Lol. You don't even have to say 40 AUD. Pretty sure if it reaches 30 AUD people will start cashing in already.
Tbh, I think the GSR is only going to increase more than decrease. So better to stack gold instead of silver?
Well cos if it's truly going to 100, means you can sell 1oz of gold later and buy 100oz of silver. I'm assuming you are saying silver will triple so isnt' that a foolproof strategy? :lol:
Apparently gold has been stronger than silver; when silver dropped from 30USD to 15USD losing half of its price; gold didn't go down that far, not even a third. Just presenting the fact
When PM's fall in price, silver falls at a faster rate (percentage), when PM's rise, silver rises/gains at a faster rate (percentage). Back in 2011 the gold/silver ratio got to about 32, down from a high of over 80 just a few years before. If one believes PM's will keep falling then gold is better. If one believes PM's are going to rise, then silver is better, based on historical averages. http://www.infomine.com/investment/price-ratios/gold-silver/10-year/ Jim
For gold to double it would have to smash all time highs by a significant margin, for silver to double it only has to go to 60% of the high it's made twice and way less than half it's inflation adjusted all time high, that's why I like silver. Gold goes back to all time inflation adjusted high: $2068; you make a little over 80% in 2015 dollars. Silver goes to all time inflation adjusted high of $138, then you make 860% profit in 2015 dollars, even against the 2011 high you're up 240%.
This is why I sold 1oz gold for 1oz platinum. (And I put nearly $100 in my pocket) lol HUGELY bullish on silver myself, just waiting for some support before I invest heavily again. If I can wait a month or two to buy more OZ of silver for the same amount of cash - that seems like the best play for me.
What about buy at $4 and sell at $25? I actually know people that would argue that is a shit deal compared to buying at $40 and selling at $250. I guess we need these people to do........................................ Actually i can't think of anything. I was going to say do our lawns or clean our toilets , but i have done both of those things in my time and they are great stepping stones if you work as hard at them as you would for anything else "MORE IMPORTANT"lol
if we hit 40 again you expect most of stackers here will sell? if they do they come back to buy after it hit 60 again. maybe you shake out the people who bought at high and they are able to sell at prices they once have bought. a lot of fresh money comes into markets that is going up and this will not let stopthe market at the old high
