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 09-26-2011, 06:32 PM | #1 | Supporting Member Join Date: Jun 2011 Location: Saranac Lake, NY Posts: 1,043 Likes Given: 3
|  Gold or Silver ?
9-26-11 PM.
Gold is $1600, Silver is $30.
Gold took a small hit.
Silver's taking a dive, again, like it did on 4-29-11.
Which are you buying, if any?
Which would you buy if you could? __________________
For every complex problem there is an answer that is clear, simple, and wrong.
-H.L. Mencken
Last edited by Vincine; 09-26-2011 at 09:08 PM.Reason: It was GLD that was $160 a share. | 
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| 09-26-2011, 07:07 PM | #2 | Supporting Member Join Date: Oct 2010 Location: Lake Havasu, Arizona Posts: 2,642 Liked 2 Times on 1 Posts
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Gold is $1600. I would buy it if it were $160.
I am buying lead, brass and steel. Maybe some plastic too. __________________
"I would not be an old man if I had not been an armed young man." JTJ
The SHTF. In September/October the fan will be turned on. | |
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| 09-26-2011, 07:28 PM | #3 | Senior Member Join Date: Mar 2010 Location: , TX Posts: 1,119 |
This is just my personal check/method. If the gold to silver ratio (price per oz) is >=40 I buy silver. If it is <40, I would buy gold but since it is so expensive, I just wait until the ratio changes to >40 
I also try to project future value and use that as my reference when to buy. I like the current prices so I bought more silver. I like buying when the unit price is low. __________________
“Never try to teach a pig to sing; it wastes your time and it annoys the pig.”
"Memories are pictures in your mind." - Kathryn (my 3 year old daughter) | |
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| 09-26-2011, 08:15 PM | #4 | Supporting Member Join Date: Jul 2011 Location: , NC Posts: 420 |
I personally like silver because it is something that ordinary people can afford to purchase occasionally when they have a little extra money to put into it. Another reason I prefer it is because if I ever needed to barter with it, I could do so, especially with the smaller increments, like 90% silver U.S. dimes. With the price of gold, that would be a lot harder to do, unless you were making a big purchase. | |
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| 09-26-2011, 08:24 PM | #5 | Ground Zero Ocean Join Date: Jul 2008 Location: Florence, Oregon Posts: 8,463 |
As an investment, precious metals aren't for me. They don't cut it for SHTF either, I prefer ammunition and alcohol for that!
I do, however own some silver. Morgans, Walkers, and Franklins purchased back when silver was $15 an ounce!  __________________ Molon Labe!
Quote:
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Hey, any constitution that acknowledges the people have a right to own weapons so that they may defend themselves -- including from an out-of-control government -- is OK by me...bkt
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People get the government they deserve. | |
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| 09-26-2011, 09:20 PM | #6 | Supporting Member Join Date: Jun 2011 Location: Saranac Lake, NY Posts: 1,043 Likes Given: 3
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???
PMs aren’t an investment; they’re a store of value.
It’s true you can’t eat PMs, but you can’t eat bullets either. When it comes time to trade it’s a lot easier to carry coins then the equivalent value of; rounds, textiles, bread, meat, or whatever, and unlike food, it’s not perishable.
The question is, at this ratio, do you go for gold or smaller value silver coins that are more easily used for currency? __________________
For every complex problem there is an answer that is clear, simple, and wrong.
-H.L. Mencken
Last edited by Vincine; 09-26-2011 at 09:40 PM. | |
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| 09-26-2011, 09:23 PM | #7 | Moderator Join Date: Apr 2007 Location: Rochester, NY Posts: 5,562 Likes Given: 4
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Bought several ounces of silver today. Wanna buy more tomorrow.
Historical gold:silver ratio is 1:16. Current ratio is 1:52. Gold isn't overpriced; silver is undervalued. Hence, I'm buying silver. Feels good to get some new metal other than brass, copper and lead. __________________
When you see that in order to produce, you need to obtain permission from men who produce nothing; when you see that money is flowing to those who deal, not in goods, but in favors; when you see that men get rich more easily by graft than by work, and your laws no longer protect you against them but protect them against you...you may know that your society is doomed. ~Ayn Rand | |
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| 09-27-2011, 06:13 AM | #8 | Supporting Member Join Date: Jul 2011 Location: , NC Posts: 420 |
Just out of curiosity, what have people found the best place for buying silver to be? | |
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| 09-27-2011, 09:40 AM | #9 | Moderator Join Date: Apr 2007 Location: Rochester, NY Posts: 5,562 Likes Given: 4
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Quote:
Originally Posted by shadamai
Just out of curiosity, what have people found the best place for buying silver to be?
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I've done some bulk purchases with friends through apmex.com. We got what we wanted at a good price promptly. No complaints.
Other times, I buy locally from a coin dealer near me who doesn't charge too much over spot. He has bullion coins and bars including 10 and 100 ounce bars. __________________
When you see that in order to produce, you need to obtain permission from men who produce nothing; when you see that money is flowing to those who deal, not in goods, but in favors; when you see that men get rich more easily by graft than by work, and your laws no longer protect you against them but protect them against you...you may know that your society is doomed. ~Ayn Rand | |
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| 09-27-2011, 12:26 PM | #10 | Moderator Join Date: Feb 2008 Location: Third bunker on the right, Central Virginia Posts: 8,374 Liked 5 Times on 5 Posts
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You can check with some of your local coin dealers, and see what they have- generally worn US coins, not real collectors value, know as junk or melt silver, valued only for value of metal. I have a couple of local dealers that sell to me at spot- for cash. __________________
What we have heah is.... failure to communicate. | |
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