Gold & Silver Forum

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-   -   Silver or gold? (http://goldismoney.info/forums/showthread.php?t=299196)

minesmoria 09-09-2008 12:58 AM

Silver or gold?
 
I bought 528 ounces of silver this year, i have another 2000 to buy with.

Now i was thinking of buying 2 maple leaf .99999 gold coins or do you think i am better off buying silver maple leafs instead..

which is the better investment.

EE_ 09-09-2008 01:00 AM

Re: Silver or gold?
 
GOLD!
You have plenty of silver.
I'm still waiting to pull the trigger on the 08 99.999 maples myself.

minesmoria 09-09-2008 01:09 AM

Re: Silver or gold?
 
There is a guy on ebay he has to 07 and 08 male leaf 5 9 i like the look of the 2007 better.

Master_Ho 09-09-2008 01:17 AM

Re: Silver or gold?
 
Quote:

Originally Posted by minesmoria (Post 1278561)
I bought 528 ounces of silver this year, i have another 2000 to buy with.

Now i was thinking of buying 2 maple leaf .99999 gold coins or do you think i am better off buying silver maple leafs instead..

which is the better investment.

I have said for sometime - tho some here have disagreed - when first starting, buy gold while its cheap and you still can afford it - and buy silver with the change or when you can not afford gold anymore.

Gold is easier to buy at $600 or even $800 than it will be at $1000 or $1200 or $1600.............when silver goes to $20 or $30 you can STILL afford that but you might not be able to afford gold.

They disagree - but my gold coins tell me I am right - and I still have plenty of silver! (More than I can lift and run with if I need to!)

minesmoria 09-09-2008 01:21 AM

Re: Silver or gold?
 
I bought all my silver this year at around 17 then it goes to 20 then dropped to 12.

Gold seems better!

mike77777 09-09-2008 01:26 AM

Re: Silver or gold?
 
lighter to carry anyway. you have a good stack of silver, gold is a good choice to compliment the silver.

nickelless 09-09-2008 03:47 AM

Re: Silver or gold?
 
Quote:

Originally Posted by mike77777 (Post 1278591)
lighter to carry anyway. you have a good stack of silver, gold is a good choice to compliment the silver.

If by complement you mean like a matching set or a garnish, yeah, gold adds a nice touch, but every technical analysis I've read on the silver market shows that the actual physical supply is much more diminished than the supply of gold relative to its demand. Gold might be less "bulky" to carry, but I think that's a hollow argument. How much gold or silver are we realistically going to be carrying on our person (unless we have a weapon) at any given time? Here's a great case for silver which shows the foolishness of worrying about silver's "bulkiness":

http://silverblogspot.blogspot.com/2...too-bulky.html

Master_Ho 09-09-2008 03:53 AM

Re: Silver or gold?
 
Quote:

Originally Posted by nickelless (Post 1278712)
Here's a great case for silver which shows the foolishness of worrying about silver's "bulkiness":

http://silverblogspot.blogspot.com/2...too-bulky.html

Read the article some time ago - and he's right - if all you are doing is storing it at home under your bed...........

NOW - what if you have to move suddenly for ANY reason??

Ever lifted 500 ounces of silver??? Many can not lift it and, even those that can, many can not carry it too far.......a few yards at most...........

But that same amount of silver translates to 8-10 ounces (depending on the gold:silver ratio) of gold..........

If I had to bug out - I would have to grab my gold and platinum, and leave most of my silver........so its not too bulky unless you are on the move..........try carrying a cubic foot of silver..........

minesmoria 09-09-2008 11:50 AM

Re: Silver or gold?
 
silver price drops down way to much if there was a real shortage it shoud be sky high. Instead it dropped to day to 11.56 :rant::rant:

nickelless 09-09-2008 03:17 PM

Re: Silver or gold?
 
Quote:

Originally Posted by minesmoria (Post 1279296)
silver price drops down way to much if there was a real shortage it shoud be sky high. Instead it dropped to day to 11.56 :rant::rant:

The issue isn't the supply or lack thereof of silver. The issue with the substantial drop in precious metal prices is the (probably manipulated) increasing strength of the U.S. dollar. Notice if you will that gold prices have also dropped more than 20 percent from their peak a few months ago. Do we suddenly have a more ample gold supply? Didn't think so. The same is true for silver.

Mujahideen 09-11-2008 01:14 PM

Re: Silver or gold?
 
Quote:

Originally Posted by minesmoria (Post 1278561)
I bought 528 ounces of silver this year, i have another 2000 to buy with.

Now i was thinking of buying 2 maple leaf .99999 gold coins or do you think i am better off buying silver maple leafs instead..

which is the better investment.

Silver is slightly more liquid than gold, both serve the same purpose.

It is best to not have all your eggs in one nest... isn't that the saying?

HistoryStudent 09-11-2008 03:57 PM

Re: Silver or gold?
 
50 ounces of silver to each ounce of gold - like the PROs at Central Fund Of Canada - who hold in PHYSICAL too!

Meliorist 09-11-2008 05:21 PM

Re: Silver or gold?
 
Quote:

Originally Posted by Master_Ho (Post 1278714)
Ever lifted 500 ounces of silver??? Many can not lift it and, even those that can, many can not carry it too far.......a few yards at most...

I've never lifted 500oz but 34lbs seems like it would be a doable backpack load. Of course, if I were really bugging out on foot I'd probably want 7 or 8 lbs of additional stuff/provisions etc which would be really pushing it. But if I were to bugout on foot I'm pretty sure I'd take my bike which I should be able to push along with 50lbs on it as fast as I could hike with 10lbs on my back.

Master_Ho 09-11-2008 10:27 PM

Re: Silver or gold?
 
Quote:

Originally Posted by ZincBulli (Post 1284342)
Platinum is looking very affordable at $1147 considering that gold was just at $1050 not too long ago.

Not to someone who bought in at $380! :wink: But sure - if one could afford gold at that $1000 price then, platinum would be a great buy at this price now.

My only concern with platinum is that, I see it as a great metal for people who have a lot of money and already have their gold and silver........but if TSHTF most people will not know what it is or worth, and few will have the money to buy it, its not very good as a means of exchange for foods or necessities........so its a great store of value in a small coin, but I sold half of mine (when it hit a high of $2000) and moved it (in essence my original investment) into gold and what I have in platinum now is gravy.

Master_Ho 09-11-2008 10:28 PM

Re: Silver or gold?
 
Quote:

Originally Posted by HistoryStudent (Post 1284749)
50 ounces of silver to each ounce of gold - like the PROs at Central Fund Of Canada - who hold in PHYSICAL too!

I am not disagreeing at all.........but not being a big bank - and wanting to be able to move with my PMs if I need to - I am more like 20-25:1 silver:gold.......I do not want to lift and run with 2000 ounces of silver........

Master_Ho 09-11-2008 10:31 PM

Re: Silver or gold?
 
Quote:

Originally Posted by Meliorist (Post 1284902)
I've never lifted 500oz but 34lbs seems like it would be a doable backpack load. Of course, if I were really bugging out on foot I'd probably want 7 or 8 lbs of additional stuff/provisions etc which would be really pushing it. But if I were to bugout on foot I'm pretty sure I'd take my bike which I should be able to push along with 50lbs on it as fast as I could hike with 10lbs on my back.

Maybe you could - tho I doubt for long - and if I have to carry a gun, ammo, food, etc........that adds to the weight..........

And, as I said, maybe you could - but few others could for long.......older people, women, etc. Its just too damn heavy for more than a few yards, especially with other things with it! Easier to carry a few rolls of silver and the rest in gold.

mayhem 09-11-2008 11:49 PM

Re: Silver or gold?
 
For me.....GOLD.

mick silver 09-12-2008 12:06 AM

Re: Silver or gold?
 
i like to buy silver too , but i also buy gold in 1oz , 100 of silver 1 oz of gold

mick silver 09-12-2008 12:06 AM

Re: Silver or gold?
 
in this drop i did add some more gold

Baldwin 09-12-2008 12:22 AM

Re: Silver or gold?
 
Platinum if you're feeling adventurous. That metal has been forgotten. Relative to gold, it's quite cheap.

I'd buy gold. This smackdown shows us just how much less downside risk gold has.

Gold peaked at $1034 this year. Silver was over $21. Silver is now $10.80. That's practically a 50% loss. Gold would have to head to about $515 to match silver's fall from grace.

And if gold goes to $515, I will eat my keyboard on a webcam.

Talah 09-12-2008 12:53 AM

Re: Silver or gold?
 
Quote:

Originally Posted by Baldwin (Post 1285662)

And if gold goes to $515, I will eat my keyboard on a webcam.

And I will not be able to see it unfortunately as I will be...how do you say it..."backing up the truck" buying gold. :D

Saul Mine 09-12-2008 01:02 AM

Re: Silver or gold?
 
Divide the gold price by the silver price. That ratio swings from 45 up toward 100. When it's low you want to buy gold. When it's high you want to buy silver. Right now it's around 70, which is near the middle of the swing, so it might go either way. (There is no theory to predict which way it might go.) You could put half your money into each, or if you think it will go up some more you could put it all into gold. (See the example below.)

So some time later you are looking at 100:1 ratio. Then you refigure using the prices you would actually get for selling or pay to buy. Remember to deduct fees if you deal on Ebay. Example: Right now the spot ratio is 70. If you sell gold you will get $750, if you buy silver you will pay about $18. So your ratio for that exchange is 41.67. Even though the spot ratio looks tempting, your actual ratio tells you to buy more gold, not silver.

600 years of gold/silver ratio

SilverRanger 09-12-2008 06:31 PM

Re: Silver or gold?
 
If anyone here has 500 lbs of silver, I sure hope they just aren't storing all of it under their bed.

DrillAndFill 09-12-2008 06:44 PM

Re: Silver or gold?
 
The ratio is a good thing to watch, but keep in mind that you pay huge premiums on silver when the Au:Ag ratio is high, as it is now, and may see much lower premiums when you try to sell it later on. Gold premiums fluctuate less, which will dilute the gains you make playing the ratio.

I'd buy silver now if I could find it cheaply -- palladium seems a good bet, too -- but gold looks as near a sure-thing two-bagger as I have ever seen. It will be well over $1500 at some point in the next few years.

azxcvbnm321 09-12-2008 07:46 PM

Re: Silver or gold?
 
Yes, people forget that in the worst case scenario, they're not going to be able to pack their stuff in a car and move, where's the gasoline going to come from? The US imports most of its oil and gasoline, if foreign countries stop accepting the dollar, there will be no gasoline to fuel your car, at that point, good luck with silver. Even 30lbs becomes very heavy after a few miles, and if you live in a city, it's a lot harder to hide hundreds of ounces of silver than a few ounces of gold.

The reason silver is so much cheaper is that it's still not considered money by the big boys who matter. Look at the stats for central bank reserves. I see gold in those reserves, but I never see silver being reported as part of a central bank's reserves. International trade will be done in gold, making gold more valuable as imports will have to be paid for in gold. It's impractical for big importers/exporters to use silver. Think of how much silver Walmart will have to ship to China to purchase a 40 foot container load of T-shirts. Shipping heavy stuff costs more money, no one will want to do long distance business in silver when they can do it in gold instead. That creates a permanent premium for gold over silver. If someone says, it's your responsibility to get to me $1000 in gold or silver as payment, what would you do, ship about 80 oz of silver or send him a little more than 1.3 oz of gold? And if you're on the other side, wouldn't you prefer gold because now you can pay someone else with gold instead of receiving silver which will be expensive to ship or a hassle to carry if you have to pay someone? Hell, you might even demand that someone pay more if they want to pay in silver, or give a discount for gold because it'll save you trouble and hassle later on. So you see, there are many reasons why gold is money, but silver only maybe is money.

Mujahideen 09-15-2008 06:48 PM

Re: Silver or gold?
 
Try buying bread with gold & getting change.

The smallest size of gold coin is what? 1/20... today that is valued at what $38... How many people have 1/20 gold coins?

Your best bet is to hold both; Keep silver for small purchases & gold for large.

gypsybiker45 09-15-2008 06:57 PM

Re: Silver or gold?
 
Quote:

Originally Posted by Master_Ho (Post 1278714)
Read the article some time ago - and he's right - if all you are doing is storing it at home under your bed...........

NOW - what if you have to move suddenly for ANY reason??

Ever lifted 500 ounces of silver??? Many can not lift it and, even those that can, many can not carry it too far.......a few yards at most...........

But that same amount of silver translates to 8-10 ounces (depending on the gold:silver ratio) of gold..........

If I had to bug out - I would have to grab my gold and platinum, and leave most of my silver........so its not too bulky unless you are on the move..........try carrying a cubic foot of silver..........


I agree with you except on one point..PLATINUM....i will not own it,why? well i guess i would purely for a planned investment, but as bug out cash? never...try and convince someone its not silver for one, two j6p barely can grasp the value of gold or silver let alone platinum.

Twisted Avatar 09-15-2008 07:10 PM

Re: Silver or gold?
 
Get some Gold and pick up the change in silver.



T

southfork 09-15-2008 07:15 PM

Re: Silver or gold?
 
I think palladium holds more potential that gold longer term, fusion , water purifaction ect. Get two pallladiums and one gold.

65gt350 09-15-2008 07:18 PM

Re: Silver or gold?
 
Quote:

Originally Posted by Saul Mine (Post 1285720)
Divide the gold price by the silver price. That ratio swings from 45 up toward 100. When it's low you want to buy gold. When it's high you want to buy silver. Right now it's around 70, which is near the middle of the swing, so it might go either way. (There is no theory to predict which way it might go.) You could put half your money into each, or if you think it will go up some more you could put it all into gold. (See the example below.)

So some time later you are looking at 100:1 ratio. Then you refigure using the prices you would actually get for selling or pay to buy. Remember to deduct fees if you deal on Ebay. Example: Right now the spot ratio is 70. If you sell gold you will get $750, if you buy silver you will pay about $18. So your ratio for that exchange is 41.67. Even though the spot ratio looks tempting, your actual ratio tells you to buy more gold, not silver.

600 years of gold/silver ratio

You might want to take a look at an old gpond post about the G/S ratio of 68. Do a search for "sixty eight". From what I read now is the time to be buying gold since the support for 68 has been broken. He normally updates it on Turkey Day.

Buying silver now feels like your trying to catch a falling knife. I'll know in a couple weeks if I can still type.

65GT350


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Gold & Silver Forum - Silver or gold?
Gold & Silver Forum

Gold & Silver Forum (http://goldismoney.info/forums/index.php)
-   Gold - Silver - Coins - Numismatics (http://goldismoney.info/forums/forumdisplay.php?f=51)
-   -   Silver or gold? (http://goldismoney.info/forums/showthread.php?t=299196)

Master_Ho 09-15-2008 07:51 PM

Re: Silver or gold?
 
Quote:

Originally Posted by gypsybiker45 (Post 1291862)
I agree with you except on one point..PLATINUM....i will not own it,why? well i guess i would purely for a planned investment, but as bug out cash? never...try and convince someone its not silver for one, two j6p barely can grasp the value of gold or silver let alone platinum.

You aren't disagreeing with me at all.........as I explained elsewhere (maybe above) thats why I sold half and moved it into gold.

But if I am going to carry the gold - I am sure going to carry coins that weigh the same but worth twice as much - no sense leaving them behind........and I only have about 6 left.

latemetal 09-15-2008 08:38 PM

Re: Silver or gold?
 
Smallest gold I know of is the 1 Gram bar and the Mexican 2 Peso coin at 1.5 Grams, after those two comes the 1/20 ounce coin at 1.55 Grams gold. 1 gram gold at todays spot ( $780.30 ) is $25.09, this is where you need silver coinage.:bull-buddy-icon:1/20 ounce coin works out at $39.:tongue_ma:
Quote:

Originally Posted by Mujahideen (Post 1291854)
Try buying bread with gold & getting change.

The smallest size of gold coin is what? 1/20... today that is valued at what $38... How many people have 1/20 gold coins?

Your best bet is to hold both; Keep silver for small purchases & gold for large.


LibertyAZ 09-15-2008 09:58 PM

Re: Silver or gold?
 
Palladium if you can find it. Otherwise, at 70:1 ratio I'd have a hard time justifying buying gold over silver. On the gripping hand.. You can probably find gold.. silver is in seriously short supply hereabouts.

Olmstein 09-15-2008 11:49 PM

Re: Silver or gold?
 
Buy Gold. Gold is money. Always has been, always will be.

phildavis111 10-05-2008 05:32 PM

Re: Silver or gold?
 
What about 10K or 14K jewelry and sterling? Do you think that it will be accepted in a SHTF scenario?

latemetal 10-05-2008 06:39 PM

Re: Silver or gold?
 
Amost everything will trade the question is how bad will the discount be?If you can get enough CHEAP 10-14k gold you can sell to refiners and buy what you want. Do a search on selling to refiners.
Quote:

Originally Posted by phildavis111 (Post 1335081)
What about 10K or 14K jewelry and sterling? Do you think that it will be accepted in a SHTF scenario?



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