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 Silver Coins, Gold, and other Bullion Metals
 Selling Gold to Buy Silver		  New Topic  New Poll New Poll
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PennySaved
Penny Collector Member


361 Posts
Posted - 11/04/2009 :  09:35:28  Show Profile Send PennySaved a Private Message  Reply with Quote
Are any of you planning on selling off some of your gold to buy silver? Now that gold has skyrocketed, the gold to silver ratio has changed.

Country
1000+ Penny Miser Member



USA
1617 Posts
Posted - 11/04/2009 :  09:46:53  Show Profile Send Country a Private Message  Reply with Quote
The GOLD/SILVER ratio has been holding around 60-64 recently. I think SILVER has a lot of catching up to do. When GOLD first hit $1000 last year, the GOLD/SILVER ratio was around 50. From a decades wide view, the GOLD/SILVER ratio was last below 20 during 1980. However these days, GOLD seems to be perceived as as a pure investment choice, while SILVER seems to be perceived as an industrial metal and a PM.

I'd add either to my stash as I find good values.
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beauanderos
Penny Collector Member



USA
396 Posts
Posted - 11/04/2009 :  09:49:15  Show Profile Send beauanderos a Private Message  Reply with Quote
I'm planning on selling some 1oz eagles to buy bags of junk when the ratio gets above 70, if it does.
Hoard now and hold on!

http://coppermillions.blogspot.com/
Edited by - beauanderos on 11/04/2009 13:39:00
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Lemon Thrower
Penny Hoarding Member



USA
912 Posts
Posted - 11/04/2009 :  11:49:35  Show Profile Send Lemon Thrower a Private Message  Reply with Quote
shoot me a pm before you guys sell - i will probably give you a better price.
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beauanderos
Penny Collector Member



USA
396 Posts
Posted - 11/04/2009 :  13:39:56  Show Profile Send beauanderos a Private Message  Reply with Quote
quote:
Originally posted by Lemon Thrower

shoot me a pm before you guys sell - i will probably give you a better price.


Will do.
Hoard now and hold on!

http://coppermillions.blogspot.com/
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highroller4321
1000+ Penny Miser Member



USA
1971 Posts
Posted - 11/04/2009 :  22:37:59  Show Profile Send highroller4321 a Private Message  Reply with Quote
Like country said the ratio really hasent moved but 1-2 points. I traded all my gold for silver when the ratio was 72:1 : ) I would suggest waiting for 68 or better trade, but thats just me.
Copper penny Investing
www.portlandmint.com
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oober
1000+ Penny Miser Member



USA
1051 Posts
Posted - 11/04/2009 :  22:59:54  Show Profile Send oober a Private Message  Reply with Quote
If your looking for some dollar cost avg trading.

http://realcent.forumco.com/topic.asp?TOPIC_ID=10845
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Nickelless
Moderator



USA
4393 Posts
Posted - 11/05/2009 :  03:43:31  Show Profile Send Nickelless a Private Message  Reply with Quote
The only gold I've ever bought was a 5-gram .999 bar from APMEX, which I later traded for 12 oz. of Ag. I probably won't get into gold until the ratio drops below 40 to 1.


Be prepared...and prepared to help: http://www.survivalblog.com/charity.html

Are you ready spiritually for hard times? http://www.posttribrapture.com
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