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HOW CAN ANYONE BUY GOLD ? WHO CAN MAKE A CASE FOR GOLD ?
Danny9995
Posts: 115
I just dont see how anyone can be a gold bull today, with the other options available. I think if you like the potential of PM"s both silver and platinum offer a far greater outlook. Right now, you can get silver for $12 generic and $13 non generic, while gold is about $850-$900 so even taking the low end $850 gold and the high end silver $13 you are looking at ~ 65 to 1 ratio. That is very high historically. I can understand people with a lot of money to invest not wanting to have 3000 ounces of silver to store and protect. But for that type of person, I dont see why they would take gold over Plat when plat is now about 5% higher than gold. Plat has always been HIGHER than gold and I think it will stay higher than gold so to me the best buy between the 2 is platinum.
Also, with the economic problems both silver and gold have been murdered, losing over half their highs when you just consider spot prices. Gold on the other hand, is only about 22% off its recent high. To me, silver and plat both have a nice healthy rebound coming in the next few years where gold doesnt have as much coming. Now I am not saying Gold will go down, I see all PM going up over the long term. I just think silver will surely gain on gold and so will plat. So I dont see why anyone would buy gold over silver and plat.
Also, with the economic problems both silver and gold have been murdered, losing over half their highs when you just consider spot prices. Gold on the other hand, is only about 22% off its recent high. To me, silver and plat both have a nice healthy rebound coming in the next few years where gold doesnt have as much coming. Now I am not saying Gold will go down, I see all PM going up over the long term. I just think silver will surely gain on gold and so will plat. So I dont see why anyone would buy gold over silver and plat.
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P.S. Interesting statements considering you are "Looking to buy Gold Buffalo - 1 ounce for $850 ppd. "
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
but you're right...SILVER is the no brainer investment of today.
80 to 1 ratio and people buy Gold???
Come on, get with the program.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>Wrong message board.
P.S. Interesting statements considering you are "Looking to buy Gold Buffalo - 1 ounce for $850 ppd. " >>
And gold is not currently $850-$900.
<< <i>HOW CAN ANYONE BUY GOLD ? >>
Cause it's purdy.
You have to pay $850-$900 to get it. If you want to just go by spot prices, silver is $9.80 and gold is $770. Now its an 80 to 1 ratio. Doesnt help your case at all.
but old friends are gold".
Camelot
<< <i>
<< <i>HOW CAN ANYONE BUY GOLD ? >>
Cause it's purdy.
<< <i>Dan,
You have to pay $850-$900 to get it. If you want to just go by spot prices, silver is $9.80 and gold is $770. Now its an 80 to 1 ratio. Doesnt help your case at all. >>
The problem is that I'm not trying to make a case here, you are. Why are you trying to buy gold while saying "gold sucks" at the same time?
<< <i>"New friends are silver,
but old friends are gold". >>
profound, as usual
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
my early American coins & currency: -- http://yankeedoodlecoins.com/