Quote from: iCEBREAKER on October 03, 2014, 09:32:14 PM

Quote from: FNG on October 03, 2014, 02:01:04 PM

Quote from: NewLiberty on October 03, 2014, 01:18:37 PM

If you believe it and hold gold but want to stay in the precious metal game, you sell the gold for silver.
The silver gold ratio is higher than most any time in history, and this would be a good time to take advantage. If PM prices go up, silver will be expected to go up more by %.

Or you could just buy bitcoin.

Silver is not gold. How much silver do central banks hold?

FNG, you are making NL's point for him.

Silver is at a ridiculous 70:1 ratio vs gold precisely because it has been completely (while gold has only been partially) demonetized.

When silver is re-monetized, and central banks revert to the norm of buying/holding it in their reserves, the ratio will fall towards the historic average of 16:1.

The Canadian Mint has some very cool new 10oz bars with anti-counterfeiting features. I'm sorely tempted to buy some, but I know Dr. Cypher would never forgive me! Grin

Cypher is a forgiving person and having all your eggs in one virtual basket is always risky.

I read a quote from Eric Sprott the other day that silver from a mine delivered costs $22-25 per oz, with some caveats like recycled silver and silver produced as a by-product of other mines. I'm guessing gold is in a similar situation. Physical PM sales in September were double that of previous months and the sales came from existing stock because the production of coins at places like the US mint is below current demand. But in the PM arena physical demand/supply has no bearing on the paper price. Apple purportedly makes 20-30% profit on each iphone. If they were taking a 20% loss per unit then either Apple would go broke or they would have to raise the price. It would be logical to think that PM miners will need higher prices or face going broke but logic also doesn't play a huge part in financial markets these days. Either way, you could make a reasonable case for silver right now imo.