200 Onces Of Silver Or 3 Ounces Of Gold?

I am looking for long term investment and storage. Converting Digital currency into a hard physical form as well. I can purchase precious metals that are IRA eligible as well.

So I was considering one large 5000g bar of silver, but then I thought of 2 100 ounce bars of silver and then I thought of the gold, but not sure which would be a better long term investment with the greater possibility of their spot going up in the future.

I am just beginning to invest in precious metals. I tend to purchase the cheapest above spot I can find from reputable dealers. I have also invested in some certified coins as well.

Thanks!

Million dollar question for sure. Long term? over hundreds of years what has the gubmints/financial wizards done to abscound wealth...asking because it is a risk. The wealthiest individuals had more than just a PM, real estates, businesses, they OWNED it. That's what counts. Who's gonna "own" your IRA, some PM warehouse? How about a Bank, or of course, a safe deposit box. What happens when the bank locks it's doors, they only guarantee so much ya know. Gonna keep it at home? Big buried safe? I personally don't trust any gubmint, financial institution or business outfit to be able to give my PM wealth to me in a time of crisis, history ain't on your side my friend. Neither are they....

If you are thinking of a long term wealth storage, gold is less bulky for the same value. That has merit, but who knows what the best long term value would be?

I'd buy the silver. I am not a charting guru but rather an amateur who believes silver has more potential than gold at current valuations.

Both can be used as a hedge against inflation. Neither are great investment vehicle.

First off, I say forget gold and silver for investments, just not worth it right now. A big waste of money for the time being.

Your better return would be being in the market and finding some current strong market themes, such as investing in water, gaming, robotics/automation, fin tech, mobile payments, cloud computing, these are strong sector/themes that will give you a superior return over gold and silver. If you want more info I can provide some simple ETFs you could buy to invest in these strong uptrends.

Again, PMs are a horrible investment right now. That said, if you told me, "well but I don't like stocks" and you decide to put good money into a go no where asset class, then you best bet (and are prepared for your purchase to go no where for the time being) then I want to tell you to STAY AWAY FROM SILVER.

Silver is up, YTD, roughly 7% but has really struggled compared to gold. So if you are going to pick your poison, go with gold, if you must buy a PM.

At least gold is up 12%, which again is PALTRY compared with other asset classes, but much better than silver.

So go buy yourself two 1 oz Gold Perth Swans, if you have money for a 3rd, buy another gold Swan. Beautiful coin, low mintage and the first in its series.

But whatever you do, ignore silver until it proves it can hold its gains much better.

Hi Yup7676,

I do have some stocks currently. The reason I was looking at PM's is that I don't have a lot and I wanted to diversify into something a bit more stable than stocks and move into a tangible holding.

The other main reason is that I wanted to go straight from digital currencies to PM's. That would allow me to avoid any tax liabilities I might have gotten from directly selling digital currencies to cash and then spending that cash for stocks.

I would hate to put words in @crazyb0's mouth, but I think that he was commenting on the difficulty in trusting anyone with PM storage and therefore concluded that at home with his shotgun is probably the safest place.