View Full Version : 5 SAEs or 1-1/10 GAE?
osoab
2nd January 2011, 09:24 AM
So what to buy now. Roughly 5 SAE's now equal a 1/10th GAE.
For me, silver will soon be out of the price range I will pay. I believe moving to other items/preps would have a better overall ROE especially with the current commodity spike. I know some of you smart ones were buying well before $8 Ag, and may balk at buying these prices, but the current price rise will soon price out your average joe.
So 5 SAE's or a $5 GAE? We have seen a nice decrease in the gold/silver ratio. Some reprieve may occur. I don't think we get to sub 40 without going back to over 50. Currently sitting at 46 on the gsr.
Son-of-Liberty
4th January 2011, 07:17 AM
Well It depends on how much gold you have already. If none then it wouldn't hurt to add to your gold. I still think that silver will gain more then gold though so if you already have a decent amount of gold then silver for the win.
mightymanx
4th January 2011, 11:32 AM
I am buying fractional gold right now. Silver is too expensive for me.
osprey
4th January 2011, 05:33 PM
Both if you are able. I believe silver still has a LONG way to go. Although there will be dips like today along the way, (buying opportunities). If you go with fractional gold, don't forget to look at foreign coins like the British 1/2 sovereign, various franc, or the South African rands.
twenty4karat
4th January 2011, 09:36 PM
So what to buy now. Roughly 5 SAE's now equal a 1/10th GAE.
For me, silver will soon be out of the price range I will pay. I believe moving to other items/preps would have a better overall ROE especially with the current commodity spike. I know some of you smart ones were buying well before $8 Ag, and may balk at buying these prices, but the current price rise will soon price out your average joe.
So 5 SAE's or a $5 GAE? We have seen a nice decrease in the gold/silver ratio. Some reprieve may occur. I don't think we get to sub 40 without going back to over 50. Currently sitting at 46 on the gsr.
My friend, you are looking at PM's in the wrong light. As for ROE, what could be better than trading in useless Fiat Currency for Silver or Gold.
There is no equity in Fiat Money. Where as Gold and Silver are never worth nothing.
You can't look at PM's as investment but rather as a safe haven for your wealth.
In the last ten years Gold has gone from about $280/ozt. to $1400+/ozt.
That doesn't mean that Gold is worth more. It means that the USD (along with other fiat currencies) is tanking.
Gold is a fixed Value.
A Twenty Dollar Double Eagle in 1858 could buy you a very nice suite, a shirt and tie and a nice pair of shoes.
That very same Double Eagle today can buy you a very nice suite with shirt and tie and a nice pair of shoes.
I hope this puts some perspective on why we got into PM's in the first place.
Hold on tight because this ride is just gettin' started.
Happy New Year,
t4k
osprey
5th January 2011, 03:25 PM
T4k,
Thanks for reminding me of the real reason!
osoab
5th January 2011, 04:16 PM
So what to buy now. Roughly 5 SAE's now equal a 1/10th GAE.
For me, silver will soon be out of the price range I will pay. I believe moving to other items/preps would have a better overall ROE especially with the current commodity spike. I know some of you smart ones were buying well before $8 Ag, and may balk at buying these prices, but the current price rise will soon price out your average joe.
So 5 SAE's or a $5 GAE? We have seen a nice decrease in the gold/silver ratio. Some reprieve may occur. I don't think we get to sub 40 without going back to over 50. Currently sitting at 46 on the gsr.
My friend, you are looking at PM's in the wrong light. As for ROE, what could be better than trading in useless Fiat Currency for Silver or Gold.
There is no equity in Fiat Money. Where as Gold and Silver are never worth nothing.
You can't look at PM's as investment but rather as a safe haven for your wealth.
In the last ten years Gold has gone from about $280/ozt. to $1400+/ozt.
That doesn't mean that Gold is worth more. It means that the USD (along with other fiat currencies) is tanking.
Gold is a fixed Value.
A Twenty Dollar Double Eagle in 1858 could buy you a very nice suite, a shirt and tie and a nice pair of shoes.
That very same Double Eagle today can buy you a very nice suite with shirt and tie and a nice pair of shoes.
I hope this puts some perspective on why we got into PM's in the first place.
Hold on tight because this ride is just gettin' started.
Happy New Year,
t4k
It is also about value for your ever depreciating FRN's, along the lines of what is the best value at the current time.
If I didn't care about how I spend my FRN's to add to my meager stash, I would just by from littleton coin.
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