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Which precious metal is the best long term investment?

hchcoinhchcoin Posts: 4,829 ✭✭✭✭✭
Please explain your reasoning below.

Comments

  • Precious metals are a horrible investment.
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  • fcfc Posts: 12,793 ✭✭✭


    << <i>Precious metals are a horrible investment. >>



    lets be reasonable here. it just depends on the timing of your purchases. it was so much fun buying gold and silver when silver was ~7 bucks an ounce and gold was ~450. i felt like i was getting great value for my dollars spent and was very comfortable in my investment. if i had to choose i picked silver right now but i would wait for a dip below 15.

    for the record i only have a few ounces of gold left and about 50 or 60 silver dollars. i am pretty much out of metals.
  • perkdogperkdog Posts: 30,581 ✭✭✭✭✭
    image
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>Precious metals are a horrible investment. >>



    Sure....and that's why gold and silver have FAR outperformed the DOW and S&P500 and Russell 2000 over the past 15 years and even the past 45 years. Just horrible long term investments. image

    It is true that PMs have been horrible investments the past 3-4 years. And, stocks stunk up the joint from 2000-2003 and 2007-2009. Cycles are just that....cyclic. There will be a time in the near future when
    investing in commodities will the "in-thing" again. It's just that it hasn't worked from 2011-2014. But precious metals and PM stocks at 3-7 year lows certainly have more long term potential than when they were at
    all time highs. In some metrics, the PM sector is at 15-35 year lows.

    Fwiw I picked gold over silver only because with the eventual monetary crisis coming at us, I favor the safety of gold as a "currency" over silver which tends to be more of an industrial/economy-related metal. Gold acted
    much better than silver during the 2000-2003 deflationary/recessionary period. And until inflation is showing up in commodities, I'll stick with which one works better in a deflationary price environment. The better "longer"
    term investments today are probably those that are closer to 5-10 year lows. And fwiw that doesn't describe the Dow, S&P, or Bonds which are at or near all time highs. Just sayin'. image
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • derrybderryb Posts: 36,779 ✭✭✭✭✭
    silver - required for many applications besides just store of wealth. It is needed much more than any of the others. Gold is required for things people want, silver is required for things people need. While there remains an abundant supply, it is past its peak.

    "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

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    Gold. Possible appreciation and financial insurance.

    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    Gold of course. No need for explanations !!! image
    Timbuk3
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Brass and lead will always win this game.
  • OperationButterOperationButter Posts: 1,672 ✭✭✭


    << <i>Brass and lead will always win this game. >>



    Unless the drone sees you first image
    Gold is for savings. Fiat is for transactions.



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  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>Brass and lead will always win this game. >>



    Except when your competition has more brass and lead than you do.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    Gold for "security" ... silver for short term speculation.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jrt103jrt103 Posts: 419 ✭✭✭
    Ag and Au
  • cohodkcohodk Posts: 19,084 ✭✭✭✭✭


    << <i>Gold. Possible appreciation and financial insurance.

    MJ >>



    +1
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,779 ✭✭✭✭✭
    simple: Which moves the most when there is movement?

    "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

  • ebaytraderebaytrader Posts: 3,312 ✭✭✭


    << <i>simple: Which moves the most when there is movement? >>



    Good question. Which has the highest beta short, intermediate, and long term?


    Anyone?

    Buehler?

    Anyone?
  • derrybderryb Posts: 36,779 ✭✭✭✭✭

    "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

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Gold.... read Roadrunner's post......Gold will never be worth nothing (cannot remember who said that first, was not me)...Cheers, RickO
  • jmski52jmski52 Posts: 22,814 ✭✭✭✭✭
    double post
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • jmski52jmski52 Posts: 22,814 ✭✭✭✭✭
    Gold, historically and universally recognized as real money.

    Sits at the apex of the inverted asset pyramid.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • jmski52jmski52 Posts: 22,814 ✭✭✭✭✭
    Gold, historically and universally recognized as real money.

    Sits at the base of the inverted asset pyramid.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,779 ✭✭✭✭✭


    << <i>Gold, historically and universally recognized as real money.

    Sits at the base of the inverted asset pyramid. >>


    Question is about best investment, not best money. image

    "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

  • tneigtneig Posts: 1,505 ✭✭✭
    I chose Gold. Could have been anything under "Other?" so I dismissed it as a choice.

    Reason being Gold is most likely able to be redeemed later. Now whether its really a good long-term investment vs other things is the debate.
    I know people with Lucent stock that thought it was a good investment. At least I assume gold will keep some decent base value.

    To me, I see it being a whole new world for items in the "Precious Metals category"
    COA
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>In bull markets, silver always outperforms gold; in bear markets, silver always underperforms gold.

    The correct answer depends on "long term" outlasting deflation. >>




    Over the course of an entire and normal commodities bull market that's probably true. But it's not true all the time. For instance in the gold bull market of 2000-2011 gold outperformed silver from 2000-2003. It was basically gold up +53% and silver flat or at a slight loss. Silver got bogged down in the 2000-2003 recession as an industrial metal. That's a significant period of time in the "bull" market for the normal leader to be on the ropes. Look at the 1970's bull market. Gold outperformed silver from 1970 to early 1979....9 years. It was only in the final 8-10 months of that decade that silver finally took off as the Hunts tried to corner physical silver. I'm sure there are other glaring examples too.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • derrybderryb Posts: 36,779 ✭✭✭✭✭

    "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

  • bluelobsterbluelobster Posts: 1,220 ✭✭✭

    Right now Platinum is cheaper than Gold, I'd be willing to bet 10, 20 or 50 years from now. platinum will have out performed gold, from this point forward.
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