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 Replies: 73 / Views: 7,203 |
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Pillar of the Community
United States
1454 Posts |
Poll Question
Which would you rather buy, gold or Silver?
Whether to be used as a platform for educating newbies or to theorize on some precious metal buying strategy that no one has ever considered, I thought I could get some opinions:
Say you had $5000 burning a hold in your bank account and you decided to spend it on gold or silver, not some of both. You'd either be all-in with gold or strictly shopping for silver.
Which would you choose, what would you specifically buy, and, more importantly, why? Also, perhaps explain whether you'd be buying it to flip it in the short term or more as a long term hold and how that might sway your decision making.
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Pillar of the Community
United States
863 Posts |
i choose silver because I can own a much larger quantity of silver over gold. only about 3 oz of gold for 5000. you can get nearly 200 ounces of silver for that price. if silver goes up one dollar that is a 200 increase in the value of the silver. to be equal gold would have to increase 66 dollars
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Pillar of the Community
United States
808 Posts |
I couldn't imagine a real world scenario where I wouldn't diversify. But since I must choose, I choose silver. No question. Higher volatility and risk, yes. But also greater reward potential.
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Bedrock of the Community
United States
36745 Posts |
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Pillar of the Community
 United States
1454 Posts |
Agreed, CW. This is more of a purely hypothetical exercise regarding how to spend one lump sum of cash. Everyone's holding would profit from being as varied as humanly possible. That's why my third and fourth favorite "precious" metals are lead and brass.
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Pillar of the Community
Canada
3692 Posts |
Gold. If you had to abandon your home for any reason, gold would be much easier to carry. It holds its premium better than silver, IMO.
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Pillar of the Community
Canada
3692 Posts |
Traevin, lead is a base metal and brass is an alloy. I really don't know why you would hold either unless your business's inventory depended on it.
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Pillar of the Community
United States
4897 Posts |
I voted for gold. Thought it was a no brainer at this point in time.This could change and does often.
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Bedrock of the Community
United States
36745 Posts |
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Pillar of the Community
United States
4897 Posts |
 ...Libertad...I think Traevin is referencing bullets... |
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Pillar of the Community
United States
808 Posts |
VERY important point, Libertad. If you were to add in a political risk factor to the poll, absolutely I could see purchasing the most cost effective mix of fractional gold my hypothetical $5000 could buy and adding it to my "go" bag.
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Pillar of the Community
United States
593 Posts |
Quote:
Gold. If you had to abandon your home for any reason, gold would be much easier to carry. WIth an ample supply of lead and brass, you don't have to leave your home! |
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Pillar of the Community
United States
1195 Posts |
Silver. I'd split my purchace between numismatic, high grade, US silver in dates I like and bullion grade silver to flip later for gold.
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Pillar of the Community
Japan
666 Posts |
silver ... because I like it more at this level
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Valued Member
United States
385 Posts |
I feel like silver is way too overrated, although it was once used in currency (ie. the British pound of Sterling Silver), it adds up to gold by a set ratio. I mean, with our high technology today, silver is pretty easy to acquire so I'll have to go with gold because it is much rarer and more easy to recognize despite its useless features and applications in the industrial world.
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Pillar of the Community
United States
561 Posts |
I would add gold. While I would lean that way regardless, a deciding factor for me would be that my current PM holdings lack any gold at all.
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Replies: 73 / Views: 7,203 |
Posted 07/12/2012 8:37 pm
