Silver
Silver:Gold ratio
Posted on 04/07/2011 11:51:29 PM PDT by JerseyHighlander
as of right now, gold is at 1466.10 and silver has hit 40.15
that puts the silver:gold ratio around 37:1
still above the 30:1 line. if deciding between silver or gold, i’d still favor silver... slightly. if it goes below 30:1, shift to buying gold and consider transitioning your silver into gold.
if the ratio swings back above 40:1, watch for the top of the ratio and gauge whether to transition from gold back into silver (looking for strength for the ratio to push higher, ie: 50:1)
a few proper swaps will net you a tidy profit... in gold or silver :)
Silver
Silver:Gold ratio
Think we will seem some profit taking?
always possible, but i think governments and anyone with real money have been transitioning out of currency into commodities for a while.
grab what you can... while you can.
if the writing on the wall is right, $100/oz silver would be low (as gold would be $3000/oz if the dollar collapses, which would be the designs of world leaders... including 0bama)
either way, watch the silver:gold ratio and move your wealth back and forth between them. this provides for a lessened risk if all goes well and we recover (i see no signs or avenues for this, unfortunately). you could actually make a tidy profit if done right and things recover.
(bi-metalism is a odd thing to get your head around, but once you do... it makes much more sense then working with dollars)
i’m sitting here thinking about what i posted in #5.
i can’t say any of it is incorrect... and i think it’s just hitting me how much it bums me out. these people have worked for decades to destroy my country, and here i am talking about the managed decline of my country while maintaining ones wealth.
seriously, wth
the only solution i see, is pulling all industries back into the country and pushing up the tariffs. yes, isolationism... in order to restore some value in American products. we’ll also need to buckle under to pay the debt in order to restore the worlds faith in our credit and the dollar. all the while attempting to excise the cancer that is socialism in the slack-ass crack heads infesting our country. and of course, changing our education system back to teaching individual exceptionalism combined with the entrepreneurial spirit that made this country great.
unfortunately, i don’t think the foam latte crowd has the intestinal fortitude for the struggle
You’ve probably been asked this a hundred times, but what’s a good way to buy silver?
Correct.
Either we bring back American jobs and industry.
Or we collapse.
We could slap a 100% tariff on all Chinese Imports and they would still be cheaper than what is made in America. The only real option is a full embargo.
RE: collapse.
There will be no “Atlas Shrugged” sort of collapse.
If we go down now, we will cease to exist.
Hear that sound? That’s the death rattle of USD.
Recommend you start out with a few Silver American Eagles and/or Canadian Maple leafs. About the most common and easy to trade.
www.apmex.com , ebay , www.kitco.com
What if you wanted to buy say $10,000 worth of silver? Seems like coins would be unweildy and I’m not sure I’d want to keep an amount like that at home.
coins can be bought individually or in tubes of 20
you can also pick up what's known as a "monster box" containing 25 tubes of 20 (500 coins)
i should mention, if your funds are tight, i wouldn't get more then one or two tubes and consider food stuffs or wilderness gear (depending where you are). one or two tubes would be enough to travel to your destination (holy crap, where is this leading)
don't bother with proofs, as we're just talking about preserving buying power using a commodity. proofs are for coin collectors, which is a fat-time leisure activity
i'd recommend doing the bi-metalism math in your head a few times, exercising your reactions at different price points and silver:gold ratios... calculating in terms of dollars for a common reference. understand why you want to transition, write down your break lines... and pay attention to the charts daily during these times.
If you’re like me, and you don’t want someone to have your name & address on a receipt or list someplace, look first in your hometown and find a reputable local coin dealer. They are usually mom & pop family operations. It’s very likely that you’ll have to be buzzed in, as they are targets for robbers, so this might not be the best time to show off all your tattoos. LOL And bring cash, skipping the credit cards.
Once you familiarize yourself with the various products (silver eagles, silver rounds, bars, “junk” silver etc), you can call around your town and get the going rates on each thing. Usually they will quote you a number “over spot.” Junk silver is quoted times “face value.”
www.goldismoney.info (is a good forum for newbies) Do a search, there are a lot of silver websites that have forums to read and ask questions.
www.coinflation.com has a lot of good information, too
i found this (link) does that help?
(went to bing to search since google is in bed with socialists and most likely would like to topple the US govt)
Thanks — and how would you sell the coins quickly in order to react to the market? Will a local coin dealer always buy them? I’m thinking it might make more sense to own paper instead of physical coins. Maybe a certain number of coins as kind of a baseline of wealth that you have on hand, but paper beyond that.
as of right now, $10,000 would get you about 250 silver eagles. this would be 12 1/2 tubes and would weigh about 16 pounds (250 ounces). not very bulky at all. easily fits in a briefcase, though might be heavy in a backpack (a long tube slung over your back would fit them nicely)
individual tubes of 20 are very easy to handle
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