2011 GOLD high $1,500.00, SILVER high $24.00

Sounds like a good of a plan as any! Good luck! My silver to gold ratio is very lopsided, obviously due to the cost of gold.....

 

Log in or Sign up to hide this ad.

keep watching that silver price... $33.09 silver and 1396.50 for gold is a 42.2:1 ratio... silver finally gaining ground and gold is sluggishly going up...it might be a good time soon to sell off silver and buy gold if one were to think the ration we got now is out of whack and should be 56:1 like 18 months ago...

 

Wow look at that, currently $33 for silver right now. I love how the rest of the world keeps going and nothing shuts down just because it's Sunday or tomorrow is a holiday.

I understand that the weekends are meant for a break or downtime, but I've always hated that the hours and what's aired on TV are different.

If I ran a brick and mortar business like say a Pizzeria or some kind of restaurant, or car dealership, I would keep the same hours everyday! 8AM - 10PM.....

If you think about it, when is the best time to pick up business? On weekends when everyone isn't working! A bunch of my local car dealerships are closed on weekends!!?? It's like WTF are you thinking? So you want ME to take off work on a weekday so I can buy your car?

Sorry, went on a tangent there...

=)

 

In other parts of the world it's Monday, not a holiday, and regular business hours. The rest of the world does not run on US time. There is ALWAYS a market open somewhere!

 

I'm not exactly following you on this but I am trying to be cautious too...probably the best way to explain what I'm doing is with numbers

say I originally bought 100 ounces of silver for $1700 and now if I sold it for say $3300 there's $1600 in profit... so I decided I would put in $1600 more from my pocket... if I bought say 48 ounces with that for 33/oz I'd have 148 that I paid $3300 for in all now as long as silver doesn't drop below $22.29/oz I'm still in profit and protecting the value I have invested...

so basically if your worried about keeping a certain % of profit don't buy anymore but if your interested in keeping more value safe you might want to consider buying more til you hit your stopping point for exposure mine is set at $26/oz and if it starts to tumble below $30/oz I think I'll sell half and watch it fall to it's baseline and rebuy in...

don't trust my imput on here for your own investing decisions but it's always good to have a plan and know exactly what your ready for.

 

That is correct and that's what I like....now, it's not just a USA thing, I'm sure they have holidays too where we continue our business.....all I'm saying is, it's nice that PM's don't take a break...other than weekends of course...

 

Didn't mean to have any hidden message of any sort. I was just being straight forward that I haven't done a damn thing so far in terms of PM purchases or sales...

I'm not the most astute investor out of the bunch that are here on the boards, but I really do feel safe with my PM's in wealth protection. Again, I don't have any real desire to collect PM's for profit purposes, of course that is only a plus. But any profits is really just numbers that go against the value of the USD. So you can make a profit, but the items you buy are higher too...
But hey, it's better to be in that kind of position rather than to have only USD holdings, and still pay a higher price for commodities..... I look at that as a double whammy!

 

The silver action is nothing like a market day in US, even though Asia is participating, the trade is in the 1 and 2 contract range15 -20 seconds. About 60 up for 40 down at the moment, 33.075.

 

You did good. I am not sure I could have done that. I have maybe two AGE. Maybe if I had 20 of them, I might be willing to trade a few off, but I doubt it. I really like the gold bullion and coins.

 

gold break $1,400.00 mark again to a high $1,404.90 in europe. silver $33.58.

 

Why not ? Silver has outperformed Gold recently and I also am one who expects it to continue. Silver as a item for people who want to own some PM's as "insurance" is affordable and "spendable" should events occur that makes currency worthless. ie; it's easier to buy a loaf of bread with a "Rosie" than a "Double Eagle". Much like in the "Gold Rush" days when items were actually purchased with gold. Vendors had scales to measure small quantities of dust because most items did not sell for the price of a coin.

But even this morning Silver has jumped over $1, while gold has risen $16, but the ratio is near 60 to 1. For us smaller guys Silver is better by far.

 

I think gold might gain 2% today while silver could go as much as 5% ?

 

Can someone please edit the title of this thread and change the "2" to a "3" in the silver price?

 

Ya good idea since it's $34 today.

 

Would someone please tell me what is prompting metals to climb today? Specifically? World events? What? Thanks, lucyray

 

I'd guess Libya et al. I also wonder if having US markets closed is increasing volatility, since the remaining active markets are smaller...?

 

Yes I'm guessing world events.

 

That's probably the best guess right now....

 

Silver Bid 33.90 ask 33.95

holy crap! I wonder if this would be a good time to sell and wait for the prices to drop...this seems too all of a sudden a climb without it dropping in the same fashion...

 

I suspect the level will hold until the Libya situation calms. Have you noticed gasoline prices this week? Should be up at least 5+ cents/gal regular, Light sweet crude up $5, heating oil also ( sorry for the frozen members who are running low), natural gas seems to be good. If no change, I expect down stock market except energy and commodity related, and those may be outstanding, but IMO, as things can change quickly.

Jim