Gold or Silver?

My friend seems to think that silver is a better 2-5 year investment than gold.

Any thoughts? :sunny:

 

Thought: I don't invest.



If I did invest I wouldn't buy at an inflated price. Both Gold and Silver are now at inflated prices.

 

According to Dennis Brown -

"Silver and gold will vanish away
But the natty dread is here to stay"

Invest in natty dread. Dennis never let me down before.
​

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Your friend would be correct, silver is becoming hugely popular and don't forget the fact that it costs much less then gold so buy. Once the cost per ounce for silver goes up another 30 bucks you would have doubled your investment. To do this with gold it will need to go up another 1600$ oz...

 

Invest in Canadian gold and silver coins as they are some of the highest quality coins made, usually at .9999 purity levels. Also, would easier to use and spend In case of economic collapse

 

Nows a really good time to buy either, the prices dived over recent months cos of the EU debt thing, big investors turned to cash. When things pick up again, prices will jump back up. Should see around a 20-30% difference in low to high spot price this year.

Most stockmarkets nowadays have ETCs for gold and silver so the cost of trade is far low than physical metals. In Aus for example using an ETC for gold for one ounce, brokerage would be $15 each way, buy and sell. Whereas for physical the difference is about $80 between buy and sell price


But yeah, most are saying silver over the next couple years. Because of this EU debt thingy, the big guys dump their gold reserves for cash and all the bonds on offer. Whereas silver has a broader range of uses, thus shouldnt follow the same trends

Buuuuut, once the world economy kicks back into gear you should see a big jump in the gold price, probably not for a couple years, timimg that right is the tricky part.

 

Though you're thinking smart VG,that is the dumbest thing anyone can do... Buying pieces of paper or electronic "shares" of precious metals; you want the metal in hand bro.
Checkout SKYY... ETF for cloud computing

 

I'll take either if you're offering, D

 

Yeah, most of the guys I've talked to (online that is) that are into collecting bullion are these types that do so cos they think the worlds going to end or in case we get invaded by nazis or something and the government is going to pillage their bank accounts

As I mentioned above the difference in the cost of trade between ETCs and physical is at least 50 bucks per ounce. Thats 3% just for touching the real thing versus vitual. If the intent is just making money, then why?

 

i started buying both over two years ago, and i haven't bought any since january. i've sold about 20% of what i have. i also turned and burned palladium for a good profit. bought when it was right around 400/oz. i don't know what to tell you, i'm not tuned in like i used to be. maybe i just got lucky.

 

Well yeah, I mean I foresee economic collapse,when this happens you'd want physical bullion. And these etc's for gold haven't been around for more then 2 years or so, and the gold one is around 160 a share so I don't understand what you mean by 50 bucks an ounce or 3% wheredid you pull this from?

 

...

 

How much gold can you eat?

 

fuck whoever thumb downed my deleted post

 

Buy then sell 10 shares the brokerage would be $30

Whereas buy then sell from a bullion company, their difference between buy and sell price is at least $80

$50 bucks more per ounce 50/1600 = 3%

 

Depends... Do you mean monatomic gold?.
You do have a good point though tyrson, but I like to think about taking power away from the elite,,,

VG your mixing two completely different concepts.... Do you mean buying etc's from bullion companies? The main purpose for etc's would be to short the gold price , getting loaned shares of the commodity expecting it to drop then selling when it does and keeping the profit...

 

Invest in coffee, cigarettes, alcohol and guns.

People will always want coffee to start their morning, maybe a smoke to relax during the day, some drinks to have a fun evening and bullets to protect and hunt.

Once the world is in complete chaos from the bank debts ruining everything nobody going to care about metals. They are going to want what i said above.

Think about it, if society is complete ruins, who on earth would want a shiny rock meteorite looking thing over a 5th of bourbon, a pack of smokes and a hunting rifle?

If anything i would think the banks WANT you to invest in gold because they control the market...think about that and look at our current financial situation...

 

Hahaa, I entered this thread with the same thing in mind, only from a Jah Woosh song. "A good name is better than silver and gold". They both got it from the bible, proverbs to be exact :2thumbsup:

 

My parents have quite a few silver bars. I wouldn't buy either right now.

 

i live in the silver state(nevada)it has more gold mines then anything else except maby cattle.i don't purchase gold,silver only in jewelry,gems,copper and interest in mines that dig some of the other rare earth metals that go in to our electronics.