GOLD or SILVER?

[fatjohn]

Guess this thread is obvious. Which to buy and if both, what ratio?

 

[humanic]

I'm no expert, but I've always found this article insightful:
http://the-moneychanger.com/commandments.phtml

It is written by Franklin Sanders, who appears alongside Ron Paul in America: Freedom To Fascism.

 

[extrmmxer]

I would say load up on silver. It's nice to have some gold but silver is a bargain. This is why. The ratio between gold and silver should be around 40 to 1 give or take. Right now it's 66 to 1. Silver will close in on that ratio. Plus, silver is hard to find right now.

 

[lucius]

I'm no expert, but I've always found this article insightful:
http://the-moneychanger.com/commandments.phtml

It is written by Franklin Sanders, who appears alongside Ron Paul in America: Freedom To Fascism.

nice

Moneychanger, nowhere in your recommendations do I see anything about pure gold coins like the Canadian Maple Leaf or Austrian Philharmonic. Why not?

Gold is one of the softest and most ductile metals. Pure gold coins scratch and scar very easily unless handled with extreme care. Throughout history gold coins have generally been alloyed with copper or silver, hardening them to withstand circulation. Customers often unwittingly damage pure gold coins and therefore receive up to 5% less for them when they sell. In our opinion the purity of 24 karat gold confers no benefit and in fact often creates drawbacks.

 

[Josh_LA]

Guess this thread is obvious. Which to buy and if both, what ratio?

Whatever you can afford, so silver may be easier. EVEN THOUGH silver may cost more in premium today (only if you compare it to the official market spot price).

Silver will become more rare sooner. Silver has easy diversification thus easier to liquidate.

 

[John of Des Moines]

IMHO buy junk silver pre-1965 stuff. In an economic collapse it will carry more of a utility value vs. gold coins. Try to buy a loaf of bread and a pound of ham with a $5 gold piece and getting change, a couple of silver dimes will do. And right now silver is 65 oz to 1 oz of gold and like somebody above said it has been trading at 40-50 to 1. But when silver begins functioning as everyday money it should go closer to 20 to 1.

 

[cien750hp]

i would say about 4/5 gold.
so if you bought 5k worth of metals, i would get 4 oz of gold.

i think gold is a better investment, if you have the money for it, just because it is so less volatile and historically more of a money-metal than silver (since it is so much more rare and silver is now used in electronics and stuff)

but im by no means an expert so take what i say for what its worth

 

[tmosley]

If you think you might need to flee the country, gold is better as it is easier to hide and it is very value dense. If you are looking for investment quality, go silver, for reasons mentioned above, plus the fact that there is a shortage, plus the fact that it is used in industry (so there is a segment of the market that will pay whatever it takes to get it).

If you are looking for a hedge against economic collapse, then I would go with 90% junk silver, as it is less liable to be confiscated, is considered legal tender, etc.

 

[Dr.3D]

I would go mostly silver. Silver is more rare than gold at the present time because there is less above ground. Silver gets used up in industry whereas gold doesn't so there is actually more gold above ground than there is silver.

 

[gaazn]

I would go mostly silver. Silver is more rare than gold at the present time because there is less above ground. Silver gets used up in industry whereas gold doesn't so there is actually more gold above ground than there is silver.

Exactly. The only reason gold is currently valued much higher is that countries keep gold in reserve. What if they didn't?

 

[jonahtrainer]

Exactly. The only reason gold is currently valued much higher is that countries keep gold in reserve. What if they didn't?

Gold is the monetary metal. Silver is a quasia-monetary metal. They function together and perform different roles. Think of gold as a 747 and silver as an F-22.

Are you sure countries even keep gold in reserves? Assuming they did divest themselves of their metal what would happen is that gold would continue its function of reconciling and revaluing the balance sheets of countries.

The gold wars are as old as fiat currency. In the currency market gold always poses a mortal threat to the paper franchises of States. The motive for States suppressing the gold price is that the ability to control what is used as functional currency is infinitely more valuable than the price of a portfolio asset. Gold just laughs in the face of the State.

 

[fatjohn]

So i'll think it's best to buy both, but it seems that you guys think that silver will make the biggest splash.

 

[bander87]

Depends on how much you are spending. If it's 1k, the ratios would probably be different than if you were spending 10k.

I like silver in all forms: 1964 Kennedy halves, 1oz rounds, and 10oz bars.

Buy small silver first, then large silver, then small gold, then large gold. --- I think that's right.

 

[eric_cartman]

i have always said 2/3 gold, 1/3 silver is the best ratio.

if you want to be more aggressive, go 1/2 gold, 1/2 silver

if you want to be more conservative, go 3/4 gold, 1/4 silver

to be ultra conservative, go 100% gold.

 

[specsaregood]

I buy gold to preserve my wealth. I buy silver as more of an investment. Silver is much more erratic. The problem right now is there is a shortage of investment size silver and the premiums are currently insane and not worth it.

Gold has historically been the ultimate form of storing wealth, so who is to argue with that.
I am about 3/4 gold and 1/4 silver -- In terms of $'s not oz's.

But as said above, if you are talking small amount of $$$ then gold might not be much of an option as you aren't gonna get much of it since it is at 900/oz.

 

[Bruno]

Gold dropping, silver holding.

 

[123tim]

Gold dropping, silver holding.

Silver dropping like a rock now.
http://66.38.218.33/charts/livesilver.html

 

[Renegades]

Neither. Gold, especially climbs during panic.
It's going to drop like a rock. There is still gold in the ground and there is always going to be a 'resistence level' when it reaches the $900-$1000 level, it becomes profitable once again to dig it out and refine it, and the supply becomes elastic again.

 

[Bruno]

Silver dropping like a rock now.
http://66.38.218.33/charts/livesilver.html

It's only down 2 cents right now.
12:15
13.19
13.25
-0.02
-0.15%

 

[Bruno]

Renegades: from your signature: Conspiracy theories are just self-esteem boosters for those who have none. It empowers them with a feeling of being "in the know", and boosts their self-esteem by talking down to everyone as if they are sheep.


How ironice. Arrogance is bliss, isn't it?

I have plenty of self-esteem, and still believe people can "conspire" to do things. Conspiracy is a crime people are charged with every day for things much less profitable than trying to control our economy or our country.

Bush, Paulson, and Bernanke conspired to create this Bailout Package, for example. Whether you believe that their intent was "evil" or not, they did in fact conspire to create it.

7 dictionary results for: conspire
Dictionary.com Unabridged (v 1.1) - Cite This Source - Share This
con·spire /kənˈspaɪər/ Pronunciation Key - Show Spelled Pronunciation[kuhn-spahyuhr] Pronunciation Key - Show IPA Pronunciation verb, -spired, -spir·ing.
–verb (used without object) 1. to agree together, esp. secretly, to do something wrong, evil, or illegal: They conspired to kill the king.
2. to act or work together toward the same result or goal. –verb (used with object) 3. to plot (something wrong, evil, or illegal).


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[Origin: 1325–75; ME < L conspīrāre to act in harmony, conspire, equiv. to con- con- + spīrāre to breathe; see spirant, spirit]