Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Turning GOLD in to SILVER ?
>
Reply to Thread
Message:
<p>[QUOTE="KeyHunter, post: 26683912, member: 122558"]IMO the gold/silver ratio bit is an obsolete and outdated concept...IF there was ever any validity in the first place. Selling gold for silver is folly. Holding some core silver hoping for appreciation is OK I guess BUT historically it has has been a horrible hedge against inflation and I'm glad I sold my multi year accumulation a number of years ago in favor of gold. The future of silver...who knows but you will never get rich off it. Fundamentally it remains primarily an industrial metal and, like copper, highly volatile. My Maryland LCS shop owner and metals mentor (RIP) taught me, and through experience and further study, that silver is only a tool and gateway to gold. "Accumulate large piles of silver and convert it to small piles of gold"...the process goes. Repeat, repeat, repeat. My silver stacking days were VERY educational and I think the current situation coin shops and smelters stopping purchase is telling you something important...your silver is worthless if no one will buy it. Everyone may have even waited to long to sell it and convert to gold so you are stuck with it for the time being while the price bounces up and down...then further down to a new lower average. 2026 is when I shift from completed foreign gold collections and start buying Pre 1933 gold anyway...the only silver will be to keep existing collections current.[/QUOTE]</p><p><br /></p>
[QUOTE="KeyHunter, post: 26683912, member: 122558"]IMO the gold/silver ratio bit is an obsolete and outdated concept...IF there was ever any validity in the first place. Selling gold for silver is folly. Holding some core silver hoping for appreciation is OK I guess BUT historically it has has been a horrible hedge against inflation and I'm glad I sold my multi year accumulation a number of years ago in favor of gold. The future of silver...who knows but you will never get rich off it. Fundamentally it remains primarily an industrial metal and, like copper, highly volatile. My Maryland LCS shop owner and metals mentor (RIP) taught me, and through experience and further study, that silver is only a tool and gateway to gold. "Accumulate large piles of silver and convert it to small piles of gold"...the process goes. Repeat, repeat, repeat. My silver stacking days were VERY educational and I think the current situation coin shops and smelters stopping purchase is telling you something important...your silver is worthless if no one will buy it. Everyone may have even waited to long to sell it and convert to gold so you are stuck with it for the time being while the price bounces up and down...then further down to a new lower average. 2026 is when I shift from completed foreign gold collections and start buying Pre 1933 gold anyway...the only silver will be to keep existing collections current.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Turning GOLD in to SILVER ?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...