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OK, gold or silver

mhammermanmhammerman Posts: 3,769 ✭✭✭
in Precious Metals
Spouses were issued for about $420 when they came out. A tube of ASE's @ $16 retail at about the same time are a little less. Both are about par in value right now as a tube of ASE's at spot is about $700 and a half oz. spouse spots at about $700. Both have relatively little numismatic premium attached and both are nice bullion. You would make more profit on the ase's at current spot but gold might have a little more upside...or does it?

Would you sell the gold or the silver?

Maybe we can get some resolution on which one is expected to yield the most dramatic results in the near future in terms of profit. Do you take the silver profit and run to the gold counter or would you sell the gold and go to the silver counter? Hummmmm

Or...Got CASH?

Comments

  • gecko109gecko109 Posts: 8,231 ✭
    I guess it comes down to what you feel is a "correct" ratio. Currently at about 41-1, it seems to be a good time to go with gold. However, I like silver because of its industrial as well as "safe haven" demand. Even in a complete 180 change of the current economy, silver still has a very real demand.....something that gold falls short on.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>Spouses were issued for about $420 when they came out. A tube of ASE's @ $16 retail at about the same time are a little less. Both are about par in value right now as a tube of ASE's at spot is about $700 and a half oz. spouse spots at about $700. Both have relatively little numismatic premium attached and both are nice bullion. You would make more profit on the ase's at current spot but gold might have a little more upside...or does it?

    Would you sell the gold or the silver?

    Maybe we can get some resolution on which one is expected to yield the most dramatic results in the near future in terms of profit. Do you take the silver profit and run to the gold counter or would you sell the gold and go to the silver counter? Hummmmm

    Or...Got CASH? >>



    You be the judge: For ASE's...APMEX buy back price is $36.46 ( based on today's spot prices )
    First Spouse.....$717.00

    Personally, I would hold the Gold & sell the Silver or on second thought: hold the Silver & sell the Gold... image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • zrlevinzrlevin Posts: 734 ✭✭✭
    I don't have any extra cash, nor do I need any more cash, so I'm sitting tight with my 5050 split
    Zach
  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    I like silver better. More of a supply/demand imbalance, and reportedly there is less above-ground silver than above-ground gold.

    Quite a bit of the new mine supply is being turned into "unmeltable" silver coins such as ASE's, so this silver will not be coming back into the market for other uses for the foreseeable future. This will add to the supply squeeze for industrial users, and I think it will likely force the spot silver price significantly higher.

    My Adolph A. Weinman signature :)

  • BBQnBLUESBBQnBLUES Posts: 1,803 ✭
    Gold Spouses will never bring more than melt IMO.

    Dump the Gold & BUY Silver FAST !!!
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    The obvious choice is platinum or palladium if you have 50:50 gold/silver and don't know which next.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • meluaufeetmeluaufeet Posts: 764 ✭✭✭
    I only have a couple of TJ's so I'd hold those and hope that 39k of them get to the smelter.

    Yeah, I know... I must have been huff'n that OGP wood box... LOL

  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭


    << <i>Gold Spouses will never bring more than melt IMO.

    Dump the Gold & BUY Silver FAST !!! >>


    Really?

    My Adolph A. Weinman signature :)

  • CladiatorCladiator Posts: 18,041 ✭✭✭✭✭
    I stopped buying both a while back. Stocked up on gold, silver and lead. Now I wait.
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