savetheclaypigeon

Just curious as to what you guys hold as realistic targets for Silver (and Gold). I must confess to putting these numbers into a calculator at times and shaking my head in disbelief. It can't go that high can it? And would we want it to. There would be one hell of a mess if that were the case, at least in the financial world. But I don't buy into the carnage in the streets scenario so readily. So I'm interested as to what potential numbers the folks on GEI are holding in their heads. Truth is, I don't really know. Is this historical ratio accepted as the norm. Or are others more conservative?

Sold all my Goldmoney silver today so, using my dismal record of market timing as a contrarian indicator, I'd say it'll have doubled at the very least by Chrimbo!

Talk of parents is infantile and unproductive. I'm often amused by the bravado displayed by people on internet forums. I can't imagine it overflowing into the real world... But I agree with the broader point about the sainted Cgnao. I've only ever known him to make terse, apocalyptic proclamations with no depth or background. On that basis, the concordant level of hero worship he is afforded by those on GEI seems both baffling and, frankly, a wee bit tragic. It's interesting to hear that "back in the day" he was more of a normal poster with a obvious breadth of knowledge and thoughtful arguments. Unfortunately, when that was happening I was slurping cider on a street corner, or something equally productive, and thoughts of financial armageddon were a long way from my mind! It would be nice to see the old Cgnao back, so some of us "young un's" can see why he is held in such a high regard. But I can understand him getting hacked off with the mouthbreathers on HPC! Faith in the British Isles can be lost in double quick time over there...

http://kingworldnews.com/kingworldnews/Pod...ter_Schiff.html Hope this is it. Bubb posted it in his mini thread on the Tampa housing market.

Thanks for the input guys. I take GF's point about the inherent risk but if you use your silver trading as a means of adding to an untraded core holding of gold, it seems unlikely that you'll get caught with your pants down, even in such a turbulent market. A ratio of 50:1 seems to be the collective watershed. I think ziknik may well be proved right about a degree of resistance at this level. I suppose an overshoot down to 35:1 would just be greedy

Got a question for you Pixel8r, and for the rest of the guys... What are your guideline ratios for swapping back and forth between metals? I think romans holiday said he was looking for about 50:1 before switching from silver to gold. Do you, and everyone else for that matter, have similar ratios? I ask as I've accumulated a healthy core position in metals now and the idea of trading the silver fluctuations to add to my gold makes a lot of sense to me.

I know what you mean. An opposing view is healthy. If you're surrounded by people agreeing with you and telling you how right you are, it can be damaging. I mean, look at Robbie Williams!

I know what you mean. If it wasn't for the reasonably sane Edinburgh board I wouldn't even bother. The main forum is pretty depressing. If I wanted to watch hundreds of people obstinantly shout ill-informed opinions at each other with their fingers in their ears, I'd watch Prime Ministers Questions...