Discussion in 'Bullion Investing' started by goldcollector, Apr 17, 2017.

  1. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    I'll help you with some more math. A couple months ago somebody I know traded 4 ozs of gold for 440 ounces of silver, yesterday that guy traded his 440 ounces of silver for 5.75 ounces of gold. Is this still a horrible idea?

    I'm still of the belief that somebody here is really bad at math, that or just not very intelligent at all.
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  3. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    From 11.70 and now 26.70 over a period of less than 6 months, can we say this is a good steady increase for silver and one of the best in recent years? I feel like even this though won't impress platinumcollector. And while it's slight the GSR is now correcting a bit.

    76 this morning when I compared the two.
  4. goldcollector

    goldcollector Member

    Coinhoarder yes it's impressive. All PM is on fire. I'm making a killing on my Platinum and my gold is at an all time high now. To be honest, you do realize that when silver was $11.70 the absolute lowest you could buy it for was $20 and most was $25-$30. I'm sure your LCS was selling it to you under spot but every place else in the world was $20 +. Check sold eBay listings at that time. Everything was selling at double spot minimum.
  5. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Then you buy SLV and lock in your price. It's a no-brainer.
  6. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    The GSR is now down to the 71 range....and something tells me that it will keep falling...not sure to where...but falling...or failing like somebody in this thread???
  7. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    Next year we may be seeing <60 GSR's. I won't go too optimistic in my prediction, but something MoneyChanger is probably watching right now.
    Tuco and GoldFinger1969 like this.
  8. goldcollector

    goldcollector Member

    Nope Coinhoarder not gonna happen. I said under 60 would never happen again 4 years ago when I posted this thread and it never has.
  9. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    Posted that when it got within reasonable reach. It wasn't some wet dream ;)

    Before, sure I was going for <80 GSR. But obviously we've gone beyond that point.

    Silver surpassed my previous predictions of topping out at 23-24 dollars by end of the year. Can we all say it's done more than we thought?
  10. Tuco

    Tuco Active Member

    We're heading to a GSR in the 50s in the next 6 months. The perfect storm of economic, political and social conditions that many noticed increasing last year is here, and we're just in the early stages.

    He agrees :D

    xCoin-Hoarder'92x likes this.
  11. goldcollector

    goldcollector Member

    Yes coin hoarder it's done more than we thought. As have Gold, Platinum, and for sure Palladium. The silver crowd has come out of nowhere. It's not even back to where it was when I started this thread. The GSR was recently at an all time high. A forever in all of history high and the silver crowd was avoiding this thread like the Rona. It kind of had no where to go but down. I was the only one in this thread saying it would go back down when it was at 122. Yes I didn't expect it to go down this much though.
  12. Mr Roots

    Mr Roots Underneath The Bridge

    “It's not even back to where it was when I started this thread.“

    Thats irrelevant when it comes to playing the ratio.....volatility is what matters, this might be the best time in history if you can time things right.

    ...and I’m not the “silver crowd”
    losthomer likes this.
  13. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I don't like just pulling numbers out of your......:mad:
  14. goldcollector

    goldcollector Member

    Not true at all. There is volatility in everything. The silver crowd had been screaming about how silver was the better play since the GSR was in the 40s, yet somehow magically they are holding Gold when the GSR hits 100 ????. Lol. That in itself proves most aren't actually in the PM game, not for much anyway. Most just wait and see which way it moves and whatever turned out to be the right move, yep that's what they did.

    I started this thread at GSR 68 and that was after the GSR had just doubled from the mid 30s. At no point has the GSR ever gone under 68. And it never will. I said in the first post it would never go back to 55 and it never has.

    With this recent run-up virtually all the silver crowd has come on out no where now making outrageous predictions - $50 all the way up to $350. But trust me when it tanks back ~ $20 they all sold within a few pennies of the high. Lol. Sorry it doesn't work that way in the real world, only here on the internet.

    See here in the real world I now have 74 ounces of Platinum and it's down about $2500 today. I don't get to say I'm glad I sold my 74 ounces last night at my LCS at spot + $50 and bought back at a different LCS at spot this morning after the drop. That is silver crowd nonsense. So let's see coin hoarder, someone held their gold through the 30s,40s,50s,60s,70s,80s,90s,100s, and then just decided to trade for silver at what turned out to be the all time high. How convenient. Welcome to the internet. And of course they got the silver at pretty much spot when it was selling for over double spot everywhere in the world. How lucky.

    GSR 77
  15. goldcollector

    goldcollector Member

    Hey I'm Mr Silver Crowd

    Silver is going to $300 easily. It's the most undervalued asset in the world. It's just being manipulated and I'm being cheated by the big mean banks. It's going up to the da moon now. Who cares that us silver Crowder's are always wrong. This time will be different and here is proof. Silver has doubled all the way to $29.85 and that's nothing. This is just the beginning. It's going soooo high.

    What it tanked back to $20 and stayed there after running up to a high of $29.85 ? Boy I'm glad I sold all mine at $29.83.
  16. Jeffjay

    Jeffjay Well-Known Member

    It always has been and always will be manipulated by those that hold millions of ounces.
  17. goldcollector

    goldcollector Member

    As soon as it tanks we always start hearing the word


    LOL. Why be in an Asset that you think is so heavily manipulated in the first place? And why would those who hold millions of ounces ever manipulate it downward?
  18. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    How did I know there would be a thief in here crowing?
  19. Jeffjay

    Jeffjay Well-Known Member

    Manipulate it up, sell then repurchase at lower prices. Manipulate for gain.
  20. goldcollector

    goldcollector Member

    Oh so the price increase was a fake, manipulated increase and it's true value is much lower. Makes sense to me now.
  21. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    I don't think so. My opinion is it was more of a case of euphoria taking over and new or inexperienced traders rushing in and probably over extending. The pros sense that based on the unsustainable rise, so they start selling off in a hurry to take advantage, inexperienced get caught and have to sell off, but just a little later than they should, so panic sets in and a serious sell off happens.

    That's probably ok in the long term, as that kind of rise is not only not really sustainable, but probably not healthy.
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