TrueNorth

Should I swap some (GM) gold for silver?

Looks like CAD and AUD have nearly identical price for oz of gold Australian Dollar +0.60% 10/14-04:40 1.0038 0.9963 1386.68 +1.27 +0.09% Canadian Dollar +0.38% 10/14-04:44 1.0045 0.9955 1386.81 +3.46 +0.25%

Now sold out on Maples and the amurrican one ouncers.

I hope y'all are buyin'! I had a few quid laying around so I threw it at silver when today's sale was well underway. Btw Pixel8r, you were right, I traded silver for gold too soon (last summer) because of my fears of a fall crash. Been buying only silver ever since.

I feel like gold and silver have uncoupled from everything. It's like they are going up unfettered these days. Which is not to say I don't think there will be corrections along the way. But -- I don't know how to say it exactly -- it's like it FEELS different now. I suppose the US promise to print to infinity has ignited the gold (and silver) rocket boosters once and for all.

[Gold miner] Peter Hambro on BBC News channel (tv) -- "The Bottom Line", a radio 4 panel programme being broadcast on tv. Just started. He said gold is the ultimate store of value. Will be interesting to see what the discussion tackles.

I dove into that same Autumn 08 dip (albeit in November) and agree: it was a blessing.

Marginalised again!

Thank you for explaining.

you sure that's cosmology and not cosmetology?

Thank you. I appreciate you setting out your position. When you refer to divesting "e-gold", are you talking about shares, or gold savings a la GoldMoney or Bullion Vault?

So, are you swapping e-gold for physical? I haven't done this in a while, but I think it is prudent now.

Silver just got hit for 30 cents in a flash. what's up?

okay. been travelling for a few weeks and last time I checked GM, gold was around £750/oz. Just got an awful shock -- £846 -- ?! wtf? It's not like I have been living under a rock. I have noted the recent price rises in $$. Seeing this ££ just now though. . . whoa. It really does crystallise just how badly the pound is doing.

I bought some more this morning. I don't really care about a few pence in the price here or there. Bottom line is: the current price represents good value. Also, I bought loads in the 08 crash, and did very well, so if I have to pay a bit more than that for it now, I don't begrudge it. If it goes lower, I will buy more. I have learned from Stewart Thompson, at least somewhat.

I just bought some more silver.

Interesting. Maybe they just don't like US dollars. I have been holding CanuckBucks (aka CAD$) in GM -- with nary a breath of complaint -- for several months now. (Waiting to buy more in the crash! I like GM. I also did a hassle-free transfer to an account I have in a foreign country. Piece of cake. It was the first time I tried this and I was very pleased. I'll stick with GM.

I traded some gold for silver the other day when I saw how low silver was. Damn thing's gone even lower! Oh well.

I am waaay behind in my reading here, but man, silver's on FAHR! 76 cents today! holy schmoley Batman!

Am behind on my reading here so apologies if this has been posted already: Armoured trucks. . .

Me too and thanks to whomever mentioned them here. I got some silver in in Sept and very pleased with their prices and service.

The other thing is, since you are buying in ££ like me, is that a take-down in US$ price may not correlate precisely to a bargain price in ££.

wth? Both metals have just gone straight up at the open.

Last time we reached what I felt was an interim top (February) I took profits by cashing out goldmoney holdings into gold bullion. Wonder if that would be a good strategy again here? I dunno. I have a core holding.