Watch the price of silver!

[CHUGG]

I have been a member here for a long time and never posted in this section. I see the price of silver going through the roof. I am a precious metals broker by the way. Last time we had an econmic situation like this is when Carter took office. When he took office Gold was 100.00 per oz. When he left it was 850 an oz. That was a 17/1 silver to gold ratio. Right now the Gold/Silver ratio is sitting at 68/1. This means it takes 68 oz of Silver to buy 1 oz of Gold. Below is a few stats on the gold to silver ratio and why I am positioning all of my clients into silver. Our research department is forcasting the ratio to go up to at least a 48-1 which would make gold 1,200 and oz and silver 30.00 per oz.

back in 1980, Gold was $850 and Silver was $50 = 17 to 1 ratio
Last March 17th 2008 Gold was $1,036 and Silver was $21.56 = 48 to 1 ratio
We forcast the ratio going back to 40 to 1, therefore with Gold @ $1,200, Silver would be @ $30

If anyone would like anymore info please let me know.

FYI Im not soliciting you guys. Im simply giving back to the community as so many have done for me in the past.

 

[CHUGG]

I have been a member here for a long time and never posted in this section. I see the price of silver going through the roof. I am a precious metals broker by the way. Last time we had an econmic situation like this is when Carter took office. When he took office Gold was 100.00 per oz. When he left it was 850 an oz. That was a 17/1 silver to gold ratio. Right now the Gold/Silver ratio is sitting at 68/1. This means it takes 68 oz of Silver to buy 1 oz of Gold. Below is a few stats on the gold to silver ratio and why I am positioning all of my clients into silver. Our research department is forcasting the ratio to go up to at least a 48-1 which would make gold 1,200 and oz and silver 30.00 per oz.

back in 1980, Gold was $850 and Silver was $50 = 17 to 1 ratio
Last March 17th 2008 Gold was $1,036 and Silver was $21.56 = 48 to 1 ratio
We forcast the ratio going back to 40 to 1, therefore with Gold @ $1,200, Silver would be @ $30

If anyone would like anymore info please let me know.

FYI Im not soliciting you guys. Im simply giving back to the community as so many have done for me in the past.

Silver is sitting at 13.25 as I write this.

 

[nimue77]

I almost bought a bunch of silver several months ago when it was well under $10 an ounce. I knew it was a good time to buy but didn't pull the trigger. hno:

 

[MightyGinseng]

chugg glad to see you are still posting around here.

I too am big on silver. Are you personally investing in it as well?

 

[CHUGG]

Absolutely I'm investing. I have been researching my ass off. What I came up with is the prices are gonna start going through the roof around august 20th and continue through the month of September. The silver supply is much less than gold. In fact silver supply went down 86% in the last few years as demand rose. Remember when Jimmy carter took office? That was the last time that we had an economic situation like this. When he took office gold was 100.00 per oz. When he left it was 850. When the price of gold goes up silver goes higher. When gold goes down Silver goes down faster. When Carter was in office the silver to gold ratio was 17/1. Right now its about 69/1. Go figure.

 

[CHUGG]

I almost bought a bunch of silver several months ago when it was well under $10 an ounce. I knew it was a good time to buy but didn't pull the trigger. hno:

Yikes that would have been a great move. Now is definately the time. Notice I am not preaching gold. That will go up as well but not the % that silver will.

 

[nhoj]

silver gets no respect anymore.

 

[punter]

Didn't Eastman Kodak used to be the largest consumer of silver prior to the digital cameras?

 

[ElTaino]

chugg are you buying etf's of bullion?

individual stocks you like?

 

[DeathEatsaCracker]

At this point I like silver more than gold. I just sold off all my SLV with the intention of buying more SLW and starting a new position in an under the radar Chinese miner based in Canada, SVM.

 

[punter]

I have a little. It went down pretty good after i bought it (normal) its back up to where I got in.

 

[CHUGG]

chugg are you buying etf's of bullion?

individual stocks you like?

I would not buy etf's. They dont have the metals to back up these etf's by far. I would buy the bullion. Either take posession of your metal or if you use leverage (which I recomend for purchase power) allow the holding house to store it for you. Alot of savy investors along with my research department have been waiting for the dollar to hit 78.48 (A new low for this year). It happened today. In fact as I type this the dollar is sitting at 78.30. Thats why the price of gold and silver shot up today. As soon as this happened I was on the road to go out of town for the weekend when my research department called me and informed me. I turned right around and went to the office to start taking orders from my current clients that were doubling down in alot of cases. My job is to keep my clients informed so they have been waiting for this day along with myself for a few weeks now. So I called and let them knjow it was time to pull the trigger. Its gonna be one hell of a BULL! Im glad these forums are date stamped.

 

[CHUGG]

(1) - The Stimulus Effect:Including $1 trillion in cash infusions, the stimulus plan will pump $9.7 trillion into the economy, according to Bloomberg. As the Globe & Mail reports flatly, “Many believe that the monetary stimulus efforts will cause a spike in inflation,” driving gold higher.
(2) - COMEX Traders Predict $1,600 Gold… by December: If gold trades at or above $1,600 by December, some 100,000 call option contracts will be “in the money.” Big-money players Goldman Sachs and JPMorgan are reportedly helping to drive the action, ahead of a huge purchase of gold futures contracts.
(3) - “Big Money” Inflows:In 2008, NYC-based hedge fund Paulson & Co’s flagship fund returned 37%, as the world markets burned. Paulson’s bullish on gold, big time, including the Mar. 17 purchase of 39.9 million shares of AngloGold, worth $1.28 billion. Other major hedge funds are piling into gold, too, including Eton Park Capital, Green light Capital and Hayman Advisors.
(4) - China’s Doubling Down! China just revealed that it has doubled its gold holdings to 1,054 tons. Yet that still only equals 1.6% of its overall reserves. As China moves out of U.S. Treasuries and into gold, this will help fuel the next leg of the run-up.
(5) - Demand Building across the Board: Worldwide demand for gold jumped by $29.7 billion in the first quarter, a 36% bolt, according to the World Gold Council. Demand for gold ETFs (Exchange Traded Funds) rocketed 540%… another trigger for the coming gold boom.
(6) - The Paper Dollar’s 30% Drop: Since 2001, the U.S. Dollar Index has tanked 30%… while gold has risen 300%. With all the downward pressure on the dollar, and inflation on the way, this trend is about to pick up steam.
(7) - Gold/Dow Ratio Signals $8,000 Gold: During major gold bull markets (and corresponding equity bears), gold and the Dow converge at a 1-to-1 ratio. During the last gold bull, the Dow sank to 850 and gold rose to $850. The Dow is now over 8,000… But even if it fell to 4,000, we could see $4,000 gold before this bull run is over!
(8) - U.S. Treasury Dept. Signals $5,468 Gold: Currently, the U.S. government holds about 286.9 million ounces of gold. It has printed about $1.569 trillion worth of paper dollars. If each dollar were backed by gold, that would put the price at $5,468.80 an ounce.
(9) - Riding the “Commodity Super Cycle”: Jim Rogers expects the Commodity Super Cycle to drive commodity prices higher for another eight years… including gold. And he’s stockpiling the yellow metal by the day. Every pullback, says Rogers, is another buying opportunity. Considering he’s been dead right on every major trend of the past 40 years, we wouldn’t bet against him.
(10) - Historic Model Predicts $6,214 Gold: During the last gold bull, the yellow metal ran from $35 an ounce to $850, a 24-fold increase. This bull started with gold at $255.95, meaning that if historic trends hold, the price target would be $6,214 an ounce.

 

[CHUGG]

Didn't Eastman Kodak used to be the largest consumer of silver prior to the digital cameras?

I’m not really sure of this. I do know that unlike gold, silver is an industrial metal and now a days are used in tons of things. Even most pharmaceutical’s. I’ve read estimates that say there is only 10 years left of silver in the ground. As a follow up to my previous post about the dollar's fall today. Since 01 the dollar dropped 30% and gold is up 300%. Not sure what silver is up but it has to be more than gold I would think. Fuck! More research!<?xml:namespace prefix = o ns = "urn:schemas-microsoft-comfficeffice" /><o></o>

 

[DeathEatsaCracker]

chugg, there are a lot of metal bugs in this forum. Please keep us informed.

Is it your contention that PMs are going to go on a major bull run even through the summer? I was expecting a pull back and then a run up in the fall.

 

[CHUGG]

chugg, there are a lot of metal bugs in this forum. Please keep us informed.

Is it your contention that PMs are going to go on a major bull run even through the summer? I was expecting a pull back and then a run up in the fall.

I expect the ride to start now. There will be ups and downs. But you will see the ratio gap get closer on silver to gold. I hear that September there will be some news released that will send this economy into panick. Or even starting August 20th. But I look for a large gain by the end of Sept. Damn its good to be back on this forum. I can speak freely here.

 

[DeathEatsaCracker]

Well, even though I'm glad to be out of SLV, if you're correct I'm not going to get the entry price into SLW and SVM that I was hoping for.

 

[brucefan]

I agree , gold and silver look much higher as the dollar falls.

Barry O has pushed us over the top, and created deficits we cant possibly pay back.


If Obama passes any form of healtcare with a public option, and cap and tax, ..... name your price

Schiff has been saying for a long time look for the dow and an ounce of gold to meet

maybe 5000? 10,000?? or 2000?

Chugg, any silver mining stocks you are looking at?

 

[CHUGG]

I agree , gold and silver look much higher as the dollar falls.

Barry O has pushed us over the top, and created deficits we cant possibly pay back.


If Obama passes any form of healtcare with a public option, and cap and tax, ..... name your price

Schiff has been saying for a long time look for the dow and an ounce of gold to meet

maybe 5000? 10,000?? or 2000?

Chugg, any silver mining stocks you are looking at?

I wouldnt touch anything with silver mines. Way too volatile. Too many factors that can go either way. Alot of mines right now are getting their security forces knocked off by gangs of people shooting to kill to obtain gold. Supply is getting very low in silver which is a bi product of the gold mining but gold is plentiful. Mines have been known to suspend mining for long periods of time. I would stay away from ETF's and buy bullion.

 

[nhoj]

Much better to have a coin in hand than a peper thats says you own something you don't have in your own hands. Alot of scammers out there.