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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 09/07/2009 : 19:21:40
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I really believe that we will see $1000 gold tomorrow. Silver is moving up even faster than gold and it looks like $17 silver is only a couple days away. This has caused the gold/silver ratio to drop to around 60 currently. The gold/silver ratio when silver was $21 in 2008 was around 50.
QUESTION #1
Do you think that the gold/silver ratio is going to be less than 50 soon?
QUESTION #2
Or, do you think the silver move is going to be explosive over the next several months and bring that gold/silver ratio to less than 20 like it was in 1980?
QUESTION #3
When would you trade your silver for gold?
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Edited by - Country on 09/07/2009 19:30:35 |
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fb101
Administrator
USA
2856 Posts |
Posted - 09/07/2009 : 20:00:52
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QUESTION #1
Do you think that the gold/silver ratio is going to be less than 50 soon?
Probably
QUESTION #2
Or, do you think the silver move is going to be explosive over the next several months and bring that gold/silver ratio to less than 20 like it was in 1980?
Not nearly to 20, that was too heavily manipulated market. Perhaps 40?
QUESTION #3
When would you trade your silver for gold?
Never. I don't think this a a time to try and play things like that. I think this is a grab all you can get of all and sit tight. I believe a hard play against the dollar is coming but who knows when? Ignoring the soothsayers, the news articles seem to point to it being in a setup stage. By percentage, silver will likely be the bigger winner, because the masses will run to silver before gold when the inflation starts to hit home. Remember the silver premiums a few months back? None such in gold. |
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Edited by - fb101 on 09/07/2009 20:03:21 |
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buyingsilvers
Penny Collector Member
441 Posts |
Posted - 09/07/2009 : 21:01:59
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^
This is likely what country is referring to. Some people play the G:S ratio, and focus on the accumulation of more ounces. Example: Trade silver for gold when the ratio is 55:1, trade gold for silver when the ratio is 80:1. One roundtrip will net you a lot of ounces of silver (or gold).
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Posted this in the other thread.
seems like gold is hitting resistance at 1000, while silver continues to climb. If silver goes to $18 (55:1), I'm going to start trading silver into gold.
FWIW, my personal ownership ratio is 146:1 (Silver/Gold)
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Edited by - buyingsilvers on 09/07/2009 21:02:47 |
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Gold/Silver Ratio at 60: Trade Silver for Gold?
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