Hey all New to this, but have been buying silver/gold for a year now (after GFC, started with small nuggets and then swapped to silver after seeing what the govmints were doing to fiat (wheee this printing games easy lol)) Got delivery of my 1st ounce of gold 2 weeks back (2002 QE2 ascension pack, picked up the ounce at spot, as a mint coin with a silver 50 cent included ;-) IMHO silver has the most upside at the mo (GSR, re-monetisation, medical/industrial uses and currency devaluation), hopefully can swap half my stack for gold at 10:1 on the overshoot, but will be happy at 15:1 (started at 45:1 ;-) My 5 cents worth...
The question I ask will those holding the gold be willing to swap it out to silver if the GSR gets to say anywhere between 15-20/1 ? I for one wont be.
I believe both are going to rise over the next 3 months, so i am not going to dabble in the swapping ratios just yet. End result - buy both. 65% gold 35% silver.
Dont worry - there'll be many out there willing to take up the slack. there are always people out there willing to sell gold or silver.
Points taken. I believe though that people here dont mean that silver cant go down, just that its nowhere near reaching a point of overvaluation at this point, so as far as its current position in the price cycle is - well yeh - it is a no-brainer that it can only move up from here - and a lot faster than gold will too. The property spruikers are in a league of their own - no comparison ;p
My last buy was a measly little 1/2 ozt of gold. It looks so tiny! But before then, mostly silver. Both are on their way up up up so whatever, you can't go wrong. This bull market has plenty of life left in it, I think, so it really comes down (for me, anyway) to (1) maintaining my Au:Ag ratio to 1:4 (in dollar terms), & (2) how much Ag volatility I can live with.
If money really is that tight... if you have to save so much just to afford 1oz of gold. It's probably not a good idea to buy gold, perhaps go 100% on silver instead. It's better to have a bunch of coins of low value than a single coin with high value. But if one day you got other source of income or able to acquire more cash, that maybe the time to diversify into gold.
