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 Replies: 22 / Views: 4,310 |
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Valued Member
United States
204 Posts |
Poll Question
For a long term investment, is it better to invest in gold or silver?
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Pillar of the Community
Canada
1118 Posts |
Silver spikes all over the place, it is better for a quick buy and sell.
Gold is considered a storage of wealth. If you buy an ounce of gold today and one ounce of gold would pay your rent today it would (in theory) cover your rent 25 years from now.
I said gold but from what I understand people here don't regard gold as an investment per see.
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Pillar of the Community
Canada
3692 Posts |
Neither.
Gamble with silver, and park your cash in gold. It's not an investment, just an insurance policy against whatever uncontrolled situation comes at you. War, insurrection, layoff, shotgun wedding (kidding...)
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Valued Member
United States
71 Posts |
I voted both although right now I think silver is the buy with the possibility of the gold silver ratio improving and then turning the silver back into gold.
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Pillar of the Community
United States
808 Posts |
Libertad nailed it.
However, if I ever do figure out the PM markets, I think silver is potentially the best play.
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Pillar of the Community
United States
3789 Posts |
wish you had put an option for "neither".
As of right now, there is zero reason to invest in gold or silver as they do nothing. If anything, the risk is higher that they continue lower. Who wants to invest in something that goes lower, I sure dont and I wouldnt do it with anyone's money either.
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Pillar of the Community
United States
4333 Posts |
Investments normally pay a dividend of some sort.
Just because I wrote that doesn't mean I'm anti-precious metals.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Moderator
 Australia
16830 Posts |
Choose gold. Silver will eventually corrode and require re-refining. The gold will last until the Earth plummets into the Sun. Is that "long term" enough for you?  Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Valued Member
 United States
204 Posts |
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Pillar of the Community
United States
1554 Posts |
I would say neither. There are better investment vehicles.
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Pillar of the Community
United States
9395 Posts |
Quote:
wish you had put an option for "neither".
As of right now, there is zero reason to invest in gold or silver as they do nothing. If anything, the risk is higher that they continue lower. Who wants to invest in something that goes lower, I sure dont and I wouldnt do it with anyone's money either. Actually, If you regard gold and silver as "insurance", you put some small fraction of your assets these and keep your fingers crossed, hoping gold and silver stay low. As with real insurance, you don't really want this gold/silver "insurance" to pay off -- if the price of gold and silver soar "to the moon", it means that something has happened to the dollar and more conventional investments making up the majority of your assets. Much better to lose some money in Gold and Silver. |
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Bedrock of the Community
Australia
21788 Posts |
For a long term investment, there are better things to invest in.
I just don't know what they are.
The real secret is to have an 'each way' bet on everything.
With that approach, and the choice restricted to just gold or silver, "both" becomes the only pragmatic choice.
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Valued Member
United States
204 Posts |
Thanks for the information!
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Pillar of the Community
United States
738 Posts |
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New Member
United States
20 Posts |
Neither if you're looking to get rich. You should invest in gold if you're looking to hedge your money and park it somewhere instead of holding cash and not wanting to risk it with stocks. Silver is great for headaches. You will not get rich investing in gold or silver unless you have tons of money to risk. Do it because you like collecting something that holds it's value fairly well. It's a fun hobby that leads you down different path's when looking up different coins from different era's of history. I've learned a lot about our country just from my interest in the 2 PM's.
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Valued Member
United States
204 Posts |
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Replies: 22 / Views: 4,310 |
Posted 04/07/2015 7:50 pm
