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JungMin
Joined: 18 May 2005
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 Posted: Mon Mar 17, 2008 9:32 pm Post subject: Buying Silver vs Buying Gold. |
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What do ya think??
I read that in the early 80's, silver was around $55/ounce while supply was 150% that of gold. While now it is $20/ounce and supply is around 20% that of gold.
I am starting to think that silver is the way to go. Lots of people think that silver is largely undervalued and is due for some correction.
Thoughts anyone?? |
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Beeyee
Joined: 29 May 2007
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| Posted: Mon Mar 17, 2008 9:36 pm Post subject: |
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| Yup, silver is certainly on the move. That said, either one is a solid investment. I buy both. |
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valkyrian2
Mod Team
Joined: 15 May 2007
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| Posted: Tue Mar 18, 2008 1:26 am Post subject: |
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The high pricing of silver back in the 80s was due to a billionaire using his money to try to control the market. He failed, went broke and silver headed for $5/oz soon there after.
As a commodity it is OK to hold as a hedge against inflation but long term, there is no growth expected. It is NOT a scarce metal. |
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Rumple
Joined: 19 Sep 2007
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| Posted: Tue Mar 18, 2008 5:38 am Post subject: |
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| Beeyee wrote: |
| Yup, silver is certainly on the move. That said, either one is a solid investment. I buy both. |
You aren't concerned that gold is at a record high right now? |
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bacasper
Joined: 26 Mar 2007
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| Posted: Tue Mar 18, 2008 5:41 am Post subject: |
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Here is a good article I just read on that.
One difference between silver and gold is that silver is consumed in manufacturing while gold is not.
He goes on to say the determining factor on which to buy is their price ratio, which right now favors silver. Historically it has been 16, but ranged as high as 100 and as low as five. Right now it stands at 50 and has been dropping and looks to continue. |
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victorology
Joined: 10 Sep 2007
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| Posted: Tue Mar 18, 2008 5:42 am Post subject: |
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| Rumple wrote: |
| Beeyee wrote: |
| Yup, silver is certainly on the move. That said, either one is a solid investment. I buy both. |
You aren't concerned that gold is at a record high right now? |
I'm concerned that there are so many threads on this forum about buying gold. We might be at the point where everyone and their moms are buying gold and there might not be much more upside. |
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Beeyee
Joined: 29 May 2007
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| Posted: Tue Mar 18, 2008 5:53 am Post subject: |
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| Rumple wrote: |
| Beeyee wrote: |
| Yup, silver is certainly on the move. That said, either one is a solid investment. I buy both. |
You aren't concerned that gold is at a record high right now? |
I'll admit I havent bought a whole lot of it recently due to finances. I was buying when it was around $700, which really wasn't that long ago. Less than a year I'm sure. I've been buying more silver of late. |
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JungMin
Joined: 18 May 2005
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| Posted: Tue Mar 18, 2008 6:24 am Post subject: |
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| bacasper wrote: |
Here is a good article I just read on that.
One difference between silver and gold is that silver is consumed in manufacturing while gold is not.
He goes on to say the determining factor on which to buy is their price ratio, which right now favors silver. Historically it has been 16, but ranged as high as 100 and as low as five. Right now it stands at 50 and has been dropping and looks to continue. |
Why does he say this???
| Quote: |
| Always take delivery of your physical metal. Never leave silver in storage with any dealer |
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lastat06513
Joined: 18 Mar 2003
Location: Sensus amo Caesar , etiamnunc victus amo uni plebian
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| Posted: Tue Mar 18, 2008 5:47 pm Post subject: |
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I'd say gold, though a person might have to buy it in moderations because it is outragiously expensive to buy in bullion....
I would say that if there is a war, then I would invest in silver.
Because during war, such alloys as copper, nickel and tin are going to scooped up to make war material and usually the only metal left to use in money IS silver-- at least that was the lesson in WWII...... |
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bacasper
Joined: 26 Mar 2007
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| Posted: Tue Mar 18, 2008 7:44 pm Post subject: |
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| JungMin wrote: |
| bacasper wrote: |
Here is a good article I just read on that.
One difference between silver and gold is that silver is consumed in manufacturing while gold is not.
He goes on to say the determining factor on which to buy is their price ratio, which right now favors silver. Historically it has been 16, but ranged as high as 100 and as low as five. Right now it stands at 50 and has been dropping and looks to continue. |
Why does he say this???
| Quote: |
| Always take delivery of your physical metal. Never leave silver in storage with any dealer |
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I'm guessing that there is always the possibility that in an economic meltdown, a government might seize precious metals.
When I suspect that that becomes more than just a remote possibilty, I'd pay the fees required to take delivery of my metal. This is also another reason to buy gold, as the same value weighs much less to ship. |
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safee1980
Joined: 14 Sep 2007
Location: Daejeon, South Korea
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| Posted: Wed Mar 19, 2008 7:02 am Post subject: From where to buy then? |
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| If Silver, then what are the buying outlets etc? |
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