So....here we go again!

L

Lurkalot

New Member
The start of a new week (London starts Tuesday) and Kitco is showing me 47.48USD.

Should be an interesting few days coming up.
 
Did you see Palladium and Platinum? Trading for margin only. Lost all value. Wish I had the chance to buy now, but it will sort itself before EU markets open.
 
GSR = 31.68 and falling ....

So who wants to swap me their silver for my gold?? there MUST be lots of takers now ... ;0
 
I want to trade silver for gold at 20:1, but am wondering if anyone will be willing to trade my silver for their gold when at that ratio. I might have to sell the silver & buy the gold, and take the premium hit both ways. :(
 
Yippe-Ki-Ya said:
GSR = 31.68 and falling ....

So who wants to swap me their silver for my gold?? there MUST be lots of takers now ... ;0
Click to expand...

If someone purchased 31 kooks back in january 2011 for $38 ea.

And now there about $50 ea

It works out that the 1oz of gold cost you only $1178

So it's like your paying the price back in 2009.

Intreasting.....
 
pmfiend said:
I want to trade silver for gold at 20:1, but am wondering if anyone will be willing to trade my silver for their gold when at that ratio. I might have to sell the silver & buy the gold, and take the premium hit both ways. :(
Click to expand...


Yup
 
I have been thinking of putting up a stop sign on my silver buying except if I see something well under spot.

With the AU$ so strong at the moment, I think now is the time to buy gold. With the gold price around AU$1400, it hasn't moved up in price for some time .

There will be a large increase in the AU$ price of gold if the AU$ were to fall even back to parity with the US$.

A GSR of 30 to1 might be the right time to do it before a lot more try to do the same thing.

If the Chinese economy goes into any severe downturn the AU$ could drop quickly. A lot of PM forecasters are all forecasting that the price of gold will continue to rise.

What effect will QE3 (if it eventuates in June) have on gold prices.

Gold may be like silver, get on the bus early and enjoy the ride.

I was thinking of buying gold when the GSRratio went to 40 to 1. I was wrong then but you can't be wrong all the time. You must make a decision and hop on the roller coaster.

Regards Errol43
 
Nub Cannon said:
I'm waitin for the drop like a good dubstep song :P
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I'd be ok with it dropping like yesterdays bad baked beans stew surprise, but I'm all out of paper for the next few days.
 
Seems like silver has been bouncing of the 20 day moving average in corrections lately.Thats now about$37, about 15%.
Might be good to think about buying then.
 
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