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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 10/07/2008 : 12:09:58
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Don't get me wrong, this old silver bug will always love silver, but since I can't either get it now or it is way over-prices (like $20.00 per ounce) I'm going for the gold. I'm on my way to pick up a 1999 gold eagle.
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Think positive. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
 Posted - 10/07/2008 : 13:16:54
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| That thought has crossed my mind, but mainly because gold is the numero uno monetary metal. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 10/07/2008 : 14:04:21
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quote:
Originally posted by horgad
That thought has crossed my mind, but mainly because gold is the numero uno monetary metal.
Right, and with as CNBC is calling it, "The World-Wide Ecomomic Crisis" I expect a guy could do a lot worse. But to tell you the truth, I bought their last AGE today. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 10/07/2008 : 18:12:02
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quote:
Originally posted by Ardent Listener
quote:
Originally posted by horgad
That thought has crossed my mind, but mainly because gold is the numero uno monetary metal.
Right, and with as CNBC is calling it, "The World-Wide Ecomomic Crisis" I expect a guy could do a lot worse. But to tell you the truth, I bought their last AGE today.
Makes sense. Bullion, gold or silver, is hard to come by these days. |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 10/07/2008 : 18:25:00
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quote:
Originally posted by TenBears
quote:
Originally posted by Ardent Listener
quote:
Originally posted by horgad
That thought has crossed my mind, but mainly because gold is the numero uno monetary metal.
Right, and with as CNBC is calling it, "The World-Wide Ecomomic Crisis" I expect a guy could do a lot worse. But to tell you the truth, I bought their last AGE today.
Makes sense. Bullion, gold or silver, is hard to come by these days.
But at least they can order me more gold, but how long will that last? |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 10/07/2008 : 18:41:23
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quote:
Originally posted by Ardent Listener
quote:
Originally posted by TenBears
quote:
Originally posted by Ardent Listener
quote:
Originally posted by horgad
That thought has crossed my mind, but mainly because gold is the numero uno monetary metal.
Right, and with as CNBC is calling it, "The World-Wide Ecomomic Crisis" I expect a guy could do a lot worse. But to tell you the truth, I bought their last AGE today.
Makes sense. Bullion, gold or silver, is hard to come by these days.
But at least they can order me more gold, but how long will that last?
Who knows. Someone literally bought up close to $60,000 in junk silver, silver bullion and gold bullion from the dealer I normally frequent about 3 weeks ago. The only things my usual dealer has left are numismatic pieces. Spot silver prices may be fairly low, but there is very little to be had on the street. People seem to be all over gold bullion these days as well. |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 10/07/2008 : 18:55:46
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| If you think about it, there really wasn't all that much precious metals on hand in the shops before this. It was just that then people would buy and then come back to the same places and sell back. Now at such low silver prices, people just don't want to sell and it doesn't appear the big boys are in any hurry to try to get some of that $4.00+ over spot and return more physical silver into the shops. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Frugi
Administrator
USA
627 Posts |
Posted - 10/07/2008 : 19:33:44
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back when silver was $7-8 range, all the forecasters kept saying that silver is the metal to have for the future, and the investing in it would be a rollercoaster of ups and downs before it at least reaches $50/oz. This is that rollercoaster. Buying now because we think it is low is not so wise yet, if you are buying .999 silver rounds for bullion value only. Right now, this "drop" in value is 100% manipulation buy several banks that sold on to the market I think 100 million ounces of silver, which is 1 years world combined output. These few banks sold all this onto the market at one time, and should be confirmed with a simple google of that topic, but this is causing a once again uncertainty in the silver investment sector, and will cause the price to appear even smaller for longer. What this is, is a transfer of wealth from the investors (middle class) to the wealthy (banks). It happens over & over & and has been, it is silver manipulation. The rollercoaster is only getting started. Even though it may not be the time to buy, it certainly not the time to sell. It is those who sell that fall victim to those who want our money. Hang on to what you have and keep in mind it is a good deal at it's current price to buy it, but it will be going lower, and at some point much, much higher. Silver probably won't be jumping a lot in the nearest future (14 days), and probably will even drop by $2.00 more dollars in the next 30 days, but even then, it may not be a smart time to buy. I would keep sorting copper cents and buy gold in small amounts, and never pay a premium above scrap. You can get gold if you live near a metropolitan area. Advertise you pay cash for gold jewelry, and are willing to meet at library or where ever.
Just between yesterday and today I have paid $225.00 for 14k jewelry with a melt value of $530.00,
but are all of high quality and are even worth more say on ebay, but I am definitely hanging to everything, all of it, so if you are wanting gold, there is much to be found where you live, think outside the box, there is many willing to sell for much less than actual value. Check out antique malls in locked glass cases. Truly many dealers are not aware of gold, they only trust marks, there is much to be found for an investor, that has a digital scale and some time. Even pieces that are marked many cannot "see" a mark, and price a below melt price. This is a easy way to make money, "real money". |
Real Eyes Realize Real Lies
_________________________
http://inflation.us
Save the US Cent! http://www.facebook.com/#/group.php?gid=192523715681&ref=mf
www.pre82.com <-- My website. |
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scooter
Penny Pincher Member
240 Posts |
Posted - 10/07/2008 : 20:34:58
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| Ardent ive been thinking the same as of late. |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 10/07/2008 : 21:24:16
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Silver to Gold
Traditionally -> 16:1
That ratio is WAY out of perspective right now when calculated with FRN's.
Gaze deeply into your crystal ball and divine which way the correction will go ...
I'm betting on Ag to gain, but willing to hedge a bit if I see a nice Au ring in the case.
But, I also keep mercury from silent switches as well as collect and cast lead! |
There's profit if you melt things!!
8{> |
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wagsthadog
Penny Hoarding Member
USA
565 Posts |
Posted - 10/07/2008 : 22:54:04
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Hi all,
Yeah, I was complaining about this a few days ago, too.
I mean, I'm not MAD that silver is low, per se, but after ALL the hype that "silver gets used up," and "silver is grossly undervalued," etc, etc, it seems that silver is taking a huge crap while gold is at the drag races!!!
Gold IS a lot more convenient, though. you could struggle to lift $10K in silver, or carry $10K in gold in one hand (or sewn up in your coat...)
$10K in copper? Throw it in the back of muh Dodge Ram!!!
wags |
Only when they CAN'T have it, ......THEN they'll want it.
I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win. |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 10/08/2008 : 00:15:04
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quote:
Originally posted by wagsthadog
Hi all,
Yeah, I was complaining about this a few days ago, too.
I mean, I'm not MAD that silver is low, per se, but after ALL the hype that "silver gets used up," and "silver is grossly undervalued," etc, etc, it seems that silver is taking a huge crap while gold is at the drag races!!!
Gold IS a lot more convenient, though. you could struggle to lift $10K in silver, or carry $10K in gold in one hand (or sewn up in your coat...)
$10K in copper? Throw it in the back of muh Dodge Ram!!!
wags
Read this, Wags: 
You must be logged in to see this link. |
Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively
---------------
Be prepared...and prepared to help: http://www.survivalblog.com/charity.html
Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 10/08/2008 : 05:22:55
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lots of investors like hedge funds are liquidating, hence all commodities are coming down temporarily.
physical gold is in short supply also, perhaps not as scarce as silver but getting there.
gold often moves up first, followed by silver. but if you look at the gold to silver ratio you see silver has the potential to move far more. a little of both is a good idea. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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killerken53
Penny Pincher Member
172 Posts |
Posted - 10/08/2008 : 09:41:06
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| Do you think it is better to hold gold in many small weight coins (.05 oz maples, .1 oz maples/eagles) or to hold in larger weight coins/bars (1 oz eagle/maple/bar, 10 oz bar)? |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 10/08/2008 : 11:02:23
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| I have been offline for a few days...I too have been thinking about cashing in silver for gold as well. But I hate to think about giving up all that hard fought for Engelhard bars! I know I'm going to sound like a broken record but it make so sense to me that with the world crisis upon us why platinum, gold and silver are not through the roof! I know all the explanations about the markets being manipulated but how long can this madness go on? You can't help but get the feeling the deck is stacked against us! |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 10/08/2008 : 11:03:47
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| i read that investment rarities article like i do when i see it posted... I must say he writes and interesting story on how silver will be the next great thing... With the way things are going i don't see silver hitting 50 anytime soon. I read him talking about the 16-1 ratio on silver to gold and how we saw it briefly in the 1980... Wasn't the only reason silver went so high was a manipulation by the Hunt guys? I personally don't think silver will ever get the price of gold..It has always been rare like gold..Gold has just always had something silver hasn't.. Don't ask me what it is or was b/c i don't know. I personally like silver better than gold and i wish it would rebound strong.. |
Inquiring minds want to know |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 10/08/2008 : 11:42:57
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quote:
Originally posted by killerken53
Do you think it is better to hold gold in many small weight coins (.05 oz maples, .1 oz maples/eagles) or to hold in larger weight coins/bars (1 oz eagle/maple/bar, 10 oz bar)?
Small is better for the survivalist. If S does HTF, one tenth of an ounce is much easier to trade than one full ounce. Welcome to the forum by the way. |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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Edited by - TenBears on 10/08/2008 11:43:25 |
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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 10/08/2008 : 13:40:53
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In my travels I pack a 10th ounce eagle and a few silver half dollars with me. It gives me at least a little real money.
My long term goal is to move to gold. I plan on trading the majority of my silver into gold when the gold to silver ratio returns to 15:1. I may be past a 100 before that happens, but that is my plan. |
Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 10/08/2008 : 15:40:48
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smaller is easier more convenient to sell.
however, when buying, a greater percentage of what you spend goes towards the premium than does the metal.
for example, if you bought 1000 ounces of silver, the premium is about $.50 an ounce. so for $12K you get 1000 ounce at 11.50 spot.
but if you buy ASE's at 11.50, plus $5 per coin, you get 12,000/16.50 = 727 ounces.
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Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 10/08/2008 : 16:14:09
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South American silver mines in the 1500's and 1600s and the Comstock Loade were the reasons that silver no longer is at the 15:1 ratio concerning gold and silver.
Before the silver mines were running in south america silver was trading at a much higher ratio (I read somewhere in some countries it was a 5:1 ratio.)
The increase of the supply silver has led to decreased scarcity and rareness for the white metal and that is where we find ourselves today.
Is the worldwide supply of silver declining while the demand is increasing? The answer to that question will determine wether silver will go up in price.
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Edited by - pencilvanian on 10/08/2008 16:17:59 |
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n/a
deleted
2 Posts |
Posted - 10/08/2008 : 20:44:52
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I love all this silver negativity. It must be ready to rocket. Silver is a better investment than Gold. Period.
TPTB want you to switch to Gold because there is more available. They are masters of head games. Be right and sit tight. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 10/08/2008 : 20:50:11
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quote:
Originally posted by compwiz4u
I love all this silver negativity. It must be ready to rocket. Silver is a better investment than Gold. Period.
TPTB want you to switch to Gold because there is more available. They are masters of head games. Be right and sit tight.
TPTB want you to switch to stocks and bonds. Period. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 10/08/2008 : 22:32:59
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quote:
Originally posted by Ardent Listener
TPTB want you to switch to stocks and bonds...
Because the cash we inject into the markets is what is desperately needed right now to bolster what will be an insufficient $700 billion "investment" in our markets, and if people sink their money into gold and silver (and lead) instead, it pretty much isn't taxed and doesn't earn a commission. And it takes away from TPTB's asset base to help run the economy (or run it into the ground).
How has the ratio of gold/silverbugs to stocks/bonds proponents been running in the MSM? I work in the media, but I don't buy into Hank Paulson's hype. |
Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively
---------------
Be prepared...and prepared to help: http://www.survivalblog.com/charity.html
Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 10/08/2008 : 23:35:42
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| Not a good time to trade silver for gold. Why? At the current ratio, it takes 77 ounces of silver per 1 ounce of gold. Wait until it gets closer to 50:1 where it would only take 50 ounces of silver per 1 ounce of gold. You would then have 27 ounces of silver and 1 ounce of gold versus only 1 ounce of gold. Personally, I am going to sit tight on the silver I have and continue to buy when I can. If I see a good deal on gold, I will jump on that as well. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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Nickelless
Administrator
USA
5580 Posts |
Posted - 10/09/2008 : 00:47:01
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quote:
Originally posted by CoinHunter53562
Not a good time to trade silver for gold. Why? At the current ratio, it takes 77 ounces of silver per 1 ounce of gold. Wait until it gets closer to 50:1 where it would only take 50 ounces of silver per 1 ounce of gold. You would then have 27 ounces of silver and 1 ounce of gold versus only 1 ounce of gold. Personally, I am going to sit tight on the silver I have and continue to buy when I can. If I see a good deal on gold, I will jump on that as well.
Excellent advice, CoinHunter. I've been thinking about buying some 1/10-oz. coins but I think I'll just sit tight and trade up when silver heads north a little. |
Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively
---------------
Be prepared...and prepared to help: http://www.survivalblog.com/charity.html
Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 10/09/2008 : 05:14:45
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quote:
Originally posted by pencilvanian
South American silver mines in the 1500's and 1600s and the Comstock Loade were the reasons that silver no longer is at the 15:1 ratio concerning gold and silver.
Before the silver mines were running in south america silver was trading at a much higher ratio (I read somewhere in some countries it was a 5:1 ratio.)
The increase of the supply silver has led to decreased scarcity and rareness for the white metal and that is where we find ourselves today.
Is the worldwide supply of silver declining while the demand is increasing? The answer to that question will determine wether silver will go up in price.
I was under the impression that it was 15 to 1 in Biblical times, but decreased to 17 to 1 as a result of New World Silver.
However, in the industrial age we have found uses for silver, and as a result have consumed most above ground and central bank supplies. Above ground, silver may be more rare than gold. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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Screw silver, I'm going gold.
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