Never of the future... What now?

[deadheadharry]

Hello guys, It is real early in the morning here, I'm tired but I can't get this off my mind. For all hypothetical reasons, lets say I have a large sum of money in the stock market, say 60 thousand dollars. This is NOT where I want my $$$(or whatever it is in the market) and I want it in GOLD AND SILVER. Now, after reading, what I have come to is, that gold and silver are both great but silver to gold is like 50:1 ratio. So, in the end silver is a better buy, and I've been reading silver will somehow make its way to competing with gold. When the ratio closes say silver 25:1 gold, this is where the transition should be made. Now, my question is, in this scary time we are all seeing, should I withdraw all this money and buy silver? I have no obligations in life(college, car payments, mortgage) so this money in the stock market is really just waiting to be wiped out. My life is a being a dead head, traveling the country and just having enough $$ for food, gas and tickets. Beyond that, I want stable secure money...and lots of ammo and guns for my well being back at home. These are the measures I feel are necessary and I believe what is coming, IS coming. The Fed and lowering interest is going to destroy us and I just haven't had enough experience in this field to know what to do... All I know is, that the US Dollar is garbage, and silver gold and other metals are key to the future. I ask for your best advice on what to you. 80% of my $$$ to silver and 20% to Gold? I hope for your wise words and appreciate all the help I receive...Hell, if stuff goes bad, the few of you who helped me out, may receive some nice silver coins when they are worth 10,000 a piece!!! Thank you and have a Grateful day!

[JesterJay]

Harry of the Deadhead clan,
If silver is going to approach gold in price then Silver is the ONLY place to have your money.

I concur with your assessment of the stock market in the short term, whether or not the economy goes to Hades on a hatrack.

I recently cashed in an IRA and ate the tax bite to get a chunk of my cash out of the market and into silver. I recently took delivery of a number of Monster Boxes of Silver American Eagles. What a beautiful sight. They are now in a cellar in a safe that weighs more than a bus and are secure sitting next to a small stash of firearms.

Back to you. If you feel the same way I do, then What the HELL is taking you so long to act? I had to ask myself the same thing. It took a bit of time to convince myself to undertake the seemingly radical acts I just carried out. But, I am glad I did. I don't worry about where that money is. I have real wealth now.

By ALL means! Cash in and get some SILVER. Silver is WEALTH. This is the advise I have given all I know.

Don't wait any longer. The price may be at the beginning of the big blow!
It may go down, it would suprise me if it did not. But, this is a LONG TERM decision. You can't afford to "wait" for the lowest point to jump in.
The time is now. Make the best of what is. $60,000 in silver today will be near double that a year or two from now.

From my research (read Ted Butler and be enlightened) there is only one way for silver to go: Way the heck UP! All fiat currencies turn to crap sooner or later. The U$D will probably take a bit longer than most but the Euro will follow along with every other modern form of cash.

The manipulation (artificial price stagnation) is almost over, the inventories are gone (60 years of drawing down the 20 billion ounce world silver stockpile) and investers (like you mentioned) will see the lower priced silver, which is performing better than gold, will be flocked to by investors of every type. Some moving from "expensive" gold to a more handlable denomination. Some jumping from stocks and sure loss investments like bonds and CDs.

The future is yours Harry von Deadhead. Seize the day, Buy the Silver.

Have wealth and prosper,

JesterJay
I am STILL encamped in South Dakota
Please send those $10k coins there^

[waynetheking]

Keep your money in the market. buy silver with play money! you did not mention your age but i'm sure you allready know this. The miricle of COMPOUNDING can happen in the market over 30 years, can silver do that? But i do like jesterjay's enthusiasum. this metal is addictive when you realize your stockpile is growing to the point of having retirement potentional!! Seek out a lot of advise my friend before you make your move!!

PS. Thanks for the offer, keep'em for yourself and let us know how your doing!!

[deadheadharry]

Lets just say I am still young over 18 but under 24. This money is there because grandparents gave it to me when I was born and do to my life desicions, I never went to college. I went on tour. Being on the road all the time, I never really think of what the money could be doing or what will happen to it in the future but after hearing the message of Ron Paul and looking further into the Fed etc etc, I discovered gold etc etc as a new means of safe keeping real money. This is why I am here, to find out how to best handle it. Wanyetheking, why would I want money in the stock market when It may crash??? Please expenplify on your answer, thank you!

[silverstash]

Whether you decide to buy gold or silver is worth pondering, but I would certainly suggest you stay away from the stock market. We entered a bear market. This markets bottom will certainly surprise many, as many are just considering their own experience and not history. History tells us economies can correct violently, and there is that possibility. Put a label on "crash", understand what it means, understand the ramifications.
Being diversified is always good, and I don't mean a mix portfolio of stocks. Search what may be wise for you and then insure it with an amount of PM's...Land is good, someday you will have a place to put your own house. Staying out of debt, not wasting money on an expensive car.
I do think there is a lot of merit in what is being spoken of silver, but give some thought to what you want and what risks you can feel comfortable with.
God Bless,
Joe

[chux03]

Yes, even though I like silver and have been involved with it over 40 years now, I wouldn't take all my money and convert it into silver, not now. I would however continue on buying, averaging in. Take $10k (of that theoretical $60k) and make your initial investment in physical silver. But silver Eagles or small weight bars or rounds (as in the past they knew of attempts to drill large bars out a bit and replace the drilled out silver with lead. Then they capped it of with a small amount of silver to hide the fraud. That's why you're seeing more and more assays REQUIRED on large weighted bars, ingots etc. I wouldn't be surprised to see em X-Ray them or something similar to see about any tampering which should not cost as much as a full fledged assay, but you never know.)
The next thing I'd do is to subscribe to a precious metal newsletter that may focus on silver. Which ever one you decide on, do your homework and your DD and invest some of that "leftover" cash into a good silver mining company. You can look right here in this forum for an idea or two but you really can't beat some of the popular newsletters that are out there these days and do a respectable job recommending different ways to invest in silver. David Morgan, Doug Casey Research, The Silver Analyst there's many to choose from and they all have their high and low points so check em all out to find the one you like best. Google should also help there.
After that, you should be able to decide how you want to deploy your remaining bucks. Whatever you do, don't do it all at once. Show some patience, do your homework and hang on IF you decide to invest in silver. It's a small market that can be HIGHLY volatile. Good luck!!