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Gold vs Silver?

ocon4008ocon4008 Posts: 1,703
in Precious Metals
Why is gold spot continuing to inch higher, but silver spot just keeps bouncing between $17 and $18? Any thoughts other than government conspiracy?

Comments

  • WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    The declining value of the dollar?


    Steve
    Good for you.
  • ocon4008ocon4008 Posts: 1,703
    Steve, that would explain why gold keeps rising, but why isn't silver following suit?image
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Gold - is treated like currency. Way more popular too.

    Silver- is thought of as a commodity.
    Avid collector of GSA's.
  • adamlaneusadamlaneus Posts: 6,969 ✭✭✭
    Gold: Something that Banks hoard mostly. They tend to have more Gold than Silver.

    Silver: Something that Individuals hoard mostly. They tend to have more Silver than Gold.


  • ttownttown Posts: 4,472 ✭✭✭
    The paper market has skewed prices for quite some time. If I were buying today it would be silver but the storage cost would be huge in large amounts and in some counties you may have to flee, lighter is better.
  • Norseman88Norseman88 Posts: 962
    For long term price appreciation Silver will blow right past Gold if bought at current levels.
    I'm not saying that Gold will be a bad investment in this environment it's just that the Gold/Silver ratio is way out of whack considering the fundamentals. Also I don't for one minute buy into the argument that Gold is money and Silver is not as for centuries both Gold and Silver circulated as money.
    The all time purchasing power high for Silver is nearly $1,400 an oz. roughly 600-900 years ago so when you look at it that way $17 Silver now is a bargain and possibly one of the best investment's one can make.
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,363 ✭✭✭✭✭
    No need to choose one over the other. I am buying as much of both as I can afford at current prices. Silver has to break out past $18 sooner or later. image
    NO END IN SIGHT LIB $2.50'S CAC ONLY
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  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    I'm thinking silver is due for a run up! Been steady at $17+ to long.

    Stacked 4-10oz Englehard loafs today.image
    Avid collector of GSA's.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Why is gold spot continuing to inch higher, but silver spot just keeps bouncing between $17 and $18? Any thoughts other than government conspiracy?

    Some analysts feel that silver and gold stocks are being kept down so as not to give a confirmation signal of gold (ie hard assets) heading even higher. They are far easier to paper-up than gold right now. Possibly but I think a more likely explanation is simply that silver as a commodity is more reflective of money flows/liquidity. Copper and oil have been acting similarly to silver. Silver will go either when more liquidity flows into stocks and commodities or another shoe drops on the silver suppression game.

    The gold to silver ratio rising over the past 6 weeks or so indicates there is fear of money tightening. So some of the money that was in silver/commodity/stocks has flowed into more "safer" havens such as bonds and foreign currencies (Yen, Aussie, Cando) as well as gold. Silver will catch up with gold once investors and speculators become less spooked of a major SM sell-off or another liquidity squeeze/deleveraging event.

    roadrunner



    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    >>The all time purchasing power high for Silver is nearly $1,400 an oz. roughly 600-900 years ago so when you look at it that way $17 Silver now is a bargain and possibly one of the best investment's one can make.<<

    I bought at the top back in 1344. Should I average down? image

    My Adolph A. Weinman signature :)

  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭


    << <i>>>The all time purchasing power high for Silver is nearly $1,400 an oz. roughly 600-900 years ago so when you look at it that way $17 Silver now is a bargain and possibly one of the best investment's one can make.<<

    I bought at the top back in 1344. Should I average down? image >>



    LOL image
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • COALPORTERCOALPORTER Posts: 2,900 ✭✭
    Countries like INDIA are dumping the US dollar and replacing it with gold not silver, that is why there is more demand for gold at the moment.
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