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Which is more likely?

Geckster109Geckster109 Posts: 231 ✭✭✭
in Precious Metals

I am a firm believer that 95% of metal bugs would answer the following question the same..........

Which is most likely to occur first.....gold @ $2500, or silver @ $35?

I have already asked 7 different friends who collect metals in various degrees, and all 7 have answered the same so far. The follow up question for those 7 was "are you then only purchasing silver from this point forward, and if not, how come?".

Comments

  • Geckster109Geckster109 Posts: 231 ✭✭✭

  • BruceSBruceS Posts: 1,355 ✭✭✭✭✭

    An even race to the finish line, imo.


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  • Geckster109Geckster109 Posts: 231 ✭✭✭

    @BruceS said:
    An even race to the finish line, imo.

    Really? You believe its just as likely that gold will hit 131% of its all time high as it is that silver will get back to just 71% of its all time high?

  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭

    Gold and silver seem to run in tandem with silver being more volatile. For example, if gold goes up 5%, silver can go up 10% and if gold drops 5%, silver can drop 10%. With the current GSR at a little over 73, I feel gold is overvalued in relation to silver.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • VanHalenVanHalen Posts: 3,992 ✭✭✭✭✭

    Not looking back for comparision: You're referring to a ~100% gain from current levels and both metals often move in tandem as PerryHall noted. So while silver should get to $35 before gold gets to $2500 I believe both will occur within one year of each other. The question is what year?

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    At this stage in life, I'm not "holding my breath" waiting for it to happen. However, a more realistic forecast: Silver will hit $20 before gold hits $1400

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I agree with OPA.... The volatility of silver is obvious compared to gold... That being said, unless one is playing the fast flip/buy/flip game, then the market ups and downs are not really concerning. Cheers, RickO

  • bronco2078bronco2078 Posts: 10,225 ✭✭✭✭✭

    silver at $35 march 18th 2019 11:13 est . :D . I'm also in the hell freezes over pool with the same draw, not sure if thats good or bad

  • rawteam1rawteam1 Posts: 2,472 ✭✭✭

    What do you expect Geckster when you ask collectors??? They know zilch...

    keceph `anah
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    Whenever I'm asked about metals, I'm mesmerized by the shiny sparkles and soothing clinky sounds... after a few hours i come out of the trance, and say, "what was the question again?"

    Liberty: Parent of Science & Industry

  • Geckster109Geckster109 Posts: 231 ✭✭✭

    I love how Cmanbb flagged my pic above as "spam". He is so butt hurt over me calling him out on his personal BST thread that he now trolls me. Good to see what kind of infantile personality he has though for future reference!

  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭

    @Geckster109 said:
    I love how Cmanbb flagged my pic above as "spam". He is so butt hurt over me calling him out on his personal BST thread that he now trolls me. Good to see what kind of infantile personality he has though for future reference!

    How in the hell is posting a pic of precious metals in the Precious Metals Forum considered to be spam?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • WingsruleWingsrule Posts: 3,011 ✭✭✭✭
    edited June 11, 2017 2:15PM

    Showing off, maybe, but not spam :*

  • cmanbbcmanbb Posts: 1,059 ✭✭✭✭✭
    edited June 11, 2017 2:22PM

    @Wingsrule said:
    Showing off, maybe, but not spam :*

    You know WR....your absolutely right, showing off as I was with a pic of the 22-20oz Engelhard Bars in my WTB Engelhard thread, but my pics were spam???

  • WingsruleWingsrule Posts: 3,011 ✭✭✭✭

    Spam, no. In the wrong post, yes. Like your stuff but I agree with Geckster's message. Not necessarily the delivery.

    And I was referring to his pic, not yours.

  • Geckster109Geckster109 Posts: 231 ✭✭✭

    Getting back to the discussion, I tend to disagree that gold and silver tend to move in lock step.....otherwise the GSR would not fluctuate so wildly. Since I've been involved in PM's (15 years+), I have seen that ratio as low as 40-1 and as high as 85-1. I will agree that they both move up or down in unison however.....but at very different rates often times. If I had to bet money (which is precisely what I do any time I purchase a hunk of metal) on which of the 2 scenarios will occur 1st, then its absolutely a no brainer that silver has a MUCH greater potential to double in price before gold does. For this reason, the remainder of my purchasing for 2017 will be Ag all the way. In fact, if APMEX does its part, I'll have a VERY sweet pic for you guys in this coming Friday's metalporn edition!

  • NVUNVU Posts: 284 ✭✭✭

    Silver is a better buy based on GSR
    Gold is more compacted for wealth reserve.
    It's nice to have them in the mix if you're into shiny metals. Nice stack there Geckster.

  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    palladium

    "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

  • ashelandasheland Posts: 23,189 ✭✭✭✭✭

    Silver at 35 would be my bet.

    My YouTube Channel

  • rawteam1rawteam1 Posts: 2,472 ✭✭✭

    Lol, the gsr fallacy will punish and destroy ...
    There will be weeping...

    keceph `anah
  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    One can increase the size of both stacks at no additional out of pocket cost if they know how to use the GSR. Those that can't read it consider it just another conspiracy theory.

    "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

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    edited June 13, 2017 6:24AM

    Basically the premise is what will double first from this point in time first. It's an even race.

    My guess is gold will double first. I've always liked using this forum at a barometer. When everyone is leaning one way you can bet the market will make the greatest number of losers as it can. That's how it works. For the record I have my fair share of both. One is for asset protection and the other speculation. However for my expressed purpose and intent gold makes me sleep better and I will never sell. Silver makes me somewhat uneasy and I can't wait to sell one day.

    Another way to look at it is what will occur first. Gold at $625 or silver at $8.75? Same question in reverse. Probably the same odds of happening as the OP's question. I need to think about my answer there.

    Mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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