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<p>[QUOTE="qsilver007, post: 1465864, member: 34667"]For bullion investors who watch all ofthese and current events. the 1530-1550 area had become a friendly place to buy gold. silver is laggin as it usually does, but platinum has now ounced over 100 dollars from its low two weeks ago. Also the gold silver ratio keeps testing the 57:1 ratio. People I talk with believe that after Europe throws a few trillion dollars at the markets, to temporarily save the banking system, PM's should fly. Obviusoulsly funds will pour into Gold, but the Gsr should start moving down toward the 47:1.....50:1 area assuming gold rallies to highs 1600's which has been the near term range top. Silver is still very near it low range of 27.00 to 37.00. If you are new to silver investing buying 80% canadian silver or 80% canadian proof sets are good as they are much more rare than there american counterparts, and as the RCM gains more notoriety, Canadian silver should trend to a preium to spot just liek American silver. After all the Canadian dollar has now birtually been on par or better than the US dollar for 5 plus years. Just my thoughts, but with 1630 gold, buying silver at 28.50 or platinum at 1480 seem like very friendly trades/investments. Just as the US had a major scare in 2007-2009, Europe is going through the same crisis, except the here in the states, the problem was with companies, ther it is countries. Greece is the least of the problems. Italy has the thrid largest bond market in the World. When the funds wake up and get out of there fiat paper currecny/bonds notes, the natural investment is the precious metals. For us coin collectors, we all know gold and silver were the only money in pretty much every country for all of eterninty less the last 50 years or so. As for the argument precious metals dont pay interest...........in 2000 the SP 500 was in about the same place it is now gold was around 350 and silver 4.00 so call ti waht you want i call it making money.............just some random thoughts............stay strong...........stay long silver.................it is one of the only global currencies with no central banker..................it cannot be created out of thin air, on the contrary, more gets consumed each day than produced..........................sincerely.............qsilver007[/QUOTE]</p><p><br /></p>
[QUOTE="qsilver007, post: 1465864, member: 34667"]For bullion investors who watch all ofthese and current events. the 1530-1550 area had become a friendly place to buy gold. silver is laggin as it usually does, but platinum has now ounced over 100 dollars from its low two weeks ago. Also the gold silver ratio keeps testing the 57:1 ratio. People I talk with believe that after Europe throws a few trillion dollars at the markets, to temporarily save the banking system, PM's should fly. Obviusoulsly funds will pour into Gold, but the Gsr should start moving down toward the 47:1.....50:1 area assuming gold rallies to highs 1600's which has been the near term range top. Silver is still very near it low range of 27.00 to 37.00. If you are new to silver investing buying 80% canadian silver or 80% canadian proof sets are good as they are much more rare than there american counterparts, and as the RCM gains more notoriety, Canadian silver should trend to a preium to spot just liek American silver. After all the Canadian dollar has now birtually been on par or better than the US dollar for 5 plus years. Just my thoughts, but with 1630 gold, buying silver at 28.50 or platinum at 1480 seem like very friendly trades/investments. Just as the US had a major scare in 2007-2009, Europe is going through the same crisis, except the here in the states, the problem was with companies, ther it is countries. Greece is the least of the problems. Italy has the thrid largest bond market in the World. When the funds wake up and get out of there fiat paper currecny/bonds notes, the natural investment is the precious metals. For us coin collectors, we all know gold and silver were the only money in pretty much every country for all of eterninty less the last 50 years or so. As for the argument precious metals dont pay interest...........in 2000 the SP 500 was in about the same place it is now gold was around 350 and silver 4.00 so call ti waht you want i call it making money.............just some random thoughts............stay strong...........stay long silver.................it is one of the only global currencies with no central banker..................it cannot be created out of thin air, on the contrary, more gets consumed each day than produced..........................sincerely.............qsilver007[/QUOTE]
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