That's good logic mate. And $20 was not ages ago, if a year for price doubling is too long for someone, they need to get off 'tulip' island and crash land from the moon back to real life.
I think I will look for a double top like last time... The first time it hit $49 Gold was about $1516 and the second time it hit $49 Gold was about $1560 ... Before that it had been going up 10cents every time Gold went up $1 give or take.... If something similar happens again where it seems to run out of steam while Gold is still pushing ahead then I will consider taking some profits. The problem is you have to be quick and/or see it coming.
Sorry guys A bit strange !? Most people are planning on swapping when it hits $45/oz The GOLD holders ALSO remember what happened when silver breached $45/oz - and i dont think they will be willing to part with their gold at aroudn 32:1 - especially not when part of the forum is ANNOUNCING/REVEALING in advance that they will be doing that - ( kinda implies that when silver is above $45/oz all bets are off and spot may collapse to $30s) Next time silver reaches $45 /oz ( whenever it does so, next month or in december ) it will not be collapsing in price like last time !?
yep right on THUCYDIDES79. Thats what i think to. Going to be hard for everyone to hold on past the high 40s
If I can't get a good price on physical gold I'm going to use bullionvault (or maybe goldmoney... still deciding between them) and get some allocated gold instead.
There are, eBay & spotmex & dealers. But for us here in Australia SS is easiest. But the Silver holder's investor's psychology is similar everywhere - when silver runs up to $45 it will be interesting to see the swaps - i believe that the silver holders wont get the TRUE GSR ratio swap - the gold holders will be demanding a DISCOUNT of at least 3-6 gsr points due to the take down. Since last time silver spot collapsed at $49.50USD i dont believe it would happen the 2nd time around and gold holders will come out on top from that deal.
USD$ 8.3732 Thats my average by price, I have been on this silver ride for some time. The only silver I have been trading is round 1966 50cent coins. Making just under $10K last FIN year. I will be selling 25% of my stash at $90-$100 per ounce, 25% at around $200 per ounce. And the other 50% will not be for sale.
This may be true as the available silver coins are hoarded tightly. but when gold holders are watching the speed of silver price up move, they will also want to get into to that move. when the gold are put up for exchange into silver, there will be no one willing to give up silver, hence the fastest one to give silver up most likely to get the gold. the move is faster in silver than gold either up or down. but when both are going down, gold hold out better, silver just tank. The swap ratios should be based on the cost of acquiring the metals. so this is a double check balances, gold is relatively cheaper when there are more plentiful in certain area, eg in Europe gold is more plentiful, so better to sent it to the USA and swap for silver, in the US silver are plentiful compare to Europe. rounds trips + more is what a stacker in Eu can get. A stacker in US get a better priced gold. hence the swap too place. If I can get better form of silver, I will sent over my small golds coins to swap them with stacker in oz land. unfortunately the swap window is already closed. so next one will be open for silver swap into gold again, will be patiently waiting for that one again. there is not much volume to do this kind of thing as we are dealing with other individuals. a few ounces of gold here and there only.
I think GoldMoney is better than Bullionvault and I have a significant stack with them, but do your own research.
$40 looks so much nicer .. Id forgotten how much better it was than the thirties..... Gold Breached $1600 too...
