Silver better long term metal ?
Overrated
Posts: 454 ✭✭
Would like your thoughts!
0
Overrated
Posts: 454 ✭✭
Comments
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I like both. Talk about "Sophie's Choice".
Yes. I'm glad the metals aren't my children though...
I, too, like both. Copper is fine as well. Any of the PMs, too.
"Yes It Has", since...
1. Copper I can get at fv through copper pennies. Now when i get change I look for the copper pennies and put them aside. Non copper pennies go into my change jar. I've probably got 300 copper pennies now. Not a lot but just started a few months ago and got them from change. If copper prices ever go up, maybe copper pennies will be traded heavily like 90% silver is. Also its something fun to do and the kids enjoy it.
2. Silver is great because even with 10 bucks in my wallet I can stack some silver. I especially like 90% because its recognizable and the fact that its not being made anymore. Plus its neat to show children a benjamin franklin half dollar and see their eye light up when you tell them how much its worth and that this kind of coin was being used many years ago.
3. Gold is shiny and I like it ahhaha. Awesome because its in big demand, look at how many cash for gold places at the malls and businesses like Western Union putting cash for gold signs are sprouting up. Granted they want to rip you off and make money but gold is looked at in awe so I want some of that metal! Plus in many asian countries, gold is highly favored.
Can't go wrong getting all 3!
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
I do prefer gold in the long run, I think it is more known by the average people.
I find silver more fun. You can buy more and enjoy bigger quantities even with a low budget.
However, it swings too much but that's fun when you buy it to make some profit on the short term.
Copper? No please. It's too heavy. (though, that copper Panda is one of my favorite coins)
Pd and Pt? Same as silver with less fun due to their high prices.
I am stuck mainly with gold because it will be easier to carry (or ship) whenever I will go back home.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
<< <i>Ciccio, copper panda? Pls elaborate! >>
It's a 1993 copper Panda. I think it's pretty common.
I have 2 but since you don't trust chinese coins I can't sell on to you!
Camelot
Gold is insurance and protects against inflation. It will assuredly do well in the short term but
will definitely do poorly if held too long. A wise investor will try to always have at least 5% of
his wealth in gold and try to stay under 20%. Now is a good time for it to be close to the high
side but it should have gotten there by the increase in gold price. If you don't have gold then
now is a good time to get your feet wet.
As soon as an end is seen to inflation it will be too late to sell gold. Try to get out early. Keep
enough for insurance and trade the rest for silver.
<< <i>No preference here. I am buying as much of each as I can afford. They can fight it out.
Fred, Las Vegas, NV
- Morgans and Peace $ will be too expensive for the "avg" person to buy....
- They will instead buy 90% Halves......
- If silver goes crazy, 90% will become too expensive to own and the 40% market will explode...
Gold can only be had by the rich in volume.... the "every day person" is the one who will drive silver instead of gold as it is more affordable.
I knew it would happen.
why do people believe that the average joe will buy any silver?
Silver has done nothing but loose ground to gold over the last 50 years.
Some silver its fine and it its surely a good alternative to fiat ...but silver its not money ...GOLD is.
Groucho Marx
<< <i>So, where does my 6 foot ball of tin foil stand? >>
I sure hope it stands in the garage; otherwise, it will take up too much room in the living room and there will be no room for the Christmas tree.
<< <i>The average person doesnt have any savings or credit nowadays ...they simply can not see the advantage of silver over a new iphone.
why do people believe that the average joe will buy any silver?
Silver has done nothing but loose ground to gold over the last 50 years.
Some silver its fine and it its surely a good alternative to fiat ...but silver its not money ...GOLD is. >>
The average joe will not be responsible for silver's climb. Serious investors/speculators who lose faith in other investment classes will drive silver up. PMs are the investment class of last resort to the mainstream investor/speculator.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>The average person doesnt have any savings or credit nowadays ...they simply can not see the advantage of silver over a new iphone.
why do people believe that the average joe will buy any silver?
Silver has done nothing but loose ground to gold over the last 50 years.
Some silver its fine and it its surely a good alternative to fiat ...but silver its not money ...GOLD is. >>
The average joe will not be responsible for silver's climb. Serious investors/speculators who lose faith in other investment classes will drive silver up. PMs are the investment class of last resort to the mainstream investor/speculator. >>
Historically, silver is prolly fully valued as is gold. The push from here will be speculative as an industrial boom pushing silver isn't likely. Keep in mind that in most developed countries there is a VAT tax attached to physical ownership of silver, not so with gold.
<< <i>why do people believe that the average joe will buy any silver? >>
Don't know...but who purchased approx 60 million ASE's in the last 2 years, along with all sorts of silver coin options offered by the Mint. In addition, million's of ounces from various bullion dealers such as APMEX. Let me guess: "The Tooth Ferry."
You are underestimating J6P
BTW Silver closed up 3.61% today.
Silver over $29 today. Will it reach$30 before close?
<< <i>Silver over $29 today. Will it reach$30 before close? >>
I hope so so the Aussie stuff I bought the other day becomes relatively 'cheaper'.