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 Replies: 37 / Views: 5,378 |
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Valued Member
United States
425 Posts |
I ran alot of numbers/dates but the short story is.......
In 2004 Gold was going about $400 an oz. and Silver was $6 an oz.
Looks like in 2011 Gold will hit $1400 an oz. and Silver $30 an oz.
SO, Is Silver a better investment than Gold right now?
In 2004 it took almost 67 oz.'s of Silver to get one oz. of Glod.
Now you only need just under 47 oz.'s to get one oz. of Gold?
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Bedrock of the Community
Australia
21788 Posts |
In ancient times, it was from around 10 to 1, to 15 to 1.
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Valued Member
United States
255 Posts |
% wise silver is [probably better. But, much more risky. It tends to drop faster and sharply. Best to buy both and "diversify."
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Bedrock of the Community
United States
10982 Posts |
Both gold and silver have run up a lot in the last few years as you noted. Which is better? That's the $64,000 question that nobody has an answer to. I believe silver will reach $50 and gold $2000 before this bull market is over; so in that respect I guess silver has more upside but honestly that's all it is.....a guess!
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Bedrock of the Community
United States
20753 Posts |
Quote:
In ancient times, it was from around 10 to 1, to 15 to 1. And not to long ago Aluminum was worth more than both. |
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Bedrock of the Community
United States
14454 Posts |
heck last year everyone was stealing copper out of people houses also
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Valued Member
United States
286 Posts |
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Valued Member
 United States
425 Posts |
Quote: "heck last year everyone was stealing copper out of people houses also"
They are still doing this! At the scrap yard you can get $2.50 a pound for copper and $2.20 for brass......but aluminum is still only 24c a pound!
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Bedrock of the Community
Australia
21788 Posts |
odentheviking: Search my post on the thread 'My apologies to copper hoarders'
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Valued Member
Canada
221 Posts |
More info  It take's about 145 pre 1982 copper cents to make a pound  |
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Pillar of the Community
United States
3592 Posts |
odentheviking ..our scrapyard is paying $3.09 for copper and 55 cents for aluminum. Sometimes you have to shop around.
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Valued Member
United States
425 Posts |
Quote:
"odentheviking ..our scrapyard is paying $3.09 for copper and 55 cents for aluminum. Sometimes you have to shop around."
Hey, where do you live? I'm gonna come there and turn in my alum. cans! I'm in Colorado and I checked 5 scrap yards w/in driving distance, they all had about the same price. Wonder why it would be so differant?
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Valued Member
United States
425 Posts |
Quote:
"It take's about 145
pre 1982 copper cents to make a pound"
Very true! And if you live close to Maineman you can double your money......only problem is they will not take pennies!
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Valued Member
United States
299 Posts |
a few comments...
Estimates for ratio of silver/gold based on in ground and what has been mined of the centuries is about 16/1
Early in American history US govt pegged it at 15.5/1, but Europe was using 15.9/1 so a lot of our metal migrated to Europe - early form of currency trade for profit.
Silver is more volatile than gold but that does not equate to more risk necessarily, depending on how you play it and what your goals are.
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Valued Member
United States
425 Posts |
Quote:"depending on how you play it and what your goals are."
MY GOAL is to get a 1995, 1oz. Gold something for my daughter! Back when Gold was $300 an oz I got rounds for my kids.....somehow I missed 1995 and got two 2000's!
Now I can't find anyone that will trade me Silver for Gold. Even with showing that Silver is becoming more valuable than Gold by the oz!
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Valued Member
United States
364 Posts |
Remember, too, that in industrial applications silver tends to be CONSUMED, whereas the vast majority of the world's gold ever mined is still sitting in vaults.
I've seen several charts pegging about 20 years left on the world supply of silver. Now there's a lot that can happen to affect that, but long term, I'm more bullish on silver.
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Replies: 37 / Views: 5,378 |
Posted 12/26/2010 8:13 pm
