Long Position on Silver and Gold?

[Grizzly Firearms]

The traditional valuation of silver to gold is 1:15 (gold prices should be 15 times higher than silver) based on the raw amount of resources available globally. The current price of gold is $1209 / oz, silver is $16.64 / oz. That's a ratio of 73:1.

So... Either silver has a lot of appreciation potential, or gold has a lot of depreciation potential. The reality is probably somewhere in the middle, but I would bet that silver will rise and gold will hold the $1000 price point. And I have heard that the Chinese are buying up tons of silver, which should cause price appreciation because silver is used in so many different applications globally.

I would say being long silver is a good bet. Not so confident in gold holding the $1200 price point....

[Rooskibar03]

Anyone have experience with these? Seems like a great way to have gold but not tied up in full 1oz coins.



http://www.jmbullion.com/50-gram-val...gold-combibar/

[rondog]

Current 3 yr. chart for silver is showing that it could possibly go back to $26 range, it has strong support there at the $26.10-$26.15 price. It could very well drop to that point before turning back up. Of course, it could take off tomorrow too. Silver's been trending downward for the last several months, it's about time for it to reverse. If it hit $25, I'd bet it to take off like a rocket.



Been some very strong rumors and speculation that the silver market has been manipulated for many years by some very big players, as in major banking institutions. There's a LOT of analysts that are watching the silver markets like hawks, trying to figure out who's doing it and why. There are several major suspects, and they're doing it because they're making huge money at it, although it's illegal as hell.

It's a well-known and proven fact that the short positions in silver that are keeping the price down are far, far larger than the entire worldwide annual production could supply. This is the only commodity that has ever been in this situation where the demand constantly far outstrips the supply, yet the price doesn't rise to the levels that it should, according to the laws of supply and demand. This means that it's being manipulated to artificially keep the price down. Why? Because the owners of these massive short positions would be obliterated if the price took off like it should. And the Commodities Futures Commission is fully aware of this, yet they turn a blind eye to it because it truly is a bomb waiting to go off.

I only wish I owned more than what I have, I'd be happy just having back what I had to sell over the years. But for anyone interested in a silver mining company, do some research on Silver Wheaton (SLW). They're in a very unique position, much too complex to talk about here, but I've made a LOT of money trading their stock and every analysis you read about them is incredibly positive. Basically, they're not a mining company, but they contract with non-silver mining companies to buy their unwanted silver production at a very low price and for many, many years into the future. They pay these companies cash now for future silver production, based on past production and future projections, and pay like 10 cents on the dollar for it. They also do this with gold.

Do some research on SLW. Right now it's in a dip, and a perfect time to buy it. Owning physical silver is a wonderful profit opportunity, but SLW could be even bigger.

[MrPrena]

^^

It was interesting to compare SLW with SLW.TO, CAD, SLV, and mar silver.

[Cylinder Head]

With the entire developed world engaging in some form of quantitative easing and places like Russia and China snatching up precious metals, it wouldn't be a bad investment long term. However, didn't gold just fall through a well established support level?

[rondog]

With the entire developed world engaging in some form of quantitative easing and places like Russia and China snatching up precious metals, it wouldn't be a bad investment long term. However, didn't gold just fall through a well established support level?

Depends on how you look at it. Step back and look at the bigger picture of a 3 year chart, and gold is just approaching the support level around $1525. And considering the current puddle of shit the world is in, if I had the money to pursue a gold position, I'd be a-thinkin' about it.

When I first started sniffing around the gold and silver markets about 12 years ago, silver was around $4.25/ounce and gold was around $250. I remember people on the PM forums praying for the day that gold would go over $500/oz.

[10mm-man]

What is the best way to buy Silver and were? i read 90% rounds etc. I have bought in the past from a silver store but is that the best way?

[ChunkyMonkey]

What is the best way to buy Silver and were? i read 90% rounds etc. I have bought in the past from a silver store but is that the best way?

Personally, I only do maple leaf and american eagle in both gold and silver. They are highly sought after and have +value over spot price. Kitco and north west mint have always had best pricing. Locally, some seller asks for 10-20% over spot.. yikes!

https://online.kitco.com/

http://bullion.nwtmint.com/silver.php

PS.. how about producing some silver lower as ar-15.co collectible/fund raising.

[10mm-man]

PS.. how about producing some silver lower as ar-15.co collectible/fund raising.

That is not a bad idea! That would be one pricey lower...... Actually workable? Or in an 80% lower?

[hollohas]

Kitco and north west mint have always had best pricing. Locally, some seller asks for 10-20% over spot.. yikes!

https://online.kitco.com/

http://bullion.nwtmint.com/silver.php

??

Both of these places are 10%+ over spot for silver eagles even at higher quantities. Much more for smaller quantities especially when you include shipping. What am I missing?