Home Precious Metals
Options

10K, which metal to buy? 5 year hold

CakesCakes Posts: 3,462 ✭✭✭✭✭
So if you had to invest 10K into precious metals which would it be?

My thought is platinum, I just can't understand why it's so much cheaper then gold.

Thanks,

BC
Successful coin BST transactions with Gerard and segoja.

Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.

Comments

  • Options
    BAJJERFANBAJJERFAN Posts: 30,987 ✭✭✭✭✭


    << <i>So if you had to invest 10K into precious metals which would it be?

    My thought is platinum, I just can't understand why it's so much cheaper then gold.

    Thanks,

    BC >>



    Do you have to invest it in PMs or do you just have it to invest?
  • Options
    guitarwesguitarwes Posts: 9,240 ✭✭✭
    Buy and flip 6 of the 2015 UHR's.
    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • Options
    GRANDAMGRANDAM Posts: 8,372 ✭✭✭✭✭
    Buy silver,,,,, silver to gold ratio very favorable currently image

    Buy smaller sizes,,,, 1oz,,, 5oz,,, or 10 oz. Silver Eagles are always good.

    Larger bars are not as easily liquidated when needed.

    Any dealer can pay out for smaller sizes. Not everyone wants to buy a 100 oz bar of silver at any given time.

    JMHO, GrandAm image
    GrandAm :)
  • Options
    DrBusterDrBuster Posts: 5,305 ✭✭✭✭✭


    << <i>Buy and flip 6 of the 2015 UHR's. >>



    This works for me too
  • Options
    OPAOPA Posts: 17,104 ✭✭✭✭✭
    This: Silver Eagles are always good.
    and that: Buy 4 and flip 3 of the 2015 UHR's.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Options
    derrybderryb Posts: 36,200 ✭✭✭✭✭
    Five year hold? Silver, hands down. ASE or canadian mint 10 oz bars.

    While UHRs should do well, flipping any gold in a declining spot market is a gamble. Premiums of UHRs from the mint will be high.

    Keep an open mind, or get financially repressed -Zoltan Pozsar

  • Options
    BAJJERFANBAJJERFAN Posts: 30,987 ✭✭✭✭✭


    << <i>Buy and flip 6 of the 2015 UHR's. >>



    When are they set to be released?
  • Options
    OperationButterOperationButter Posts: 1,672 ✭✭✭


    << <i>

    << <i>Buy and flip 6 of the 2015 UHR's. >>



    When are they set to be released? >>



    End of the month
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • Options
    BaleyBaley Posts: 22,658 ✭✭✭✭✭


    << <i>platinum, I just can't understand why it's so much cheaper then gold. >>



    Manipulation by evil banksters, ain't that right guys?

    Liberty: Parent of Science & Industry

  • Options
    BaleyBaley Posts: 22,658 ✭✭✭✭✭
    silver

    image good one!

    Liberty: Parent of Science & Industry

  • Options
    derrybderryb Posts: 36,200 ✭✭✭✭✭
    Five year hold? Silver, hands down.

    Keep an open mind, or get financially repressed -Zoltan Pozsar

  • Options
    rawteam1rawteam1 Posts: 2,472 ✭✭✭


    << <i>Five year hold? Silver, hands down. >>


    Ah, you mean... Limit Down...
    keceph `anah
  • Options
    pf70collectorpf70collector Posts: 6,504 ✭✭✭
    Silver is cheap. I think this year's UHR will be a bust.
  • Options
    jmski52jmski52 Posts: 22,370 ✭✭✭✭✭
    One of the reasons that silver and platinum are both relatively cheap is because of the slack industrial demand. Demand will always fluctuate. I'd say that the potential is about equal for platinum and silver, but platinum is a thinner market and the spreads will always be wider for platinum than for silver. Silver is more divisible and can be sold in smaller chunks. On the other hand, silver requires a larger storage footprint. Everyone's circumstances are a little different.

    I see gold as a more stable savings medium in terms of price fluctuation, and it's market is mature & liquid with fair buy-sell spreads. It also requires a smaller footprint than silver, but can be kept in more easily transacted small chunks than platinum. I'd put the 5 year potential for gold at slightly less than that for silver or platinum, but not that much less.

    For 5 years, I'd go with 25% silver, 25% cash, 25% platinum, and 25% gold. And I wouldn't even think of spending the cash.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • Options
    BaleyBaley Posts: 22,658 ✭✭✭✭✭
    I'd spread it around too.

    With no other context than I'd budgeted $10k for precious metals, right now I'd be bidding on low MS $20 Saints and $10 Indians

    Liberty: Parent of Science & Industry

  • Options
    CakesCakes Posts: 3,462 ✭✭✭✭✭
    Thank you for the all of the replies. The investment will be made in metals, here are my choices:

    ASE's seems to be the obvious choice, maybe a monster box or multiple 5 and 10 oz bars.

    7 - MS63 Saints.

    7 - 2015 HR, I wish they had decided on a UHR but I guess a HR will have to do.
    Successful coin BST transactions with Gerard and segoja.

    Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
Sign In or Register to comment.