10 votes

Silver Out Sells Gold 75:1 in October @ the U.S. Mint

Silver Outsells Gold 75.29 to 1 at the U.S. Mint in October
- Retail investors continue to buy physical silver and gold in large quantities
-2013 Silver Eagle sales to date pass 39 million approaching 2011 record of 39.8 million.

Full monthly and YTD stats:
http://smaulgld.com/the-silver-to-gold-sales-ratio-october-2...




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SteveMT's picture

Both are buys at their respective current prices.

Which one will be the first to empty-the-vault is the question?

At these prices

I just cant find the extra money to fix my boat...If I could just make it to shore with my silver order.

I love liberty like fresh cool air in my lungs.I love freedom like fresh cool water on my tongue.I love peace like the smooth skin of my sweet lady.And Dr.Ron Paul is the hero I believe will change the world.

And it's all my fault!

I bought 10oz last month.

I have to say: those Silver Bullet, Silver Shield Warbird coins are awesome.

http://www.gainesvillecoins.com/products/164315/warbird-1-oz...

They need to put a big "X" over that Pyramid, though. Gettin tired of seeing that stupid symbol everywhere.

If you don't know your rights, you don't have any.

There are some interesting silver buys -like silver bullets from

northwest territorial mint and Zombucks from Provident metals-they have two take offs a Morgue Ann distortion of the Morgan dollar and a Zombie Walker distortion of the liberty half dollar and US silver eagle

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Silver

Many may not like to hear this, but I have called the fall in gold and silver prices quite well since Sept. of 2011, and I see one more bottom coming that will test the lows. I do sell gold and silver for a living, and have told my clients to dollar cost average into an allocation and am still doing so, rather than go all in.

The dollar, which really represents the inverse of the Euro and Yen (70% of the dollar index), is set to rise as we unwind the damage done from the excesses of the last 20 years or so. The Fed is trying to throw trillions at it via QE, but they are failing miserably. There will be no tapering.

But the tax loss selling by the end of the year by the professional traders, mutual funds and hedge funds will bring precious metals to lower prices. Has nothing to do with QE, inflation, etc. It's just going to happen.

The gold and silver supply is so small it an be pushed anywhere a big player wants it to go. The Hunt brothers did it in 1979 to 1980 by buying physical silver. Today, as the April plunge showed, it can be done by selling paper ETF's along with the physical in one to two days.

Tax loss selling is a given. You are stupid if you don't sell and lock in the losses. This will be true of mining company ETF's and Mutual Funds as well.

If you are long gold and silver, or the mining companies, you may want to hedge your longs at this point. We have not bottomed.

But keep in mind, just like in April, as the price dips, the premium will shoot up again on Silver Eagles, just like they did in April. With that in mind, if we were to dip to $17 in silver, you can expect a premium of about $6 so the Silver Eagle will cost you $23, about $2 less than where it is today. But today the premium is about $2.50 for Silver Eagles. If the above is true, your ideal price to purchase more Eagles should be when silver hits $20 an ounce.

If you are a long term buyer, does it matter that silver falls to $20 or $17 when you will be selling at $40, $50, $60 or $100? Probably not.

Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!

I'm glad to see some realistic advice on PM's.

Hedging is something that is important to me. Selling and then buying physical PM's is inefficient due to the markups. However, there are efficient ways to hedge. For the past two years, I have been hedging my gold by selling call spreads on SLV in a Roth IRA. I know this was not a pure hedge as I expected a declining market in which SLV would fall faster than GLD.

If you don't have the time to follow expiration dates, a necessity to avoid the disaster of being in the money at expiration, you can use the short tracking ETF's.

I suppose the best strategy is to sell paper gold and silver

short and with the profits buy physical gold and silver at the depressed prices

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You don't understand hedging.

I did not hold a net short PM position when I started and only now do so on a weekly basis in options spreads.

Wasn't talking about hedging

Was talking about trading on the one hand and rolling over profits into physical gold and silver big difference

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yes there are paper forces at play that can smash silver & Gold

But there are also powerful physical buyers
http://smaulgld.com/the-west-sells-paper-gold-while-the-east...
that I believe will eventually out power the paper naked short sellers
http://smaulgld.com/is-a-gold-and-silver-supply-and-demand-p...

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