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austrian123
Joined: 15 Oct 2010
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 Posted: Wed Mar 30, 2011 3:06 am Post subject: Silver |
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I sold all my physical gold and bought physical silver. Silver will outperform gold.
And I'm still waiting for the bubble in precious metals. |
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Sergio Stefanuto
Joined: 14 May 2009
Location: UK
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| Posted: Wed Mar 30, 2011 7:10 am Post subject: |
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I bought $10,000 worth of silver about a year ago. It's today worth $24,600.
There's nothing more virtuous than capitalism. |
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geldedgoat
Joined: 05 Mar 2009
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| Posted: Wed Mar 30, 2011 7:18 am Post subject: |
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| They both appear to be following similar patterns. What makes you think silver superior? |
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Madigan
Joined: 15 Oct 2010
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| Posted: Wed Mar 30, 2011 7:26 am Post subject: |
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| All commodities are increasing in value relative to currency. Oil, gold, silver, wheat, you name it. Prolonged easy money policies from central banks throughout the world make the environment ripe for commodity speculation. It is really impossible to tell how the varying commodities will preform in relation to one another, but so long as central banks are committed to easy money, trading paper for rocks may not be a bad idea. |
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Space Bar
Joined: 20 Oct 2010
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| Posted: Wed Mar 30, 2011 8:50 am Post subject: |
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| geldedgoat wrote: |
| They both appear to be following similar patterns. What makes you think silver superior? |
Austrian is right. The gold/silver ratio historically has always returned to 16 (or is it 12?). It was about 70 a year ago. Now it is 38, so it still has a ways to go yet.
I bought all mine between $13-20. Today it's $37.50. Now I'm gobbling up mining stocks. I first bought Coeur d'Alene at $6 and sold at $15. Bought it again at $18, and now it's $35. Bought Great Panther Silver at $0.77, and now it's $4.50.
Here's a tip: RAREF, but if you just want a safe place to store a good chunk of your money while still appreciating, buy the double-long gold ETF, DGP. |
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Sergio Stefanuto
Joined: 14 May 2009
Location: UK
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| Posted: Thu Mar 31, 2011 4:51 am Post subject: |
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| Spending a bob or two on gold and silver (and making profitable investments with capital in general) remains the Way of the �bermensch. Nothing could be more just than those who espouse libertarianism making a killing from putting their money where their mouth is, whilst those who venerate big government wallow, like swine, in the pit of dung that is inflation, unemployment and austerity. |
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geldedgoat
Joined: 05 Mar 2009
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| Posted: Thu Mar 31, 2011 7:34 am Post subject: |
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| Space Bar wrote: |
| geldedgoat wrote: |
| They both appear to be following similar patterns. What makes you think silver superior? |
Austrian is right. The gold/silver ratio historically has always returned to 16 (or is it 12?). It was about 70 a year ago. Now it is 38, so it still has a ways to go yet. |
I was being serious with my question. Looking at the history of each, they appear to progress have always progressed similarly alongside one another. The only major deviations from this that I can see are in late 2007 when silver tanked more dramatically than gold, and recently with silver gaining more. I thought that would mean silver would hit its bubble faster. |
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austrian123
Joined: 15 Oct 2010
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| Posted: Thu Mar 31, 2011 7:42 am Post subject: |
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| geldedgoat wrote: |
| They both appear to be following similar patterns. What makes you think silver superior? |
As another poster mentioned the historic ratio between silver and gold is 16:1. At one point the ratio was about 80:1 and now it's in the neighbourhood of 40:1. Silver will outperform gold because:
Silver is the most severely undervalued commodity in the world. Unlike gold, silver is consumed for industrial purposes and supplies are tight and there is a pending shortage of silver.
Chinese demand for silver is also off the charts. China has turned from a net exporter to a net importer of silver.
I bought my first 95k of silver at $25. I bought my next 160k of silver at $37 so my average is about $30-$31 dollars for a total of about $255k.
I looking for a 1000% to 2000% return over the next 10 years....and then I plan on quitting work altogether and retiring to a beautiful island in Thailand.
My only regret is that I didn't buy earlier because I didn't have a big enough nest egg to make the type of investment I wanted. I like to bet big or not bet at all.... |
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Space Bar
Joined: 20 Oct 2010
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| Posted: Thu Mar 31, 2011 8:07 am Post subject: |
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| geldedgoat wrote: |
| Space Bar wrote: |
| geldedgoat wrote: |
| They both appear to be following similar patterns. What makes you think silver superior? |
Austrian is right. The gold/silver ratio historically has always returned to 16 (or is it 12?). It was about 70 a year ago. Now it is 38, so it still has a ways to go yet. |
I was being serious with my question. Looking at the history of each, they appear to progress have always progressed similarly alongside one another. The only major deviations from this that I can see are in late 2007 when silver tanked more dramatically than gold, and recently with silver gaining more. I thought that would mean silver would hit its bubble faster. |
You have a weird sense of humor. What on earth was it about my response that made you think it was not serious? |
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geldedgoat
Joined: 05 Mar 2009
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| Posted: Thu Mar 31, 2011 4:52 pm Post subject: |
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| austrian123 wrote: |
| As another poster mentioned the historic ratio between silver and gold is 16:1. At one point the ratio was about 80:1 and now it's in the neighbourhood of 40:1. Silver will outperform gold because[...] |
Ah, ok. Fair enough. I admit to not knowing much at all about precious metals trading.
| Space Bar wrote: |
| You have a weird sense of humor. What on earth was it about my response that made you think it was not serious? |
Uh... my internet sarcasm detector was malfunctioning? |
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Space Bar
Joined: 20 Oct 2010
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| Posted: Sat Apr 02, 2011 12:45 am Post subject: |
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| geldedgoat wrote: |
| austrian123 wrote: |
| As another poster mentioned the historic ratio between silver and gold is 16:1. At one point the ratio was about 80:1 and now it's in the neighbourhood of 40:1. Silver will outperform gold because[...] |
Ah, ok. Fair enough. I admit to not knowing much at all about precious metals trading.
| Space Bar wrote: |
| You have a weird sense of humor. What on earth was it about my response that made you think it was not serious? |
Uh... my internet sarcasm detector was malfunctioning? |
Still not getting it. Why when I say it, it is humorous, but when Austrian restates the same exact thing, you take it seriously? |
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caniff
Joined: 03 Feb 2004
Location: All over the map
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| Posted: Sat Apr 02, 2011 12:48 am Post subject: |
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A guy I know used to pimp out a stripper named Platinum for probably about 3-4 hundred a night.
He still does it, but I think she shacked up with a guy - he's sad because she was a top earner. |
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NohopeSeriously
Joined: 17 Jan 2011
Location: The Christian Right-Wing Educational Republic of Korea
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| Posted: Sat Apr 02, 2011 7:11 am Post subject: |
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| Fiat currency is dead. Long live silver and gold. |
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austrian123
Joined: 15 Oct 2010
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| Posted: Sat Apr 02, 2011 11:05 am Post subject: |
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| NohopeSeriously wrote: |
| Fiat currency is dead. Long live silver and gold. |
Amen to that brother. |
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smee18
Joined: 24 Mar 2009
Location: Korea
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| Posted: Sat Apr 02, 2011 4:57 pm Post subject: |
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| Sergio Stefanuto wrote: |
I bought $10,000 worth of silver about a year ago. It's today worth $24,600.
There's nothing more virtuous than capitalism. |
How does you more than doubling your money on the rising value of a commodity have anything to do with virtue?
Go read Aristotle. |
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