Gold V Silver Prices ? - Coin Community Forum

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Author	Replies: 5 / Views: 1,254
kg5 Valued Member Australia 491 Posts	Posted 02/24/2013 03:55 am From pre 2008 I have a good idea on the huge increase in the price, per oz that gold has experienced. My question is how has silver's price reacted in the same time frame? At approx $28oz for silver at present makes me think that silver prices have not been as volatile as gold. But what do I know! Gold has increased 200% since I last time I got some. I wonder if this trend has been the same with silver? Silver is my area of interest at present. kg5 Report this Post to the Staff

basebal21 Bedrock of the Community 13014 Posts	Posted 02/24/2013 04:12 am Silvers done the same thing since 08 both have basically doubled in price. If you go back to 03 gold was 300ish its now 1500ish or 5 times as expensive. Silver was 5 bucks its now 28 again basically 5 times as expensive. Most of last year silver was 6 or 7 times as expensive and was out performing gold for percentage gains for a while but theyve evened back out. Silver isn't as volatile as gold just because of the lower value. If silver loses 10% its only lost about 3 dollars. If gold loses 10 percent its lost over 150 dollars. Their percentages have been very similar the last few years its just the dollar amounts are very different from their pricing. Report this Post to the Staff
kg5 Valued Member Australia 491 Posts	Posted 02/24/2013 04:19 am Thank you very much for such a great reply. I really appreciate your time. Gold frightens me at the minute but silver is a good risk for me. It is not so much of a knock if buying silver coins does not work. Edited by kg5 02/24/2013 04:19 am Report this Post to the Staff
barryg Pillar of the Community United States 5855 Posts	Posted 02/24/2013 07:00 am Expanded Digital U.S. Type Set Album \| Dansco 8100 (Lincon Cents) Album \| Digital Proof Type Set \| Digital U.S. Currency Type Set \| Foreign Bullion Coins Report this Post to the Staff
Libertad Pillar of the Community Canada 3692 Posts	Posted 02/24/2013 11:23 am Buy coins for what they are and what they once were. Buying for metal value right now is quite risky. You're going to get this next advice a lot in this coin forum, but I reiterate, buy numismatic coins that will hold their value after all this volatility is over. You're lucky to live in Australia. Report this Post to the Staff
lincsus Valued Member United States 200 Posts	Posted 02/24/2013 11:26 am Percentage wise, I will say silver is more volatile than gold. Within less than a year, silver has gone from 27 to 35 (30% increase) to 28.50 now (18% decrease). Report this Post to the Staff
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