Pluto Posted March 9, 2008 Report Share Posted March 9, 2008 This was taped 6 months ago: http://www.youtube.com/watch?v=NuTeZ9XlgyE Link to comment Share on other sites More sharing options...
ConvertedGoldBug Posted March 9, 2008 Report Share Posted March 9, 2008 This was taped 6 months ago: http://www.youtube.com/watch?v=NuTeZ9XlgyE OK, I need educating again... They suggest in this video that the new successor to the Dollar, the Amero, would be backed by silver. Why silver? Is it because it is not worth as much as gold? I thought there was less silver in existence than gold? And how would a silver-backed currency impact the value of gold? Link to comment Share on other sites More sharing options...
azazel Posted March 9, 2008 Report Share Posted March 9, 2008 This was taped 6 months ago: http://www.youtube.com/watch?v=NuTeZ9XlgyE Well hes not far wrong but do you think we will see $30 silver and $1200 gold by spring (May)2008? If so gold will be going up 20% and silver 50% making silver a better buy. Wish I got more phillharmonics! Link to comment Share on other sites More sharing options...
Pluto Posted March 9, 2008 Report Share Posted March 9, 2008 Well hes not far wrong but do you think we will see $30 silver and $1200 gold by spring (May)2008? If so gold will be going up 20% and silver 50% making silver a better buy. Wish I got more phillharmonics! I think we may see a correction to the 800s once we clear 1,000 or 1,100, only because that was the pattern for oil. It hit 100, which was the psychologically level, then retreated to 88, only to march straight back up to 105. But, there again, I am lousy at short term predictions. Link to comment Share on other sites More sharing options...
narco Posted March 9, 2008 Report Share Posted March 9, 2008 I think we may see a correction to the 800s once we clear 1,000 or 1,100, only because that was the pattern for oil. It hit 100, which was the psychologically level, then retreated to 88, only to march straight back up to 105. But, there again, I am lousy at short term predictions. I was thinking a correction was in the cards at around $1100 too but then I see the US M3 data which is truely mind boggling. What would the price of gold be if the Fed still produced this? Link to comment Share on other sites More sharing options...
wren Posted March 9, 2008 Report Share Posted March 9, 2008 This was taped 6 months ago: http://www.youtube.com/watch?v=NuTeZ9XlgyE He says early in the clip and again later that France and Germany cannot export because of the high euro. It certainly makes it harder for exporters but Germany is still the first or second largest exporter in the world. So I think that is blatant exaggeration. A French official, maybe Sarkozy himself, said recently that the French state is basically near enough broke. With so many American commentators (not all) I get the feeling that they are somehow inherently biased against Europe and the euro, which can weaken their commentary. Unlike the UK, Germany is still a great producer and exports a lot of real goods. It could be that the Mediterranean Eurozone countries can't match Germany and this is the Achilles' heel of the euro. Link to comment Share on other sites More sharing options...
G0ldfinger Posted March 9, 2008 Author Report Share Posted March 9, 2008 David Morgan on silver: If we use our gold price of $2900 derived in last week's column, and divide by 16, that puts silver at $181.25 per ounce. Is this possible? Under our current financial conditions I am reluctant to rule out anything, but I am also a practical investor. Before we ever get to even $100, which I have forecast as a price I do expect silver to achieve, we must move above $30, then $40, and take out the old nominal high of $50. I think you see my point, and the ultimate high price is impossible to determine, because only the market knows. But in my view, silver has way too many things going for it not to continue higher over the next several years. Consider the following points: · Silver has every monetary attribute of gold and is far more affordable to the general public · Monetary worry was primarily U.S.-based in 1980; today it is a worldwide concern · The U.S. was in far stronger financial condition in 1980 than today · The Silver ETF did not exist in 1980 · Silver is a much smaller market than gold, and therefore any new buying (or selling) has much more effect on the price · In 1980, silver hit $50 per ounce when there were at least two billion ounces of silver in bullion form; today there is less than one-fourth that amount. http://news.silverseek.com/SilverInvestor/1204906825.php Link to comment Share on other sites More sharing options...
azazel Posted March 9, 2008 Report Share Posted March 9, 2008 Im undecided, do I buy 15 krugerrands or 568 silver maples for the same fake money? The ratio is 38/1. My gut feeling is to go with silver but it might be harder to dispose of later on. Any one else got a thought on this? Link to comment Share on other sites More sharing options...
narco Posted March 9, 2008 Report Share Posted March 9, 2008 Maples come in sealed tubes of 25. No worries if you should ever need to offload any at all. I'd probably mix it up a little. I'd probably go with 5-10 Krugers and the rest silver. Link to comment Share on other sites More sharing options...
wren Posted March 9, 2008 Report Share Posted March 9, 2008 Im undecided, do I buy 15 krugerrands or 568 silver maples for the same fake money? The ratio is 38/1. My gut feeling is to go with silver but it might be harder to dispose of later on. Any one else got a thought on this? Especially if you're in for the long term, I would split it, say, 20 oz. of silver to every 1 oz. of gold. The main reason is that I wouldn't care to predict which will do better whether short or long term. That way I wouldn't have to suffer possible regret at going very long one and seeing the other do a lot better. Of course, that ratio is just a suggestion and if you're very keen on silver you might up it. I think one day silver could do something really spectacular, but I wouldn't care to guess when. Link to comment Share on other sites More sharing options...
Pluto Posted March 9, 2008 Report Share Posted March 9, 2008 The Banking system is imploding. The case for gold has never been stronger. Small Missouri bank is shuttered http://www.bloomberg.... FDIC Girds For Bank Failures http://money.cnn.com/... TREASURIES-Bonds surge as Bernanke warns of bank failures http://washingtontime... Credit Crisis Timeline - From Foreclosures To Bank Failures http://www.usnews.com... Home foreclosures hit record high [url="http://news.yahoo.com/s/ap/20080306/ap_on_bi_ge/home_foreclosures"[/url]... Link to comment Share on other sites More sharing options...
wren Posted March 9, 2008 Report Share Posted March 9, 2008 In the metals forum over in you-know-where, somebody called spoon is asking where we've all gone. I tried to post this: where? DrBubbs's site for investors: http://www.greenenergyinvestors.com/index.php?act=idx It might go through (I seem to be under moderation) but I doubt it. Link to comment Share on other sites More sharing options...
Saberu Posted March 9, 2008 Report Share Posted March 9, 2008 Some interesting remarks in here about silver. Personally I think silver is a bad idea because it's much more difficult to carry around with you as opposed to gold where a single kruggerand is worth ~ £500 and I have about as much faith in the global monetary system as cgnao so you can bet I will be carrying them with me when I move abroad. However I would be interested if anyone knows a big bank (HSBC etc) that offer safe holding services for valuables like gold. Also a while back a famous investor tried to buy all the silver in the world in order to force the price up, in response to this mining companies just mined a lot more silver and put all their silver stocks they had onto the market forcing the price way down, needless to say he lost a fortune. It seems to me the reason the price of silver is going up is because people are considering it as an investment and for that reason alone I'll still be going 20% silver which should only be around 100 coins if I invest £4k in gold, £1k in silver once I can afford it. Either way gold is definitely going to rocket (sorry I don't have a picture!) and I for one will be buying Goldfinger a drink when gold reaches $10k, even if he is a millionaire from his uber gold investments Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 9, 2008 Report Share Posted March 9, 2008 1oz coins are more expensive than 1oz bars because the are more 'recognizable'. Everyone (with a little interest in gold) knows the Krugerrand, while not everyone knows every assayer and how their bars look like etc. In general the more common coins (Krugerrands) are cheaper than less common ones. That might be due to collectability, scarcer/nicer implies higher price. Some of the things said on this thread are only true for certain countries. It would be nice if everyone put at least which country they were in in their profile. In NZ for example, you only get gold GST free if it's 24ct. That rules out many of the coins a lot of you lot on here talk about for me. And the New Zealand Mint sells 1oz gold 24ct Kiwis at 6.5% downwards above spot, and will buy them back at spot. So IMO they work out better than buying bars. Even quite big bars, as they then only pay something like 3% under spot. I was surprised that it worked out cheaper to buy nice 1oz coins than large bars. Link to comment Share on other sites More sharing options...
Saberu Posted March 9, 2008 Report Share Posted March 9, 2008 It might go through (I seem to be under moderation) but I doubt it. It won't unfortunately, luckily for me when I posted asking where Goldfinger had gone someone gave me a link to GEI minutes before the thread was locked. To be honest I'm kind of hoping GEI doesn't go too main stream because we all know that most people on the HPC forums don't share our intellect but then thats obvious as they didn't invest in gold Link to comment Share on other sites More sharing options...
azazel Posted March 9, 2008 Report Share Posted March 9, 2008 Especially if you're in for the long term, I would split it, say, 20 oz. of silver to every 1 oz. of gold. The main reason is that I wouldn't care to predict which will do better whether short or long term. That way I wouldn't have to suffer possible regret at going very long one and seeing the other do a lot better. Of course, that ratio is just a suggestion and if you're very keen on silver you might up it. I think one day silver could do something really spectacular, but I wouldn't care to guess when. Thankyou for expressing your opinion. My silver gold ratio at the moment is 1 ounce gold to 2.5 ounces of silver. Perhaps I need to "fill my boat" as Goldfinger says, with silver. I cant see silver dropping much below $20 so now, I think, is a good time to buy some. Its already been above $21 so it wont be long before its back IMO. Link to comment Share on other sites More sharing options...
narco Posted March 9, 2008 Report Share Posted March 9, 2008 The Banking system is imploding. The case for gold has never been stronger. Exactly. Add to that, there is a perfect storm brewing of massive monetary stimulus in the face of commodity supply shortages (especially food). http://www.sundayherald.com/news/heraldnew...food_crisis.php Not to mention the possibility of oil hitting $110 this week! This will all lead to seriously hard times for many people. I am glad to be holding gold and silver right now. Link to comment Share on other sites More sharing options...
BelfastBoy Posted March 9, 2008 Report Share Posted March 9, 2008 So this is where all the most interesting posters from HPC are now hanging out. Glad there is somewhere I can still read your views. Really can't believe what happened on the HPC forum. Big Brother is watching you I have some money in Bullion Vault, Goldmoney and physical. So I will be a avid reader. Thanks to everyone here. Most of the stuff you talk about is beyond me. But I enjoy lurking. Thanks all... you have already made me good returns. Link to comment Share on other sites More sharing options...
narco Posted March 9, 2008 Report Share Posted March 9, 2008 Thankyou for expressing your opinion. My silver gold ratio at the moment is 1 ounce gold to 2.5 ounces of silver. Perhaps I need to "fill my boat" as Goldfinger says, with silver. I cant see silver dropping much below $20 so now, I think, is a good time to buy some. Its already been above $21 so it wont be long before its back IMO. Hawkeye from goldismoney.com sees the possibility of a near term 'bull flag' in silver.. This basically means silver may trade in a sideways pattern while it prepares for the next leg up. http://i176.photobucket.com/albums/w176/Ha...9/large-189.png http://www.thestockbandit.com/Bull-flag.htm Link to comment Share on other sites More sharing options...
azazel Posted March 9, 2008 Report Share Posted March 9, 2008 So this is where all the most interesting posters from HPC are now hanging out. Glad there is somewhere I can still read your views. Really can't believe what happened on the HPC forum. Big Brother is watching you I have some money in Bullion Vault, Goldmoney and physical. So I will be a avid reader. Thanks to everyone here. Most of the stuff you talk about is beyond me. But I enjoy lurking. Thanks all... you have already made me good returns. Your welcome. Its difficult to tell the others where we are as you get "moderated" for it. Its kind of digital tasering. Id like to see cgnao here. Link to comment Share on other sites More sharing options...
wren Posted March 9, 2008 Report Share Posted March 9, 2008 To be honest I'm kind of hoping GEI doesn't go too main stream Sure, but the member called spoon sounded like a serious precious metals guy. Link to comment Share on other sites More sharing options...
azazel Posted March 9, 2008 Report Share Posted March 9, 2008 Hawkeye from goldismoney.com sees the possibility of a near term 'bull flag' in silver.. This basically means silver may trade in a sideways pattern while it prepares for the next leg up. http://i176.photobucket.com/albums/w176/Ha...9/large-189.png Thx narco, does this mean he expects no significant change in the price of silver for a short while? I think thats what you mean... By the way, the phillharmonicas, how are they packed? Link to comment Share on other sites More sharing options...
grumpy-old-man Posted March 9, 2008 Report Share Posted March 9, 2008 Hi all & GF, good to see you have all found a new home. I'll pop in from time to time...... cheers, GOM Link to comment Share on other sites More sharing options...
narco Posted March 9, 2008 Report Share Posted March 9, 2008 Thx narco, does this mean he expects no significant change in the price of silver for a short while? I think thats what you mean... By the way, the phillharmonicas, how are they packed? I think we await confirmation of the movement over the next day or 2 but it appears silver might be consolidating. TA4U sees it too. http://stockcharts.com/def/servlet/Favorit...t?obj=ID2386283 The coins are packages in plastic squares in sheets of 20. Very nice too Link to comment Share on other sites More sharing options...
narco Posted March 9, 2008 Report Share Posted March 9, 2008 Hi all & GF, good to see you have all found a new home. I'll pop in from time to time...... cheers, GOM Good evening. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now