Hey all, In a situation at the moment where my Mrs is going to get back around $17K from an investment gone bad (online trading). She put in quit a bit more but is not going to plan so she is going to cut her losses and walk away with around $17,000. Anyway she (we) are thinking to put this into PM's (physical) as in this financial climate it seems the only thing with some kind of safety. I'm fairly new to stacking (around 6 months) and have a few Kgs of silver and a little gold already. Just looking for opinions on what you guys think? 50/50 silver/gold, all silver or all gold or something else entirely etc etc. Many thanks Jimmy
Welcome to the forum, I would without doubt recommend you put this money into silver and gold (physical bullion and in your hands only). Personally ( and it is only my opinion) I would place 3/4 into gold and the rest into silver, but that is just me, there are people here who will recommend all silver or all gold. Read up on the forum, do your own due diligence and decide from there, either way, all in precious metals is the way I would go in this economic climate. Good luck !
I'm 50/50 gold/silver. That's one ounce of gold for every ounce of silver :lol: Seriously, my first PM purchases were silver but then I started reading FOFOA and it just felt right to me, so I stopped stacking silver. Besides, silver is a pain in the arse to store and transport. Let the lynching begin.
1/3 silver, 1/3 gold, 1/3 cash. You never know when an opportunity will present itself, so stash some cash in a UBank account and get 5% in the mean time.
Send it to the renovator foundation for underprivelidged tradies . Pm me &il give you the bank details . Thanks :
I would recommend you to stack sugar, because it kind of give you an option that you can eat it and still feel sweet. you have to stack it real quick because Bernake goint to announce QE3 and you cant stack it as cheap as now
I'd be 75-80% gold, the rest silver. There is a case for keeping some powder dry too, and maybe even for buying in several tranches to even out pricing, though personally I think today's price is fine, but we could well see some dips with the current volatility that might make you think "I wish I'd waited a couple of days" hehe. Just put it into gold and silver and forget about it
My opinion is you shouldn't take financial advice from online forums... ... oh and disclosing your financial details with amounts, to the world, is probably not a good idea either...
My 2cents thought....I will go 1/4 gold n 1/4 silver to start with and keep the reminder in cash for addition to your stacking (eg.snake coming soon) or for rainy day. For PM, (some may disagree) I choose lunar first and then kookaburra. The backdated kook coins are currently emerging now at low premium. Again, what I have been thought by the peers here whether you are after ounces or numis. I do mix Learn not to implusive buying. Buying physicals are more enjoyable then trading d**ned stocks (again, some may not agree with this). Happy stacking n welcome to the one of most heaviest traffic community in PM. LD
When you guys talk about 1/3, 1/4, etc gold/silver do you base that on oz's or dollar value? i.e. for $10k at 1/2 gold and silver would you buy 5k worth of gold and 5k worth of silver, or more like 9oz gold ($9600) and 9oz silver?
The price of gold has been fluctuating sideways all of 2012, and silver has been decreasing gradually. So... I would: 1) Buy 1 oz gold kangaroo. (Don't buy fractionals.) 2) Buy some silver. You decide the amount. Based on my buying experience in 2012 (earlier years are different, as price was ascending), watch the gold price, and when you can purchase another 1 oz gold kangaroo for $25+ cheaper, than your first buy, get another one. Average out the cost price for these two oz of gold, and then, when you can apply the same rule again (to your average buy in price), buy another oz. In earlier years, if you had gone *all in* on gold, then it would have worked out well for you. But not so over last 18 months, so just ease yourself in. There's no rush.
By value, i.e. 5k gold, 5k silver. Personally I'm very skewed to gold in my stack, but will probably switch back to buying some silver should the GSR go over 60.
This gold silver ratio table is very interesting (haven't copied it in / snapshotted it, as this website owner would not be happy). http://www.taxfreegold.co.uk/goldsilverratioshistoric1970onward.html You can see that the ratio ascended continuously from 1970 to 1991, and ever since its been descending. So it begs the question, what was special about 1991??
Or you could view it as your emergency bug-out fund. Therefore: Gold: 5 ounces in mixed sized coin/bars/blobs and some gold jewellery to wear, rings, bangles(for your girl) and necklaces(also for your girl unless you're a Wog) bought off ebay at below spot or at spot incl postage. 5000AUD in a Foreign bank account (not USD, JPY, Euro, CHF or GBP), say Singapore or Malaysia or a country you have cultural or heritage links with, say in Sth America or eastern Europe. Difficult to open unless you visit the country or there is a branch in Oz. I'd prefer going with a bank not in Oz though. 2000AUD in Bank Of China account CNY demand deposit account 1000AUD under the mattress in mixed denominations NOT TO BE TOUCHED UNLESS NEEDED! 1000AUD in silver ie round 66's, or some other type of poor peoples money to be used for bartering. And get a passport with the funds if you don't have one.
Geez that sounds like a tin foil hat wearing lunatics suggestion . I didnt realise you had been near the microwave with your tinfoil hat again :
Coming from someone that's spent the better part of 12 months OS building a "retreat" (ie Gaysecksklub ) I take that as a compliment.
Put it all on red at the casino!! u never know u could make that 17k into a lot more in SECONDS!! bwahahha :lol:
