Silver or Gold

[Freedom 4 all]

I've recently come into some money (a couple thousand) and wish to invest it in precious metals. Right now I'm leaning towards silver partly it's available in smaller denominations which will be useful for the future, and partly because I've heard that the ratio in value between silver and gold is projected to shrink in the coming years. However, I am interested in the opinions of those who are more well versed in sound money than I, so I made a poll.

 

[nobody's_hero]

Investment or inflation hedge?

You're going to hear from a lot of people with different opinions but I don't think you can go wrong with either considering that we still have a central bank and a fiat system.

 

[Seraphim]

Silver. Both will do well though.

 

[Kelly.]

no debt first, then silver/gold

 

[Freedom 4 all]

Investment or inflation hedge?

You're going to hear from a lot of people with different opinions but I don't think you can go wrong with either considering that we still have a central bank and a fiat system.

I'm gambling on shit getting worse than it already is. Whatever the correct term for that is lol. Plus I'm Canadian and the CAD is at the highest point it's been in recent memory. With regulators are already trying to find ways to "get it back down" it seems like a good time to buy.

 

[Seraphim]

Depends what kind of debt and whether or not you can comfortably service that debt.

no debt first, then silver/gold

 

[Seraphim]

The looney being stronger then the USD is here to stay (short term fluctuations aside, long term the CAD will be stronger).

But "stronger" is relative - it will continue to also get inflated. In relation to gold/silver the CAD will weaken.

I'm gambling on shit getting worse than it already is. Whatever the correct term for that is lol. Plus I'm Canadian and the CAD is at the highest point it's been in recent memory. With regulators are already trying to find ways to "get it back down" it seems like a good time to buy.

 

[Freedom 4 all]

no debt first, then silver/gold

My grandfather and father always told me (even before everything went to hell) that putting yourself in debt is like selling yourself into slavery. To be a free man one must first be free from debt. It was good advice and I've always tried my best to live by it.

 

[cubical]

silver is far more speculative as you can see by the chart. I think gold is safer. I would say gold, but silver might make a run at 70 this year, who knows.

 

[Seraphim]

The speculators are driven out periodically buy margin raises by COMEX and CFTC.

Silver is no doubt more volatile, but "speculation" is not driving the prices. Not one bit.

silver is far more speculative as you can see by the chart. I think gold is safer. I would say gold, but silver might make a run at 70 this year, who knows.

 

[AdamT]

Both!

 

[libertybrewcity]

silver's cheap and easier to get rid of if you want to sell it.

 

[Godisnowhere]

Silver is better for these reasons, inventory is low, ratio to gold is still low (it should be 15 to 1), silver is being consumed by industry and required in every cell phone, computer and on and on, gold is not being consumed. People who simply look at charts and tell you it is more speculative are ignorant of the other factors. Silver and Gold will go up because the USD will go down. Do your homework and you will see the facts not just crystal ball predictions that so many of the ignorant use.

 

[devil21]

Silver....then later decide whether to trade up into gold (if things hold together) or use for barter (if SHTF). Silver has the biggest potential.

 

[Bruno]

How many who waited wish they would have bought silver at $15, $20, $30, or $40?

 

[psi2941]

My grandfather and father always told me (even before everything went to hell) that putting yourself in debt is like selling yourself into slavery. To be a free man one must first be free from debt. It was good advice and I've always tried my best to live by it.

well was your grandfather a poor man? there are GOOD DEBT. If you borrow money to start a business, thats a decent debt (depending on the business of course) but yea if you borrow money to blow it off on consumer products yea thats very bad way to live by.

All business that are like fortune 500 company started by venture capital and debts. so seeing debt as a really bad evil thing is wrong.

How many who waited wish they would have bought silver at $15, $20, $30, or $40?

i bought in at 20

 

[Bruno]

i bought in at 20

$11-18!

 

[Jordan]

Either way, you'd be purchasing two correlated assets. That's not necessarily a problem on the buying end, but it is a problem at liquidation. With such a portfolio, you're sure to be up or down, never neither, and history has proven to be unkind to net silver and gold accumulators, as the best exit points are few and far between, with large spaces in between where you'd be selling with minimal profits, zero gain, or a loss.

Basically, if you're in it for the super duper long term (you can't really afford to move in and out of physical gold and silver thanks to the tax code), then it makes a lot more sense than it does for the short-term.

 

[Wolverine302]

Preserve your wealth: gold
Preserve your wealth and make money: silver