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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
 Posted - 11/04/2009 : 09:35:28
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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.
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SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 11/04/2009 : 09:46:53
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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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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 11/04/2009 : 11:49:35
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| shoot me a pm before you guys sell - i will probably give you a better price. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 11/04/2009 : 22:37:59
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| 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
1304 Posts |
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Nickelless
Administrator
USA
5580 Posts |
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Topic |
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Selling Gold to Buy Silver
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