Crazy silver

[Tantalar]

WOW what is going on with silver today!? It just makes no sense at ALL! MASSIVE dip! It sure is surprising isn't it? All I have heard even in the MSM is how QE3 is coming, more money printing is coming, everything form of currency is breaking record highs against the dollar, the debt ceiling has been reached and is spilling over, the never ending wars overseas continue to expand, and now more than ever it looks like and is being more accepted that the dollar is on it's way out.

Well GOLD sure is responding well to this devastating news. Silver sure is funny isn't it? I am starting to think that once we hit $50 with silver that I will convert it all into Gold except for my SHTF supply of course. I just can not believe that it isn't surging through the roof. Jeez at this rate it will be $32 again. I need to buy stuff with my FRNs that I have been NOT buying because I wanted to buy silver at the dip...

[Treetop]

I had planned to convert some silver to gold at 50 to, and just missed it. i honestly dont understand the silvers price valuation entirely ether..... but my guy tells me we will briefly see 28.... either way ive just converted a lot of my silver to gold.

buying dips is great, but dont over extend yourself. forces are in play far outside our realm of control imo. dont put all your eggs in one basket, even if its a silver one.....

[Luoganta]

What do some of the wise members of real cent have to say about a young person willing to hold for 10 years. Stay silver or go gold?

[Mossy]

Ha. "Wise"? Leaves me out.

My opinion? Silver is the better bet, but is a pain to move because it is heavier for equal value, for now.

If the economy just slows, then silver will increase in demand and will become rare as more and more is used to make various things, meaning silver will have a greater increase in value.

If the economy crashes, then either silver or gold will be good, once the panic slows down. (Until then, beans and rice will be more valuable.) I don't have any idea which would be better, but either is better than FRNs.

Check FerFAL's blog on surviving in Argentina under the conditions I expect in the US:

http://ferfal.blogspot.com/

[Lemon Thrower]

thinking about converting some gold to silver. anyone who has silver and wants to trade let me know.

[68Camaro]

WOW what is going on with silver today!? It just makes no sense at ALL! MASSIVE dip! It sure is surprising isn't it? All I have heard even in the MSM is how QE3 is coming, more money printing is coming, everything form of currency is breaking record highs against the dollar, the debt ceiling has been reached and is spilling over, the never ending wars overseas continue to expand, and now more than ever it looks like and is being more accepted that the dollar is on it's way out.

Well GOLD sure is responding well to this devastating news. Silver sure is funny isn't it? I am starting to think that once we hit $50 with silver that I will convert it all into Gold except for my SHTF supply of course. I just can not believe that it isn't surging through the roof. Jeez at this rate it will be $32 again. I need to buy stuff with my FRNs that I have been NOT buying because I wanted to buy silver at the dip...

While you will read disparate views here, if you read them over a long enough period of time you will note that there is a faction of us here that believes that the commodities market in silver is, and has been for a number of years, being manipulated by large financial institutions that have learned how to make money by forcing down the price quickly, and artificially (in the sense of doing this with fake paper silver, promises which can't be kept). The manipulation tends to occur at certain calendar points, some of which aren't clear except in hindsight, but one common one is at the beginning of the trading month. What happened yesterday and today is similar to what happened at this same time in May. So it wasn't unexpected (to me), though I've been wrong many times.

I've got limit buy orders for paper silver in to catch my next round of this "pumping", should it continue to go lower.

[fusscharles]

Silver is for economic recoveries, gold is for soft economies (before capitulation)

[shinnosuke]

Silver is for economic recoveries, gold is for soft economies (before capitulation)

I thought lead was the best, at least until capitulation or death.

[whatsnext]

Lots of people are jumping on sale opportunites just to get liquid again. 37 was a good dump for people who were looking to get out perviously higher, but missed the boat.
It is going to be this way for a good while now. It will go up again but it will drop aswell.

The fundamentals mean jack if the majority dont want to hold forever, but want to make a quick buck. Thats why silver will never break 100 without hyperinflation. If your not holding before the hyperinflation you risk being the sucker who gets taken a silver dump on.

It is risky to hold money in silver for safety longterm. China has made it clear they want they yuan to rise and are out of the easing game(eventually). That means go for the gold like every other major holder.

I dont own any gold though. I find having a large(ish) silver stash hard to get rid of in a hurry. I dont use paypal.

Cash money is not as bad as people say it is even with all the bad press it deserves.

[argent_pur]

Lots of people are jumping on sale opportunites just to get liquid again. 37 was a good dump for people who were looking to get out perviously higher, but missed the boat.
It is going to be this way for a good while now. It will go up again but it will drop aswell.

The fundamentals mean jack if the majority dont want to hold forever, but want to make a quick buck. Thats why silver will never break 100 without hyperinflation. If your not holding before the hyperinflation you risk being the sucker who gets taken a silver dump on.

It is risky to hold money in silver for safety longterm. China has made it clear they want they yuan to rise and are out of the easing game(eventually). That means go for the gold like every other major holder.

I dont own any gold though. I find having a large(ish) silver stash hard to get rid of in a hurry. I dont use paypal.

Cash money is not as bad as people say it is even with all the bad press it deserves.

Are you wanting to buy gold? You can sell your silver to APMEX and convert to gold immediately. They pay decent prices.

[Treetop]

I think bullion direct might be better to use then apmex for something like that.

[IdahoCopper]

When repeatedly converting silver to gold, or gold to silver, how do you guys justify paying two premiums on those transactions? When you sell, you get less than spot, and when you buy you pay more than spot. How do you avoid those double-dipping premiums when converting?

[timmus0382]

trade based on ratio and round up to the nearest whole number. Silver 42.38: 1 then I would trade 43 oz. silver for 1 gold. You might find a local dealer to take this trade.

[argent_pur]

When repeatedly converting silver to gold, or gold to silver, how do you guys justify paying two premiums on those transactions? When you sell, you get less than spot, and when you buy you pay more than spot. How do you avoid those double-dipping premiums when converting?

You can't, but that's not really the issue. If the ratio swings far enough in your favor (depending on which metal you ultimately want) the double-premium is more than justified. Say gold is your ultimate goal, you buy X ounces of silver at whatever the ratio happens to be. Wait until the ratio falls enough and convert silver to gold, you end up with more gold than if you had simply bought gold in the first place, just by holding silver for awhile.

[Mossy]

You can't, but that's not really the issue. If the ratio swings far enough in your favor (depending on which metal you ultimately want) the double-premium is more than justified. Say gold is your ultimate goal, you buy X ounces of silver at whatever the ratio happens to be. Wait until the ratio falls enough and convert silver to gold, you end up with more gold than if you had simply bought gold in the first place, just by holding silver for awhile.

Would dealers at the coin shows trade at ratio?

[argent_pur]

You can't, but that's not really the issue. If the ratio swings far enough in your favor (depending on which metal you ultimately want) the double-premium is more than justified. Say gold is your ultimate goal, you buy X ounces of silver at whatever the ratio happens to be. Wait until the ratio falls enough and convert silver to gold, you end up with more gold than if you had simply bought gold in the first place, just by holding silver for awhile.

Would dealers at the coin shows trade at ratio?

I wouldn't think so...the smaller coin dealers I've dealt with want only one thing for their metal and that's cash. Larger firms like apmex, BD, etc.. have the resources and sales volumes to accommodate trades, but small coin dealers have bills that hafta get paid. But, I'm not omniscient, so you could try it and report back your results, I know I'd be interested to see what you find out