Club Mulgoa

Friday, August 31, 2012

POS

Perhaps no one noticed.  The ratio between Au:Ag is historically around 50.  Today POG went up by over 2% but POS went up by over 4%.  It has been lagging and playing catch-up.  At least Ag has industrial use although in ancient China, it was the financial yardstick until the 19th Century.

My lone Ag investment SVL has plunged 66% so I don't have a good record there.

My first Au investment was in oz ingots.  I made money because I bought and sold at the right time in 1980.  But investments in Ag and Pt have been abject failures!  So I am sticking to Au ingots or Au stocks.  Au coins have too much premium on its Au content.

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