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 Replies: 25 / Views: 4,931 |
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New Member
United States
40 Posts |
Gold VS Silver?
If you compare the 2006 end of year price vs a historic price at start of each year, It depends on when you "get in"...
1998 gold wins 2.26 to 2.20
1999 silver wins 2.58 to 2.23
2000 silver wins 2.44 to 2.28
2001 silver wins 2.81 to 2.37
2002 silver wins 2.81 to 2.31
2003 silver wins 2.76 to 1.87 (Russell 2000 = 2.01)
2004 silver wins 2.16 to 1.55
2005 silver wins 2.02 to 1.50
2006 silver wins 1.43 to 1.21
I have not looked back past 1998, but in recent years, Silver is winning, gold has been 2nd (Except from 1/1/03 to 12/31/2006 - R2K was 2nd, Gold was 3rd).
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Pillar of the Community
United States
2600 Posts |
When, not if, nations like China and India bring their treasuries more in line with the world and base their monetary system on something other than the U.S. dollar, gold will spike. Yes it will bring silver along, to an extent, but it will not see the gains that gold will. The question was which is the better investment, so I assume we are talking forward looking. Short term gold looks better. Historically, silver is more consistent, though, it is being replaces by other materials in a lot of industrial applications and that worries me long term.
Jim
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Valued Member
United States
140 Posts |
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New Member
United States
40 Posts |
Gold vs Silver? I took the time and looked up historic gold & silver prices prior to 1998 (see my earlier post)... For values from Jan 1 of given year compared (ratio) to Jan 1 2007... 1997 Silver won 2.71 to 1.76 (Platinum actually wins 3.13) 1996 Silver won 2.50 to 1.65 1995 Silver won 2.67 to 1.69 (Dow actually wins 3.25) 1994 Silver won 2.45 to 1.63 (Dow actually wins 3.33) 1993 Silver won 3.53 to 1.96 (Dow actually wins 3.77) 1992 Silver won 3.34 to 1.83 (Dow actually wins 3.93) 1991 Silver won 3.10 to 1.64 (Dow actually wins 4.78) 1990 Silver won 2.48 to 1.61 (Dow actually wins 4.44) 1989 Silver won 2.13 to 1.56 (Dow actually wins 5.82) 1988 Silver won 1.95 to 1.34 (Dow actually wins 6.19) 1987 Silver won 2.41 to 1.59 (Dow actually wins 6.47) 1986 Silver won 2.22 to 1.97 (Dow actually wins 8.11) Gold has proven to be a better investment over Silver only one year (buy in 1998) since 1986. Silver has been a better investment if bought in 20 of 21 years. Some poor sole out there bought gold in 1979 & 1980... they are still upside down. I was surprised to see the Dow beat gold & silver prior to 1996 (and that is on the index, dividends are ignored)... We all should have bought ebay & google (back in the early years), but I sure like looking at gold & silver (coins & bars). |
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New Member
United States
1 Posts |
The price of silver has never been know to be an amazingly stable, gold has. One thing you guys should know is that gold for the most part, does not change price the dollar does. Look at the price of gold in say, euros the price changes are not the same as they are in dollars; this is because the dollar changed prices due to economical changes. Silver is more resistant to price changes due to times of economic down fall but its still susceptible to economics due to the industrial uses of silver. I could go more in-depth about why gold would go up much faster in a time of economic downfall, as I am running short on time I wont. The main idea is that gold is not a true investment meaning its not going to make you money; gold is a way of securing your money. Silver is still much better then keeping your money in a bank account for 30 years with 2% interest. Sorry about my spelling and grammar it's never been my forte.
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Pillar of the Community
United States
1327 Posts |
I vote silver, since if you buy the same amount dollar value you can get alot more silver for the price of gold and it only take a littel move to make good money were Gold need to move more to make the same % of profit.Also I feel that down the road we will run out of our silver supply since it is not refined as much as gold and we will some day run out of it.
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Pillar of the Community
United States
1247 Posts |
I voted for silver. It doesn't seem to make sense that silver would out perform gold so much. But then again, what does make sense? Before New Century became the Son of Enron people bid the stock up to what? $66 at it's high? Based on a business plan that basically said: Dudes we'll make sub-prime loans to people that will never be able to pay us back!  |
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New Member
Belarus
30 Posts |
I think that gold is not a liquid assets in comparison with silver. My choise - silver.
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Valued Member
Philippines
156 Posts |
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Valued Member
Ireland
498 Posts |
For me at present silver for assurance or economic melt down gold.
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Moderator
 United States
23731 Posts |
For me it's silver, it's still easy to come by and there are many beautiful coins still out there to add to a collection.
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Pillar of the Community
United States
1031 Posts |
I believe silver is the better investment right now. I think it has the potential of higher short term profits compared to gold. However, I believe that everyone should diversify and own some of both.
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Valued Member
United States
159 Posts |
When silver was under $6 an ounce I bought a ton of 40% silver halves because they were available for around 75 cents each. With a face value of 50 cents the downside risk was minimal. With current spot prices the downside potential for gold or silver is there. I give a slight edge to silver because of the many industrial uses that exist. Has anyone noticed that silver has gone up despite the fact that two of the more popular uses for it have dwindled? It seems to me that photography and dentistry are using far less of it than in years past.
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Pillar Of The Community
3147 Posts |
I still believe silver will out perform gold percentage wise should a huge jump in value occur. Lets say gold will double, thus taking silver along for the ride, and it (silver) goes to $35 or $40 per ounce. While owning both metals would be great I feel silver's potential for increase will be greater than that of gold.
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Valued Member
Netherlands
376 Posts |
You never buy gold coins under 1 us-dollar... but old silver is not recognizable with the main public, which calls them nickels instead. So You can buy silver quarters in the Netherlands for face value...
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Posted 01/16/2007 11:31 am
