The Gold vs Silver conundrum

Discussion in 'General Precious Metals Discussion' started by intelligencer, Jul 12, 2011.

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  1. intelligencer

    intelligencer Active Member

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    Well I think we saw last night what is very revealing to anyone whose ever wondered which metal passes the acid test of wealth preserver.

    Gold up, silver down.

    It can't get clearer than that. In buoyant times silver can have some of the qualities of gold as money/liferaft to safer economic times; but our times are not buoyant. Things are looking more desperate and calamitous by the day.

    The massive coiled up spring which is gold will be cut loose at any time now and people are going to be left dumbfounded.

    All the naysayers, all the bubble talkers, will be answered.

    There is nothing else like gold, nothing :)
     
    intelligencer, Jul 12, 2011
    #1
  2. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    What's the Gold market like at the moment Intelligencer?...big premiums over spot?...waiting times?
     
    Clawhammer, Jul 12, 2011
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  3. fishball

    fishball New Member Silver Stacker

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    Gold and Silver have both shot up ~6% over the last week, depends on how you look at it really.
     
    fishball, Jul 12, 2011
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  4. Diablo21

    Diablo21 Member

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    The problem for me with gold is I can't afford 1 oz coin/bar per month and I could instead buy a smaller coin monthly but then premium just gets bigger.
     
    Diablo21, Jul 12, 2011
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  5. Blockhead

    Blockhead Active Member

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    those same coins hold their premium on resale. Fractional gold is where it's at.
     
    Blockhead, Jul 12, 2011
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  6. Peter

    Peter Well-Known Member

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    Same thought struck me when I saw the chart.
    Gold driven by fear,silver by greed.
     
    Peter, Jul 12, 2011
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  7. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

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    looks like greed took a hit this morning then
     
    Naphthalene Man, Jul 12, 2011
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  8. Diablo21

    Diablo21 Member

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    That's true indeed, might have to start buying 1/4 oz coins next month.
     
    Diablo21, Jul 12, 2011
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  9. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Think more fractionally than that !
     
    Clawhammer, Jul 12, 2011
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  10. alor

    alor Well-Known Member Silver Stacker

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    deleted
     
    alor, Jul 12, 2011
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  11. aleks

    aleks Well-Known Member Silver Stacker

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    Bull trap :)
     
    aleks, Jul 12, 2011
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  12. JulieW

    JulieW Well-Known Member Silver Stacker

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    JulieW, Jul 12, 2011
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  13. Dwayne

    Dwayne New Member

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    Dwayne, Jul 12, 2011
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  14. Diablo21

    Diablo21 Member

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    Go down to 1/10 or 1/20th? or even lower?

    Below are the lowest prices I could find, in CAD.

    Spot: $1,505.59

    Price Premium


    1 OZ Maple $1,566.00 3.85760%
    1/2 OZ Maple $817.00 7.85863% $1,634.00
    1/4 OZ Maple $416.00 9.51983% $1,664.00
    1/10 OZ Maple $174.00 13.47184% $1,740.00
    1/20 OZ Maple $102.00 26.19657% $2,040.00
     
    Diablo21, Jul 12, 2011
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  15. Blockhead

    Blockhead Active Member

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    if you look around on ebay you can pick up fractional world coins for much better premiums.

    those prices on maples are comparable to perth mint coins. maybe even slightly cheaper at todays price.
     
    Blockhead, Jul 12, 2011
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  16. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Yeah, that's what I was thinking.

    Even with the higher premiums, the smaller initial outlay of the small fractionals will make them easier to shift to bogans when gold goes into a bubble and ownership becomes more about bragging rights rather than a sound investment!
     
    Clawhammer, Jul 12, 2011
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  17. Diablo21

    Diablo21 Member

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    Thanks guys, I'll start looking around ebay and pay more attention. Pretty new to all this. BTW, just calculated premiums on 1 Oz silver maples and they're in the +11% range :mad:
     
    Diablo21, Jul 12, 2011
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  18. goldpelican

    goldpelican Administrator Staff Member

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    Personally I avoid 1/20oz and smaller - any coin you need an eyeloupe to read the size on... well...

    Even 1/10oz can be an eyestrain sometimes - but that's my preferred fractional stacking size, followed by 1/4oz, then straight ounces. If you think about it, silver can cover your "fractional" requirements, and gold cover your "bedrock" requirements in a hyperspot scenario. Say gold hit $10k/oz, and the GSR ballooned out to 100 - an ounce of silver would only be $100, yet a 1/10oz gold would be $1000. If the metals remonetised, the guy holding the bag of threepence would be laughing.
     
    goldpelican, Jul 12, 2011
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  19. errol43

    errol43 New Member Silver Stacker

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    I'm waiting till the S/G ratio drops to 30 to 1..Was on the verge of doing that a couple of months ago but waited just a little too long and low and behold, silver dropped back to 40 to 1. It nearly got to 30 to 1. I'll just have to wait and I might just happen to get one chance at swapping silver for gold.

    However, if you see fractional gold at a good price, why not buy now..It pays to follow the prices closely so if you happen to come across a good buy, don't hesitate. :)

    Regards Errol43
     
    errol43, Jul 12, 2011
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  20. Peter

    Peter Well-Known Member

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    Aussi $200 and $100 are about 1/3 oz.One on present forum(diana) at 4%above.
     
    Peter, Jul 12, 2011
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