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 Replies: 22 / Views: 2,080 |
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Pillar of the Community
United States
1327 Posts |
the other thing to look at is with gold it is alway being refinded were silver is more of a industrial metal and it is getting used is process that are not getting refined so I feel the amount of silver will run out before the amount of gold.
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Pillar Of The Community
3147 Posts |
Bottom line is percentage of increase over a period of time. The boys in the know, whoever they may be, will tell you should gold double then other precious metals will follow suit. It is my personal opinion, should gold reach the $800 to $1000 mark, and eventually it will, then silver should be expected to see the $25 to $30 or more. Percentage wise silver would be by far a better investment. I agree that numismatics is a great way to put money back, to save money and to invest a few bucks but bullion is also precious metal and like it or not we coin collectors are helping to drive those prices as well. When bullion was first introduced as an investment option none of the issuing governments involved had any idea coin collectors would get on board. They (we) have played a part in the bullion industry and continue to do so. I guess I personally don't want all my eggs in the same nest so I continue to buy into both areas and intend to pursue that course of action. Also keep in mind silver does get USED up where most gold is reclaimed. I really believe we are seeing the begining of a silver shortage but as always....time will tell! The important thing to remember is the only person you have to please with your collecting habits or investing habits is YOURSELF and if you are happy and enjoy what you are doing nothing else really matters! Enjoy these great times in this hobby as all things tend to run in circles! One must keep that in mind!
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Pillar of the Community
Belgium
2078 Posts |
As one of the mainland europeans I can only vote for gold because the ask bid spread on silver is like 20% and the value added tax non refundable is 19 % on bars and going up . This means the day you walk out of a store with a silver bar you loose 39% the moment you are out of the door. And I am sorry to say I do not believe in the shrinking ETF silver funds where the silver may be there or might not be there but where for sure the management cost is paid out in silver So after ten years instead of 1 ounce bars the bars are only 0.95 ounce bars ( 0.5% cost paid out in silver per year )  |
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Pillar Of The Community
3147 Posts |
Well I knew as soon as I saw Ageka's name how he would vote! You are faced with some burdens in Europe we do not have over here at this time. Don't get me wrong concerning gold as I would love to have a truck load of the stuff but find there a large number of collectors buying silver because it is simply more affordable for the guys/gals that don't have deep pockets. In any event prices at the current time are really favorable for those of us who wish to sell but really a kick in the rear if you are looking to buy. I have no desire to sell silver or gold at this time but, due to current prices, will continue to buy a little silver now and then.
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Pillar of the Community
United States
2365 Posts |
VERY WELL said crystalk64 on both of these posts today! Thank you!
Edited by dsking
05/07/2006 4:23 pm
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Pillar of the Community
Belgium
2078 Posts |
quote:
Originally posted by crystalk64
Well I knew as soon as I saw Ageka's name how he would vote! You are faced with some burdens in Europe we do not have over here at this time. Don't get me wrong concerning gold as I would love to have a truck load of the stuff but find there a large number of collectors buying silver because it is simply more affordable for the guys/gals that don't have deep pockets. In any event prices at the current time are really favorable for those of us who wish to sell but really a kick in the rear if you are looking to buy. I have no desire to sell silver or gold at this time but, due to current prices, will continue to buy a little silver now and then.
You are absolutely right Terry But I posted on an investor forum that next year J6P would not have the money to buy an ounce of gold but still would be able to buy a few ounces of silver and in this way leveraging silver to gold I got the answer I was dreaming and that the pension funds would decide the price , not the little guy . I am not so sure because millions of little guys equal near bankrupt pension funds any day IMHO  |
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Pillar of the Community
 United States
590 Posts |
Thanks to all for sharing their knowledge and opinions. -Dewayne
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Pillar of the Community
United States
1247 Posts |
I voted for silver but it's more of a long term view than 12 months. There are too many variables that can come into play in the short term--Buffett's 120 million ounces of stored silver comes to mind. In the long term, over the next 10 years, I believe people will increasingly see silver for what, IMO, it really is, not an investment but a crisis metal. I have silver I bought for $5 an ounce. Okay, what am suppose to do now--exchange it for wallpaper? I don't think so. As pointed out already, silver is more affordable to Joe and Jane Sixpack. And in the event of social break downs, may be more practical. I'd rather buy stuff with silver and leave, *quickly* than wait around for my change from a 1 ounce gold eagle; the change of which might be a couple of 9mm's in the chest.  There's also a wild card in all this which seems to get almost no mention. A good part of silver and gold reserves are in South America which is coming under marxist controls more and more each day. Will anti-capitalists sabotage mines and reduce the supply or will marxist leaders have their "workers paradise" digging like gophers at gun point? If there is an "investment" opportunity in silver and gold it may be that people will be paying too much attention to it and not presenting more competition in coin auctions. Edited by longnine009
05/07/2006 7:09 pm
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Pillar of the Community
United States
590 Posts |
Good post longnine009. I did not think about using silver or gold during a crisis for needs. Thanks, Dewayne
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Pillar of the Community
Belgium
2078 Posts |
It is posted on an investor forum that BRIC contries ( Brazil,Russia,India and China ) now have more gold then the G7 countries all together That is a painfull consideration As to gold, at the moment the price of gold is determined by futures contracts and big moneyowners On ebay germany this weekend I have seen gold go as low as 20% below the spotprice of friday  |
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Pillar Of The Community
3147 Posts |
If you really want to have gold around for a crisis situation I would highly recommend the 1/10 bullion coin! Not as big as a dime and you won't be flashing huge gold pieces should the time come. Not to mention in a crisis situation there may not be change to give!
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Pillar of the Community
United States
1703 Posts |
Well, both Gold & Silver took a big drop this morning. We will see if they regain today. Reading an article on Kitco.com, there saying they expect a slow decline in metal prices. Terry, unfortunatly if things go to the crisis stage, the metal in most demand will probably be lead.  I,m sticking with silver and hoping fo the best. |
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Pillar of the Community
Belgium
2078 Posts |
quote:
Originally posted by crystalk64
If you really want to have gold around for a crisis situation I would highly recommend the 1/10 bullion coin! Not as big as a dime and you won't be flashing huge gold pieces should the time come. Not to mention in a crisis situation there may not be change to give!
This is good advise and makes me remember that in 1979 I bought several sheets full of 5 gram Credit Suisse feather bars Yes they called them feather bars at the time Now you can get sheets fulls of 1 gram feather bars .I never seen one in real life because premium would be quiet high and because I think if I sneeze it would entail half an hour surching for it . I have recently seen ads for 10 grain "bars" embedded in plastic so you do not misplace your goldbar |
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Forum Kid
Kuwait
1523 Posts |
I voted Silver,
You buy silver(VERY VERY CHEAP) and sell in bulk(for quite a tremendous amount.)
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Member
United States
3242 Posts |
gold is in deman from Tv-parts,carparts-cpu-teeth-coins
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Replies: 22 / Views: 2,080 |
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First Page
Posted 05/07/2006 1:19 pm
