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Gold/Mining/Energy : Silver Super Bulls -- Ignore unavailable to you. Want to Upgrade?


To: Follies who wrote (76)1/6/2003 2:07:54 AM
From: Elizabeth Andrews  Respond to of 1281
 
I also have a book called "Where are the Customers Yachts" you should read it.



To: Follies who wrote (76)1/6/2003 4:12:21 PM
From: Silver Super Bull  Respond to of 1281
 
Dale,

RE: < agree with your gold/silver although 10 seeems too low. >

I'll admit it is an aggressive target, and it will take a while to get there, most likely.

RE: < I have a book from the 70's called Making Inflation Pay written by a gold bug of that era. He has one chapter on how to increase your physical position by trading back and forth on the ratio. When the ratio drops below 20, exchange your silver for gold. When the ratio goes above 35, exchange your gold back in to silver. You are never out a physical position and it can increase over time.>

My feelings are that this is probably a prudent strategy, although it would assume that the ratio would be range-bound from 20-35. If one were to sell silver when the ratio was at 20 and it continued to decrease, obviously one would forgo those profits.

DB