Silver or Gold

[N.J.THer]

There was an interesting article in Barron's (page 21) this past weekend that suggests Silver should outperform Gold in the long term (percentage increase not price). Glad I held onto all my silver...

Interesting facts stated:

- It stated that Gold is trading at 66 times silver and the ten year average is 62 times and the long term ratio is only 16 times.

- Silver is 70% below its all time high of $50 an ounce which it hit in 1980.

- Silver price has risen 30% over the last year.

One of the analysts thinks the ratio will go back below 20 to 1. At the current price of Gold that would be around $60 an ounce for Silver.

I'm stockpiling my silver what do you do with yours?? Keep it, sell it or wear it for decoration...

Happy hunting
NJ

P.S. I would still rather find Gold then Silver any day of the week...lol.

 

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[mlayers]

Right now I am keeping all of my silver and gold. Just don't know what I wan t to do.....Matt

 

[Woodland Detectors]

Oh I'm keeping the silver for sure.
I'm melting it all down to build me a silver helmet for 2012

Chrome dome


Just kidding of course

 

[JohnnieWalker]

My wife came home early from work one day and caught me lying on the bed playing with my Gold and Silver!

I wasn't wearing cotton gloves either!

 

[Tuberale]

Keeping both, plus my one platinum $10.

Keep looking and researching to find more.

 

[njnydigger]

Yeah, but, when in the heck will pennies start to rise

I have a couple of van fulls I'd like to unload for a tidy little profit

 

[N.J.THer]

Yeah, but, when in the heck will pennies start to rise

I have a couple of van fulls I'd like to unload for a tidy little profit

It was not too long ago that the value of copper was so high that a small copper penny was worth three cents.

 

[Tuberale]

And remember it was only last year (2 years?) that Congress made melting nickel coins illegal. Nickels weigh 5 grams, and contain 60% copper by weight, 40% nickel. A nickel therefore contains 3 grams of copper and 2 grams of nickel. It is the only common circulated coin in the U.S. containing more metal content than it is worth by law. Apparently Congress was worried over the possible sudden decrease in coinage that might precipitate.

Keep pre-1982 pennies for copper content if you like: nickels seem a smarter investment.

 

[N.J.THer]

And remember it was only last year (2 years?) that Congress made melting nickel coins illegal. Nickels weigh 5 grams, and contain 60% copper by weight, 40% nickel. A nickel therefore contains 3 grams of copper and 2 grams of nickel. It is the only common circulated coin in the U.S. containing more metal content than it is worth by law. Apparently Congress was worried over the possible sudden decrease in coinage that might precipitate.

Keep pre-1982 pennies for copper content if you like: nickels seem a smarter investment.

I hear what your saying but copper prices would really have to explode to make the nickel the better deal. Current melt values of the copper penny is .0220944 cent so more then twice the face value. The current melt value of a nickel is .0544350 so only slightly over face value.

 

[HCW]

My wife came home early from work one day and caught me lying on the bed playing with my Gold and Silver!

I wasn't wearing cotton gloves either!

Were you wearing anything?

 

[N.J.THer]

My wife came home early from work one day and caught me lying on the bed playing with my Gold and Silver!

I wasn't wearing cotton gloves either!

Were you wearing anything?

Please don't answer this....