Bailing out

Kip · May 27, 2011 3:20AM

Anyone else leaving silver if it gets back to at least $40 someday soon and going to gold?
Kip

bestmr · May 27, 2011 3:31AM

I'm not bailing out entirely, but I am looking for a time when the GSR is favorable to trade some silver for gold. My ratio is around 85% silver to 15% gold so I'm looking to get it a bit more even.

derryb · May 27, 2011 3:46AM

Why sell silver at a near term low to buy gold at an all time high? My daddy taught me "buy low, sell high." I've sold a bit of gold recently to build the silver stack.

While both metals are projected for longer term gains, I think it is important to look at what kind of percentage each is capable of gaining. Silver could double before gold sees 50% gains, as it has well done before. I'm sticking with the silver, for now. GSR shows results of past movement, it does not indicate future price movement. Stick with metals' fundamentals to help in predicting their future price direction.

jmski52 · May 27, 2011 3:53AM

No - but my position is pretty much distributed in the ratio I want between my 3 favorite metals already.

OnlyGoldIsMoney · May 27, 2011 4:01AM

No. I am already strong with gold.

morgantype · May 27, 2011 4:09AM

If the GSR got to about 30 I might go for it.

Just so it would be easier to store.

pitboss · May 27, 2011 5:49AM

I can afford silver but not gold!

Coins101 · May 27, 2011 5:54AM

<< Why sell silver at a near term low to buy gold at an all time high? My daddy taught me "buy low, sell high." I've sold a bit of gold recently to build the silver stack.

While both metals are projected for longer term gains, I think it is important to look at what kind of percentage each is capable of gaining. Silver could double before gold sees 50% gains, as it has well done before. I'm sticking with the silver, for now. GSR shows results of past movement, it does not indicate future price movement. Stick with metals' fundamentals to help in predicting their future price direction. >>

Kip · May 28, 2011 2:02AM

Thanks to all who replied...I have decided to wait a while
Regards
Kip

Baley · May 28, 2011 2:14AM

Like many people, I've got a bunch of junk silver for sale when silver hits the $40's again.

Far from all of it, but the "don't get fooled again" portion I wish I had sold

gecko109 · May 28, 2011 2:15AM

<< I can afford silver but not gold! >>

I never quite understood this reasoning. If the only size available in bullion was a 1 kilo bar....for all metals, then I can understand. But if a person can afford to buy 40 ounces of silver, then they also could afford to buy an ounce of gold.

Am I missing something here?

chumley · May 28, 2011 3:29AM

my pocketbook says I,m a gold miniumalist

piecesofme · May 29, 2011 6:44AM

I never quite understood this reasoning. If the only size available in bullion was a 1 kilo bar....for all metals, then I can understand. But if a person can afford to buy 40 ounces of silver, then they also could afford to buy an ounce of gold. Am I missing something here?
This might help to understand, not to mention how it has outperformed gold over the lasy year looking at it from a % view.
silver is used more therefore has more potential to increase more rapidly than gold imo

Why sell silver at a near term low to buy gold at an all time high? My daddy taught me "buy low, sell high." I've sold a bit of gold recently to build the silver stack.
While both metals are projected for longer term gains, I think it is important to look at what kind of percentage each is capable of gaining. Silver could double before gold sees 50% gains, as it has well done before. I'm sticking with the silver, for now. GSR shows results of past movement, it does not indicate future price movement. Stick with metals' fundamentals to help in predicting their future price direction

I couldn't agree more.

greatnortherncoin · May 31, 2011 10:08AM

sell it all let us who stay make money

BookerTSetsrock · May 31, 2011 6:52PM

<< Why sell silver at a near term low to buy gold at an all time high? My daddy taught me "buy low, sell high." I've sold a bit of gold recently to build the silver stack.

While both metals are projected for longer term gains, I think it is important to look at what kind of percentage each is capable of gaining. Silver could double before gold sees 50% gains, as it has well done before. I'm sticking with the silver, for now. GSR shows results of past movement, it does not indicate future price movement. Stick with metals' fundamentals to help in predicting their future price direction. >>

My kinda thinking here!

pf70collector · June 1, 2011 1:37AM

I will sell 100 ounces if it gets to $50 again.

DoubleEagle59 · June 1, 2011 2:09AM

Price of silver has nothing to do with my PM strategies.

Rather, it's the GSR that decides which way I should go.

The ratio at 40 to 1, is neither high or low.

Right now I wouldn't be leaning to one or the other.

That's why I recommend a 50/50 split in gold and silver worth.

Then, when the GSR is at 30:1 and lower, convert silver to gold.

Or, At 50:1 and higher, convert gold to silver.

BAJJERFAN · June 1, 2011 1:46PM

<< 

<< I can afford silver but not gold! >>

I never quite understood this reasoning. If the only size available in bullion was a 1 kilo bar....for all metals, then I can understand. But if a person can afford to buy 40 ounces of silver, then they also could afford to buy an ounce of gold.

Am I missing something here?

>>

It is also easy to buy 3 or 4 ounces of silver. There is no conveniently sized piece of gold that one can buy for $40. If you got an extra C note layin around you can buy a couple ounces of silver. You can't buy squat physical metal gold for $100. 10th ounce AGEs might not be a good buy for many.

Bailing out

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