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wagsthadog
Penny Pincher Member
USA
191 Posts |
 Posted - 10/01/2008 : 21:20:33
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Hi all,
I'm about half into gold and half into silver (with a bit of copper wheaties on the side  ) but anyway, the spot prices of gold and silver seem to be out of whack as of late!
Gold is making huge fluctuations, but even when we had the HUGE gold rally from $750 to $880 a few weeks ago, silver only went up like $2. I know it's not good for buyers to have high silver, but I confess I expected to at least see $15 or $17 silver in that huge rally.
('course, we're still at $1000 gold and $20 silver according to ebay.)
wags
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kavajava
Penny Collector Member
USA
487 Posts |
Posted - 10/02/2008 : 11:58:13
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| the paper silver market is thinner than the paper gold market, thus it is easier to manipulate and keep lower...the actual physical market is between a willing buyer and a willing seller--as you say in your post it is $20 on e bay, and if you try and buy from just about anyone on line, it is the $15 to $17 that you expect (actually, it is really more like $16-$18). |
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starwarsgeek171
Penny Hoarding Member
USA
602 Posts |
Posted - 10/02/2008 : 14:51:52
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At this point, silver is the answer. 11.07!!! Wow! Keep buying, even if it goes all the way back down to $5! This is so exciting!
('course, we're still at $1000 gold and $20 silver according to ebay.)
Very true. |
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Delawhere Jack
Penny Hoarding Member
USA
515 Posts |
Posted - 10/02/2008 : 18:08:23
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Silver, definately......well, maybe gold.....no GOLD, Definately........
I would go with whichever you can get a better deal on, SWG say $5 silver will be great, and it would be, except you'll never get your hands on it at that price. They'll (any commercial vendor) put a $10 premium on it.
The above not withstanding, here's an article to consider, check out the second item, from Ted Butler.
http://dollarcollapse.com/iNP/view.asp?ID=78
Either one will kick the ever-lovin sheet out of fiat! 
Maybe consider what you think you'll need it for, barter during the the hard times, or preservation of wealth for afterwards. Buying everyday items with silver, it seems to me, would be simpler as there would be less need to make change.
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"Money is the barometer of a society's virtue. When you see that trading is done, not by consent, but by compulsion...when you see that in order to produce, you need to obtain permission from men who produce nothing...when you see your laws don't protect you against them, but protect them against you...when you see corruption being rewarded and honesty becoming a self-sacrifice...you may know that your society is doomed."
Ayn Rand, from Atlas Shrugged
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daviscfad
Penny Pincher Member
179 Posts |
Posted - 10/02/2008 : 20:22:39
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| you might see 5 dollar spot prices but you will probably still see 16 dollar buy prices |
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starwarsgeek171
Penny Hoarding Member
USA
602 Posts |
Posted - 10/03/2008 : 08:29:50
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| Wow, I feel bad for you guys! If silver goes down to $5, I WILL be able to get it at $7-8! Sounds like you guys are dealing with criminals. Maybe I'll buy a $#!+load and sell on this board at $10+! |
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starwarsgeek171
Penny Hoarding Member
USA
602 Posts |
Posted - 10/03/2008 : 17:21:37
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| I just got back from the shop, and the guy there (the owner was out) would only let the spotted/poorly-toned ASEs go at $15 in bulk. I wanted the shiny ones (of course) and ended up paying $20! per 2008 BU+++ ASE. He only had 10!!! |
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Gold or silver??
