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deleted
42 Posts |
 Posted - 08/14/2007 : 16:35:10
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Gold today is 50x silver
Silver is $13/oz
Copper $3+/lb
According to experts, historically it's 15:1
Whether or not we'll get there is another story, but my strategy is watching as silver beats close to gold (and it won't last), trade over to gold, so when the gap widens again, get silver (and wait again, lol).
The same thing for copper vs. silver, when copper is at it's peak, and silver is close to a valley (and I think it's now), trade over to silver.
I think this standard of comparing metals to metals is better than comparing them to their face dollar value. Especially when all 3 of these metals are popular and known industrially.
And this is why I do not own gold, or platinum, or housing, because I believe they are close to peak in the short run, while others are going uphill. It's all of course, SPECULATIVE AND HYPOTHETICAL.
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mickeyman
Penny Pincher Member
Canada
243 Posts |
 Posted - 08/29/2007 : 19:31:39
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The ratio of gold price to silver price has varied spectacularly by region through history. In the 17th century, the ratio in India was only about 6:1, whereas it was about 16:1 in England, which resulted in fortunes being made in arbitrage. Silver coins poured out of the Mint in London, only to be packaged up on ships and sent to India in exchange for gold. The gold was brought back to France or England for conversion back into silver, coined, and shipped off to India. The result was a dire shortage of circulating coinage in England, making it very difficult to buy things unless you were a "creditable" gentleman.
Not all who wander are lost. |
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Watching ratios of gold : silver : copper
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