Bailing out
Kip
Posts: 852
Anyone else leaving silver if it gets back to at least $40 someday soon and going to gold?
Kip
Kip
UCSB Electrical Engineering....... USCG and NASA
0
Comments
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.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I knew it would happen.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
Just so it would be easier to store.
I can afford silver but not gold!
<< <i>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. >>
Regards
Kip
Far from all of it, but the "don't get fooled again" portion I wish I had sold
Liberty: Parent of Science & Industry
<< <i>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?
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.
<< <i>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!
Box of 20
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.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>
<< <i>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.