf and trying to start up a conversation. Only every once in a while do I get that wide eye look though.... most aren't interested.
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Pillar of the Community
United States
4008 Posts |
Quote:
Only every once in a while do I get that wide eye look though.... most aren't interested. Heh heh... using my very best Yoda voice imitation here, "They will be... they WILL be!".  |
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Pillar of the Community
United States
2168 Posts |
With the gold/silver ratio being over 50 to 1 and being out of kilter with the historic 16 to 1 now I think is more the time to trade Gold for Silver. Platinum is also out of kilter to gold being less costly when in is rarer. Of course just my thoughts. Do what is nest for you
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Pillar of the Community
United States
4008 Posts |
Actually, those thoughts seem perfectly reasonable to me. At a G/S of 50, we are at the higher end of that spectrum but there is no law preventing that from becoming 80 or even 100. If it runs the other way, more towards the traditional 15 or 20, then would be the time to do the reverse and swap silver for gold.
Yes, platinum is cheaper than gold now for about the 2nd time in the past 40 or so years. This is a rare event. It makes me want to buy some Pt. So I searched the 4 web sites that sell PMs and what do I find...? Very little Pt is now available. The 1 oz. bars are very difficult to find. Most dealers with whom I deal are "out of stock" or "delayed". :-/
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Rest in Peace
United States
9104 Posts |
Plenty of contracts out there, sell ten gold, buy 10 pt.
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Pillar of the Community
United States
3294 Posts |
Angel,
I am always hearing about this historic 16 to 1 silver to gold ratio, but how often in the last 100 years has it actually had a 16 to 1 ratio?
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Pillar of the Community
United States
2168 Posts |
I think part of the reason that PM are out of normal ratios has to do with paper not backed by the PM. I honestly don't think the paper backed by the faith and trust of the govt is just not enough to withstand all the turmoil. Of course like I said just my thought and yes as we are seeing Anything can happen gold platinum spread about $150 with gold still higher. Another buying opportunity or trade. I will keep watching the mint site later this week to see if the eagles go down some more.
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Replies: 23 / Views: 2,883 |
First Page
Posted 10/01/2011 05:22 am
