when gold will be bid up by the goverments , hedge funds , as we hit 1600 watch the action,
silver the poor mans gold will then get its bid,
when you got the dough . go,, avoid the empty seat in the musical chairs
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when gold will be bid up by the goverments , hedge funds , as we hit 1600 watch the action,
silver the poor mans gold will then get its bid,
when you got the dough . go,, avoid the empty seat in the musical chairs
I'm really hoping for a dip to 17 and sub 1100 before they take off... for to buy more... or I'l just stick with what I have.. :)
Whenever I have extra FRNs left over from paying my bills, then I am always going to buy a little bit of the DOG (a.k.a. silver). IMO the DOG is going to ride on the coattails of the Yellow Metal Barbarian before the DOG is going to out run the Yellow Metal barbarian. We will see what happens in the near future. I still think that that DOG will have more upside potential than the Yellow Metal Barbarian but that is just my opinion.
Please don't flame me I'm sensitive. :sicko I don't know why anyone would pull a number like 1600 Gold as the number that would finally ignite Silver. Do yourself a favor and read the archived articles at Vronsky's Gold Forum by all the so called experts on Gold and Silver. 1000 Gold was supposed to get us at least 35 Silver. Don't blow smoke up your own a$$. The Hunt corner was a one off. If anything harder economic times will bring a GS ratio of closer to 100-1 than 30-1.
The gold/silver ratio has in fact seen both numbers in recent years. People who talk about one metal "igniting" the other, or "outperforming" the other are still thinking like stock suckers. Those words just don't apply in the precious metals business. The GSR has been 45 to 100 for the last 120 years and nobody knows any good reason why it should be one number or the other. (Here's an essay examining that topic.)Quote:
Originally Posted by peachesinfla
The stock sucker is a nice fellow who buys things because his friends buy them. If the price gains he gets to brag. If the price falls he gets sympathy. He is not investing, he is buying friendship. Buying gold and silver requires a definite attitude. It is such a prominent attitude that we are called bugs, or worse names. Metal bugs don't whine about a drop in price, we just call that going on sale. And we don't care much about a rise in price because we don't intend to sell any time soon. We have the real money, somebody else has the paper, and that's just the way we wanted it.
100-1? Cool, what a buying opportunity! Then I can get 66% more silver for my fiat than at the current apx. 60-1.Quote:
Originally Posted by peachesinfla
It's usually best to stick with the stronger performers. If something is underperforming there is a reason. Of course if you want to believe silver is a better buy because it is undervalued because it is being manipulated be my guest. Hopefully you are a young man otherwise you might not live long enough to profit from the expected assblast higher. I wish you the best of luck.Quote:
Originally Posted by Defender
Thanks for you're concern. I'm sure gold, and of course you gold stackers, will do ok but it's going to be really sad having to listen to all the whining in a few years about how unfair it is that the GSR has been "manipulated" to under 20:1.Quote:
Originally Posted by peachesinfla
Saul, well said! Just wanted to bump, this post. Makes me proud to be a metal bug!Quote:
Originally Posted by Saul Mine
From a broader historical perspective that includes the ancient world and the non-western world, the gold-silver ratio has varied more than the modern gold bug typically believes. 16:1, 12:1, in-the-ground ratio, etc. It has become dogma. I posted some historical data about the ratio on GIM last year, and unfortunately, my library is presently on the other side of the world, so I cannot reference it to repost the data. To make a long story short, the ratio has varied from near parity (the outlier) to around 20:1 in many places, upwards to our present ratio (another outlier, it seems, and bullish for silver in theory). In terms of purchasing power, silver is the more volatile metal. The in-the-ground ratio is a less important variable than the modern gold bug typically believes, because mining technology (cyanide, open pit, mercury, etc.), discoveries/depletions (Inca gold, Witwatersrand, etc.), and political will, cultural preferences are always changing. There is nothing fixed or permanent about the ratio, or what it ought to be. However, what's clear is that every culture that has encountered gold and silver–––some haven't, hence cowry shells and other strange forms of wealth–––has valued it not necessarily as money as we think of money today, but as a real store of wealth, prestige, and something of permanent worth.