5 votes

A question for those who have more experience than I regarding the purchase of Gold

I have always wanted to get into gold but found it quite expensive. In that regard, I have stacked mostly silver with a measly 3/10 oz of gold. Would it be a good idea to trade 55 silver oz for an oz of gold? I have plenty of silver and very little gold; as many know, silver takes up a lot of space and can get heavy. Any input will greatly be appreciated.

Gold is at $1573.70
Silver is at $28.53

Thank you

ps I hope everyone reading this has enjoyed the wonderful discount going on right now in the PM market. =P

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Best place to buy?

I'm new to this gold stuff too and there's so many websites online for gold. Where would be the best and safest place to buy gold? And what kind(bullion or coins?) should I buy if I'm starting out small? Being new to the game I don't want to put too much into it, but I figure if I preach RP and gold all day, I should at least own some to back up the talk.

P.S. This would be a good post to have put on the front page because there are a lot like me that would like to learn more about and possibly buy gold. Sure would be refreshing compared to reading all the Rand endorsement posts so thanks for the post :)

I wouldn't

I'm in the same boat as you... almost competely silver.

While gold is about 20% off its high, silver is almost 40% off its high from last year. For that reason, I think there is much more upside potential in silver.

While you might see the ratio go as high as 60 to 1 this summer, I'd say there is a good chance that it will be back in the 40's by the end of the year.

I say hold onto the silver and get the gold later when the ratio is lower.

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