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What would you do in this scenario

mkman123mkman123 Posts: 6,849 ✭✭✭✭
in Precious Metals
Seeing as gold has gone up to 1000+, if any of you that has holdings in silver, would you sell your silver right now and use the money to get gold or ???

Thanks!
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Comments

  • ttownttown Posts: 4,472 ✭✭✭
    Well I'd consider selling gold and buying silver since gold has rose and silver will follow. The PM's seem to take turns and never explode all at one and at different patterns gold, silver, platinum they'll all have their turns.
  • tggrtggr Posts: 748 ✭
    No. All the gold I have is worth more than spot.image
  • MoneyLAMoneyLA Posts: 1,825 ✭
    While we would like to think that gold and silver and even platinum are all "precious metals" they are not equal investments.

    Gold is gold, silver is silver, and platinum is platinum... and while they might move together, there is no assurance that the movements of one will be followed by another.

    Just because gold has topped 1K does not mean silver will head to new highs... or that it will even go up in the days ahead. It could, but there is no "lockstep" rule for the two.

    So... you buy or sell gold based on your investment ideas for gold... and you buy or sell silver based on your investment ideas for silver.

    If you think silver will go up because gold went up, okay that's an "investment idea." go with it, if you like.

    bottom line: there is no rule about the pricing of one and the pricing of another.
    Cheers, Alan Mendelson
    www.AlanBestBuys.com
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  • BBNBBN Posts: 3,761 ✭✭✭
    Nope. Buying a little of both. Gold for preservation and silver for SHTF scenario. Buying silver grain and going to be making 1/2 and 1/4 ounce bars.

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  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Just diversify. That's the best thing you can do.

    Coin's for sale/trade.


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  • tggrtggr Posts: 748 ✭
    I aggree with Moneyla.
    Well saidimage
  • PutTogetherPutTogether Posts: 2,141 ✭✭✭


    << <i> Buying silver grain and going to be making 1/2 and 1/4 ounce bars. >>



    Really?
  • carscars Posts: 1,904
    I don't see gold making any more Huge movements. I think $1k is close to the top for a while and feel silver still has a long way to go.
    I'm only keeping my "collectible" pieces of gold and selling the rest to invest in silver.
    Its all relative
  • OPAOPA Posts: 17,124 ✭✭✭✭✭
    I stopped purchasing gold & silver late last year
    I'm beginning to unload some of the Gold (mostly bullion AGE's) .... I'll wait for silver to hit $16 before doing the same...Eventually the Pendulum will swing back, like it always has in the past, at which point I'll be a buyer again. After all, history has a tendency to repeat itself.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • DarinDarin Posts: 7,202 ✭✭✭✭✭
    What would I do in that scenario.

    What every person on this board would do in any scenario.

    Guns and ammo, baby.
  • PeacemanPeaceman Posts: 5,098
    I'd be buying more silver. Gold and silver tend to chart at a certain ratio to eachother. When gold was around $975 last Feb-Mar. Silver was at $ 18. Right now we are approaching $1000 oz for silver and it is lagging behind at $ 14... so I think there's a bigger more in Silver to come....
  • gecko109gecko109 Posts: 8,231 ✭
    At a current ratio of almost 70-1, and with its MUCH broader industrial uses, I personally view silver as being the better bargain right now.
  • BobkBobk Posts: 593
    MoneyLa and cars, I belive, is pretty much right. I'm not sure what Darin is saying. To answer your question mkman, NO.
    Pecunia in arbotis non crescit.
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